Prime Minister Manmohan Singh has expressed confidence that his government will be able to achieve 8.5 per cent growth during the current fiscal despite concerns over high oil prices. Speaking to reporters on board special flight on his way back home from Ethiopia and Tanzania , Dr Singh said the Reserve Bank in its annual credit policy had pegged the growth for the current fiscal at 8 per cent, down from 8.6 per cent recorded during 2010-11. Referring to agriculture situation and its impact on inflation, Dr Singh said, if the monsoon is normal, it will strengthen our ability to control food inflation. On the land acquisition policy, the Prime minister said the government is committed to bring the land acquisition bill in the monsoon session of Parliament. Dr Singh said the land acquisition has become a very sensitive issue and the acquisition of prime land arouses valid concerns and they have to be addressed. He also appealed to parties not to politicise the issue. Saying industrialisation is essential for the country to solve problems of unemployment and poverty, the prime minister said land acquisition should not become an instrument of depriving farmers of their livelihood. He said India is in touch with various countries for a consensus on the possible candidates for the post of the International Monetary Fund (IMF) Managing Director. Expressing concern over the terror machine still remaining intact in Pakistan, Dr Singh asked the leadership in Islamabad to now wake up and stop jehadi groups operating from its soil to target India. Sending a message to Pakistan in the wake of the Karachi attack,Dr. Singh said its leadership should realise that the terror machine there is equally hurting them and must take more effective action against the terror groups. On possible next cabinet reshuffle , Dr. Singh said he will apply his mind to it.
News On AIR | May 29, 2011 8:56 PM
PM hopeful of 8.5% growth in current fiscal