RTTNews - In an address to the joint session of the Parliament, Indian President Smt. Pratibha Devisingh Patil said that the new Government is aiming to revive the economy through higher government spending, reported media. The president also said that the public investment in agriculture would be increased.
Patil said that the road map for GST would be vigorously followed and called for innovative steps to raise public investments. She pointed out the need to encourage foreign direct investment and said that exports would be given thrust. She said that priority would be given for reforming the coal sector.
The president also said that the PSU Banks would be re-capitalized and added that the Government's stake in the PSU would not fall below 51%. She said that the current subsidy policy would be revised.
Patil stated that the government is to increase transparency and public accountability of National Rural Employment Guarantee Act (NREGA) by enforcing social grievance redressal by setting up district level ombudsman. She said that the government aims 40% rural teledensity in 5 years. She further stated that the government would double the target for rural housing to 12 million in five years.
She also said that the Women's Reservation Bill in Parliament providing for one-third reservation to women in State legislatures and in Parliament would be passed soon and the amendment to provide 50% reservation for women in panchayats and urban local bodies also would be passed soon.
She said that the right to information would be strengthened by a suitable amendment to provide disclosure by government in all non-strategic areas. She said that the food security law would be enacted whereby every family below the poverty line will get 25 kg of rice or wheat per month at Rs.3 a kg.
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