President Pranab Mukherjee today addressed the joint sitting of Parliament, listing out the priorities of Narendra Modi-led government. The new government is confronted with some key issues like price rise, fiscal deficit and economic slowdown.
India's economy grew 4.7 per cent in 2013/14, marking the second straight year of sub-5 per cent growth - the worst slowdown in more than a quarter of a century.
Highlights of President's address
- Country needed a strong and stable government that could provide effective leadership
- Election Mandate a Vote of Hope
- Containing food inflation biggest priority of government
- Government to increase investment in agri-infrastructure, both public and private
- Government alert to risks of sub-normal monsoon and contingency plans are being drawn up
- Government to set up IITs and IIMs in all states
- The government will be guided by the mantra of 'minimum government and maximum governance'
- Government to come out with state-specific plans for development, with focus on eastern region
- Government will come out with comprehensive energy plan and focus on improving power generation
- Modernization of Railways with focus on high-speed trains top priority of government
- Low-cost airports to be developed to improve connectivity
- Government will focus on introduction of GST in consultation of states
- Restoration of confidence of domestic and international investors
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