UNION FINANCE MINISTER SAID FURTHER :-
QUOTE : The third challenge relates to the weakness in government system, structurs and institutions at different levels of governence. Indeed, in the coming years, if there is one factor that can hold us back in realising our potential as a modern nation, it is the bottleneck of our public delivery mechanisms. There have been many initiatives in this regard, in different sectors, at different points of time. Some of them hve been effective in reforming the way the Government works in those areas. But we have a long way to go before we can rest on this count. The Union Budget cannot be a mere statment of Government accounts. It has to reflect the Government’s vision and signal the policies to come in future. With development and economic reforms, the focus of economic activity hs shifted towards the non-governmental actors, bringing into sharper focus the role pf Government as an enabler. An enabling government does not try to deliver directy to the citizens everything that they need. Instead it creates an enabling ethos so that individual enterprise and creativity can flourish. Government concentrates on supporting and delivering services to the disadvantaged sections of the society. It is this broad conceptualisation of the Budget that informs my speech today. UNQUOTE
[for full text of FM speech, please visit http://www.taxesinindia.com ]
FINANCE MINISTER SPEECH
[EDITOR's note: It takes many decades for the Finance Minister to discover the WEAKNESS in Government systems, structures and institutions. BETTER LATE THAN NEVER.]
VENKATRAMAN RAGGHUPATHY, Web admin.
FINANCE MINISTER SPEECH
governance, weakness in government systems. structures and institutions
FINANCE MINISTER further said : -
QUOTE: GROWTH is only as important as what it enables us to do and be. Therefore, the SECOND CHALLENGE is to harness ECONOMIC GROWTH to consolidate the recent gains in making development more inclusive. The thrust imparted to the development of INFRASTRUCTURE in rural areas has to be pursued to achieve the desired objectives within a fixed time frame. We have to strengthen FOOD SECURITY, improve EDUCATION OPPORTUNITIES and provide HEALTH FACILITIES at the level of households, both in rural and urban areas. These are issues that require significant resources, and we have to find those resources. UNQUOTE
[for full text of the FM speech, please visit http://www.taxesinindia.com ]
FINANCE MINISTER SPEECH
VENKATRAMAN RAGGHUPATHY, Web admin.
FINANCE MINISTER SPEECH
economic growth, education opportunities, food security, GROWTH, health facilities, infrastructure
FINANCE MINISTER – UNION OF INDIA says: -
QUOTE: -TODAY I CAN SAY WITH CONFIDENCE THAT WE HAVE WEATHERED THE CRISES WELL. INDIAN ECONOMY NOW IS IN A FAR BETTER POSITION THAN IT WAS A YEAR AGO. THAT IS NOT TO SAY THAT THE CHALLENGES TODAY ARE ANY LESS THAN WHAT THEY WERE NINE MONTHS AGO WHEN UPA UNDER THE LEADERSHIP OF MRS. SONIA GANDHI WAS ELECTED BACK TO POWER AND PRIME MINISTER DR. MANMOHAN SINGH FORMED THE GOVERNMENT FOR THE SECOND TIME. THE THREE CHALLENGES AND THE MEDIUM TERM PERSPECTIVE THAT I HAD OUTLINES IN MY LAST BUDGET SPEECH REMAIN RELEVANT, EVEN TODAY. THESE WOULD CONTINUE TO ENGAGE THE INDIAN POLICY-PLANNERS FOR THE NEXT FEW YEARS. THE FIRST CHALLENGE BEFORE US IS TO QUICKLY REVERT TO THE HIGH GDP GROWTH PATH OF 9 PER CENT AND THEN FIND THE MEANS TO CROSS THE DOUBLE DIGIT GROWTH BARRIER.THIS CALLS FOR IMPARTING A FRESH MOMENTUM TO THE IMPRESSIVE RECOVERY IN GROWTH WITNESSED IN THE PAST FEW MONTHS. IN THIS ENDEAVOUR, I SEEK LORD INDIRA’s HELP TO MAKE THE RECOVERY MORE BROAD-BASED IN THE COMING MONTHS. = UNQUOTE.
[for full text of the FM speech, please visit http://www.taxesinindia.com ]
FINANCE MINISTER SPEECH
VENKATRAMAN RAGGHUPATHY, Web admin.
FINANCE MINISTER SPEECH
challenges, double digit growth, GDP, INDAN ECONOMY, Indian Policy
