FICCI's submits 100-day agenda for Govt
Submitting a 100-day agenda for the government, industry chamber FICCI urged Prime Minister Manmohan Singh to expedite reforms process.
By PTI |
NEW DELHI: Submitting a 100-day agenda for the government, industry chamber FICCI on Friday urged Prime Minister Manmohan Singh to expedite reforms process both in agriculture and financial sectors.
FICCI President Rajeev Chandrasekhar who met Singh on Friday ahead of RBI's review of its monetary policy on Tuesday said, "RBI's tightening monetary policy is not a permanent solution to tame inflation. If you (RBI) continue with this policy for two more quarters, we (industry) may fall into the realm of stagflation."
The 100-day agenda prescribed measures like stimulating investment in financial, agriculture, telecom and other sectors, including infrastructure, so that India could witness economic growth rate in double digits.
The industry body said the much-awaited reforms in insurance, pension and banking would lead to the development of India's capital markets.
Claiming that industry's confidence level has declined in the last nine months due to rising interest rates Chandrasekhar said, "Ficci has proposed a 100-day agenda for government as a prescription to restore the confidence of investors in economy and attain double digit rate of growth."
He also said the Prime Minister would be meeting Ficci officials in mid-August.
FICCI President Rajeev Chandrasekhar who met Singh on Friday ahead of RBI's review of its monetary policy on Tuesday said, "RBI's tightening monetary policy is not a permanent solution to tame inflation. If you (RBI) continue with this policy for two more quarters, we (industry) may fall into the realm of stagflation."
The 100-day agenda prescribed measures like stimulating investment in financial, agriculture, telecom and other sectors, including infrastructure, so that India could witness economic growth rate in double digits.
The industry body said the much-awaited reforms in insurance, pension and banking would lead to the development of India's capital markets.
Claiming that industry's confidence level has declined in the last nine months due to rising interest rates Chandrasekhar said, "Ficci has proposed a 100-day agenda for government as a prescription to restore the confidence of investors in economy and attain double digit rate of growth."
He also said the Prime Minister would be meeting Ficci officials in mid-August.
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