The Finance Minister Mr. Pranab Mukherjee has called upon the trade unions to come out with a viable mechanism for the revival of the sick industries in the country. Inaugurating the 29th plenary session of the INTUC in Kochi this afternoon, Mr. Mukherjee reiterated that the policy of the government is to strengthen the public sector. He pointed out that earnings from divestment of public sector shares are not used to meet revenue expenditure but invested in the separately managed National Investment Fund.He clarified that only earnings from efficient fund management are being utilized for specific public utility services like health, education and old age pension.He said, the government has committed that before the end of the 11th plan, every hamlet in the country will be brought under the Integrated Child Development Services scheme to ensure nutrition to all children up to the age of 16 and pregnant women.
News On AIR | October 10, 2009 4:50 PM
Pranab reiterates government policy to strengthen public sector