Immediate priority to counter effects of global slowdown tops the agenda.
New Delhi: Following are the economy-related highlights of President Pratibha Patil's address to the joint session of Parliament on Thursday where she outlined the United Progressive Alliance government's broad agenda for the next five years:
- Immediate priority to counter effects of global slowdown
Focus on small units, exports, textiles, automobile, infrastructure, housing Divestment of stake in state-run units but no privatisation Encourage foreign investment with appropriate policy changes Reforms in insurance, pension and banking Reorient subsidies so that they benefit only the needy Ensure prudent fiscal management Move towards common goods and services tax regime Encourage pubic-private partnerships in infrastructure Expand rural telephone network to achieve 40 percent tele-density New targets for rural electrification, irrigation and roads Integrated energy policy for adding 13,000 MW every year Aggressive hydrocarbons exploration with renewed hunt for oil assets abroad Make civilian nuclear energy deal operational Massive skill development initiative to realise demographic dividend Legislative amendments to protect unfair displacement from farmland Brain gain policy to attract global talent to 14 "innovation universities". Measures to get back illegal money stashed overseas
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