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'Indian economy stable, focus on inclusive growth'

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  24 Feb 2016 12:00 AM GMT

New Delhi, Feb 23: Terming India a haven of stability in an increasingly turbulent global economy, President Prab Mukherjee on Tuesday cited the government’s initiatives for ending poverty and boosting employment and said women will be inducted in all fighter streams of the armed forces. In his address to the joint sitting of the two houses of parliament at the start of budget session, Mukherjee said that firm and effective steps will be taken to deal with any situation arising out of cross-border terrorism. Noting the government’s fundamental tenet was “Sabka Sath, Sabka Vikas” (taking along everyone, progress of everyone), he also said it has pursued a bold and proactive foreign policy.

Opposition parties said that the president’s address was “uninspiring” and did not mention any of the raging controversies such as concerning the Jawaharlal Nehru University but Environment Minister Prakash Javadekar defended it, saying it reflected government’s commitment to the welfare of villages, poor, farmers and youth.

The over one-hour address was heard with raptattention by members of Lok Sabha and Rajya Sabha assembled in the central hall of parliament. Prime Minister rendra Modi and Congress president Sonia Gandhi were among those present.

“India is a haven of stability in an increasingly turbulent global economy. GDP growth has increased making India the world’s fastest growing economy among large economies,” he said. also noting that the country recorded the highest ever software exports, the highest increase in railway capital expenditure and the highest foreign exchange reserves in 2015.

He said innovative initiatives have helped India jump up 12 places in the latest rankings by the World Bank on ease of doing business. The president said that government has taken a number of measures for a progressive and non-adversarial tax regime, and is engaged in simplifying procedures and repealing obsolete laws, apart from unlocking infrastructure development opportunities and cutting subsidy leakages. He said generating employment was a top priority and it is being done through initiatives like Make in India, Startup India, Mudra scheme and Skill India.

On agriculture which has suffered two successive seasons of idequate rainfall, the president said the government was taking steps to usher in a second Green Revolution in the eastern region. Mukherjee congratulated the security forces for successfully foiling the terrorist attack at Pathankot air base and said “firm and effective steps will be taken to deal with any situation arising out of cross-border terrorism”.

The president said the government had fulfilled its commitment on One Rank One Pension. Noting ‘Shakti’, which means power, was the manifestation of female energy which “defines our strength”, he said that induction of women as Short Service Commission officers and as fighter pilots in the Indian Air Force) has been approved.

Noting that the overriding goal of the government was poverty eradication and the poorest of the poor have the first claim on the tion’s resources, he said the Pradhan Mantri Jan-Dhan Yoj was the world’s most successful fincial inclusion programme and of the over 21 crore bank accounts opened, 15 crore were operatiol with an aggregate deposit of over Rs.32,000 crore.

He listed the government’s particular focus on poverty eradication, farmers’ prosperity and employment generation for youth. With the past two sessions marred by repeated adjournments over a range of issues, the president said that democratic temper calls for debate and not disruption and urged MPs to discharge their duties in a spirit of mutual accommodation.

On Pakistan, he said that the government is committed to forging a “mutually beneficial relationship and creating an environment of cooperation in combating cross-border terrorism.” The president also spoke of measures to combat black money and corruption and improve governce, as well as initiatives under Swatch Bharat programme and the commitment to provide housing to all by 2022. Congress leader Ashwani Kumar however said the address was “utterly uninspiring and completely directionless”, while CPI-M leader Sitaram Yechury said the address did not refer to burning issues such as the government action in JNU and its plan to “replace history with Hindu mythology”. (IANS)

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