NEW DELHI: Prime Minister Manmohan Singh will address the nation tonight to explain the government's recent decisions on economic reforms which have triggered widespread political protests across the country.
The Prime Minister will address the nation at 8 PM on Doordarshan about the recent decisions on economic reforms, officials said.
Singh is expected to spell out the reasons that prompted the government to allow FDI in multi-brand retail, hike in diesel prices and put a cap on subsidy on LPG cylinders.He is likely to cite the difficult times facing the economy and emphasise that the steps were taken to push economic growth and generate employment.
The thrust of the Prime Minister's message is expected to be that the decisions were taken in national interest.
In the Cabinet decision on September 14, Singh had said the step was intended to "bolster economic growth and make India a more attractive destination" for foreign investment.
"I believe that these steps will help strengthen our growth process and generate employment in these difficult times," he had said and sought support of "all segments of public opinion" for this.
The decision to go ahead with FDI in multi-brand retail has evoked angry reactions from Trinamool Congress which has decided to quit the UPA government.
UPA's outside allies like Samajwadi Party and JD-S as well as opposition parties are also agitated over the decision and had organised a nationwide bandh yesterday.
(Source: economictimes.indiatimes.com)
Hi,
ReplyDeleteJust sat through the nonsense address to the nation by Manmohan Singh our PM.
Hey/ Manmohan JI , Why are you confusing SECURITY of our nation with ECONOMIC GROWTH?
We have been enslaved by the same Christian white invaders you are selling out India to now..
You, Montek Singh Ahluwalia and I know ( let us assume all 3 of us are intelligent ) that modern John Galt number crunching economics is pseudo science, where you try to simulate the real life into economics models, if your theory doesn't explain the reality, its abandoned, out of hindsight -- real science will never do that....
Economic models are almost totally useless, as there are thousands of factors which affect the economy constantly. The rating agencies S&P, Fitch, Moody’s all are manipulated by a certain rich banking family , you and Monty worked for the same family in IMF and World Bank, right?
Mathematical economics is incomplete save as a series of statistical formulations, valid as far as they go . The assessment of economic “growth” based on Gross Domestic Product is a fallacy, as it does NOT measure, something which is central to economic “progress”-- the level of entrepreneurial activity in a country like India .
Yet, no perceptive modern world economist has the guts to cry – “see the emperor is NOT wearing clothes!”
Punch into google seach--
WILL INDIA BE A BANANA REPUBLIC, FDI IN MULTI BRAND RETAIL – VADAKAYIL
We built super computers, we placed our flag on the moon, we can send nuclear missiles to England and Japan on our own , the entire IT technology for London 2012 Olympics , for all 36 events was from India.—
-- nevertheless we need help to run a shopkeeping chain with ozonized vegetable coolers , like Reliance Fresh, 65 years after we broke the chains of slavery, right?.
Till GM foods came to India, we had hardly any Alzhiemers disease .
Such is the power of “lobbying” bribes on our politicians .
Dorks shall lay off !
Capt ajit vadakayil
..