Finance Minister Pranab Mukherjee on Monday said the government has to address the high fiscal deficit, and that the country needs to return to a high growth path.
Here are the highlights of his speech after the Congress Working Committee meeting:
Here are the highlights of his speech after the Congress Working Committee meeting:
- Export, import and current account deficit has to be reduced
- On national elections we take a common approach, and in state elections we take an approach relevant to the state
- The oldest political party in the country has to take up the challenge; the situation is difficult, but we will be able to retrieve the situation
- Fortunately, international prices have started coming down, Brent Crude has come down below $100/ barrel
- I explained the situation in the overall world economy
- There are four major focus areas - Fiscal deficit, Current account defict and higher growth trajectory. I think comparison between 1990 and 2012 is not correct.
- In an economy, and a nation, there are ups and downs - but no reason to believe that we are going back to a situation that was in 1990.
- Petroleum prices were discussed, naturally nobody is happy. I explained to members of CWC that I have writer to various Chief Ministers.
COMMENTS
Advertisement
Congress Passes Resolution For Rahul Gandhi To Be Leader Of Opposition: Report PM Modi's Regard For Pranab Mukherjee Remains Undiminished, Says Daughter Congress Dissolves Madhya Pradesh Working Committee Weeks After Poll Loss Parents Gave Names Of Interns, Doctors To CBI In Kolkata Horror: Sources Who Is Jasveen Sangha, "Ketamine Queen" Charged With Matthew Perry's Death How Extreme Weather Is Leading To Rise In Child Marriages In Pakistan 80 Killed In Paramilitary Attack In Sudan OpenAI Blocks Iranian Group's ChatGPT Accounts For Targeting US Election Blinken Heading To Israel To Press Gaza Truce Track Latest News Live on NDTV.com and get news updates from India and around the world.