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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