There is no trust deficit between industry, government: Pranab Mukherjee

NEW DELHI: Maintaining that there was no trust deficit between the government and industry, Finance Minister Pranab Mukherjee today said the Centre will make all efforts to implement the decisions it has taken.

Addressing CII members here, the minister said the trust deficit between industry and government might have been a "concept" in 1970's but the issue has been settled long back.

"I can assure, perhaps I can speak on behalf of the government, that no question of trust defict...we are firmly convinced that in the task of the nation building we are partners and there cannot be any trust deficit between the partners," Mukherjee said.

The government will make efforts to reach consensus on important issues, he added.

"It will be our endeavour to build broad based consensus to implement the decisions which have already been taken and confront issues that need to be addressed," Mukherjee said, adding that the government would taking "some difficult decisions" in the coming months.

The statement assumes significance against the backdrop of government suspending decision to implement foreign direct investment in multi-brand retail after strong opposition to the move, including from its own ally Trinamool Congress.

Also, the Cabinet had taken an in-principle decision in June 2010 to deregulate diesel prices along with petrol but a formal order on freeing diesel rates could not be issued under political pressure. UPA government's allies do not want diesel prices to be deregulated as it could ignite inflation.