Prime Minister Dr. Manmohan Singh has pressed for urgent steps to boost the country's economy. Taking stock of the economy in a series of high level meetings in New Delhi yesterday, Dr. Singh said that reviving investors' sentiments will be his top priority. He also hinted at accelerating the financial sector reforms, including those in the insurance and mutual funds sectors. He said that measures have to be taken to attract capital flows to prop up the rupee. Dr. Singh has taken charge of the finance portfolio after Mr. Pranab Mukherjee resigned to contest the Presidential elections. He reviewed the state of economy in a series of meetings with Planning Commission Deputy Chairman Montek Singh Ahluwali, Prime Minister's Economic Advisory Council Chairman C. Rangarajan and top Finance Ministry officials. The Prime Minister said, problems on tax front had contributed to the sharp dip in sentiments of investors. He stressed the need to work towards making country resilient in meeting external challenges. Dr. Singh said, many challenges at domestic front also are to be addressed quickly to get the economy going again and restart the India growth story.
News On AIR | June 28, 2012 9:22 AM
PM presses for urgent steps to boost economy