Govt generous to farm sector: PM
Hailing farmers as the "most important businessmen", PM said the government has been generous in its response to deal with the depression in agriculture sector while complimenting FM P Chidambaram for doing a "very good job".
By PTI |
NEW DELHI: Hailing farmers as the "most important businessmen", Prime Minister Manmohan Singh on Friday said the government has been generous in its response to deal with the depression in agriculture sector while complimenting Finance Minister P Chidambaram for doing a "very good job".
"I sincerely believe the government has been generous in its response. It is an unorthodox response. But considering the amount of depression that prevails in the agriculture sector, this is a response mechanism that is justified," Singh said in his post-Budget comments.
Analysing the measures announced by Chidambaram in the Budget, he said the government would list some more Public Sector Undertakings and noted that "markets are thirsty for good new chips.
"We have to explore all processes of enhancing our resources, including listing the enterprises in the markets," Singh said.
Listing out inflation and international recession as causes for concern, he said, "We will have to tackle both worries. There is a worry that international recession will impact the growth process. Rise in commodity prices, petroleum prices will lead to more inflation.
"So, we have to strike a balance. The Finance Minister has done a very good job. He has kept the fiscal deficit, the revenue deficit under control. Simultaneously, he has ensured if some adverse wind comes from outside the country, he has used the excise duty reductions," Singh said.
"I sincerely believe the government has been generous in its response. It is an unorthodox response. But considering the amount of depression that prevails in the agriculture sector, this is a response mechanism that is justified," Singh said in his post-Budget comments.
Analysing the measures announced by Chidambaram in the Budget, he said the government would list some more Public Sector Undertakings and noted that "markets are thirsty for good new chips.
"We have to explore all processes of enhancing our resources, including listing the enterprises in the markets," Singh said.
Listing out inflation and international recession as causes for concern, he said, "We will have to tackle both worries. There is a worry that international recession will impact the growth process. Rise in commodity prices, petroleum prices will lead to more inflation.
"So, we have to strike a balance. The Finance Minister has done a very good job. He has kept the fiscal deficit, the revenue deficit under control. Simultaneously, he has ensured if some adverse wind comes from outside the country, he has used the excise duty reductions," Singh said.
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