English Release 28-February 2015
- Prime Minister's Office
- Text of PM’s reaction on Union General Budget 2015 to DD News
- PM accepts resignation of Dr. R.K. Pachauri from PM's Council on Climate Change
- PM welcomes Union Budget; terms it positive and pragmatic
- PM remembers the dedication, determination and untiring efforts of our scientists on National Science Day
- Department of Atomic Energy
- Physics Utsav-2015 at Bhabha Atomic Research Centre inaugurated by Dr. Sekhar Basu, Director, BARC
- Min for Develop. of North-East Region
- Union Budget fulfills aspirations of the North-Eastern Region and J&K, say Dr. Jitendra Singh
- Min of Defence
- Admiral RK Dhowan, Chief of the Naval Staff
pays Homage to Valiant Armed Forces Personnel
at Noida Shaheed Smarak
- Ministry of Finance
- Budget 2015-16 Marks the Beginning of Co-Operative Federalism and Empowerment of the States.
- Self Employment and Talent Utilisation (SETU) to be Established
- ATAL Innovation Mission (AIM) to be Set up
- Corporate Tax to be Reduced and GST to be Implemented
- National Investment and Infrastructure Fund to be Set up
- Five New Ultra-Mega Power Projects to be Set Up
Second Unit of Kudankulam Nuclear Power Station Will be Commissioned in 2015-16
- Facilities at Cultural World Heritage Sites are to be Restored: Arun Jaitley
- Arun Jaitley Says Development Should be as Green as Possible
- Facilities at Cultural World Heritage Sites are to be Restored: Arun Jaitley
- Education Sector Allocated Rs. 68968 Cr while Rural Development gets Rs 79526 Cr in the Year 2015-16
Task Force to Establish a Sector Neutral Financial Redressal Agency to be Set Up
- Public Debt Management Agency (PDMA) to be Set Up
- Government to Launch A National Skills Mission Soon
Aiims to be Launched in J&K, Punjab, Tamil Nadu, Himachal Pradesh and Assam in 2015-16
- Forwards Markets Commission to be Merged with Sebi
- 8 Centrally Sponsored Schemes Delinked from Support of the Centre
- No Change in the Rate of Personal Income-Tax and The Rate of Tax for Companies on Income in Financial Year 2015-16
- A Trade Receivables Discounting System (TReDS) an Electronic Plateform for Financing of Trade Receivables of MSMES
- Monetising Gold
- Postal Network Spread Across the Country to be Used for Increasing Access to Formal Financial System
- Universal Social Security System for all Specially the Poor and the Under-Privileged:
- Employees Under the Employees Provident Fund(EPF) to be Provided two Options
- Shri Jaitley Announces Measures to Improve the Ease of Doing Business with
Focus to Improve Quality and Effectiveness of Activities Under MGNREGA
- Benefits to Middle Class Tax Payers in the Budget 2015-16
- ‘Act East’ Policy of the Government
- Micro Units Development Refinance Agency (MUDRA) Bank Set up for Small Enterprises
in Lending Priority was Given to SC/ST Enterprises
- Distinction Between Different types of Foreign Investments Done Away to Simplify the Procedure for Indian Companies to Attract Foreign Investment
- Jaitley’s Budget to Create Jobs through Revival of Growth and Investment with Promotion of Domestic Manufacturing and “Make In India”
- Paramparagat Krishi Vikas Yojna to be Fully Supported
- Tax Measures Announced to Promote Swachh Bharat Initiatives and Public Health.
- Finance Minister Shri Arun Jaitley Outlines Measures to Curb Black Money in Budget 2015-16
- Effective and Hassle-Free Agriculture Credit with a Special Focus on Small and Marginal Farmers
- Job Creation Through Revival of Growth and Investment and Promotion of Domestic Manufacturing and ‘Make in India’.
- Investment In Infrastructure To Go Up By Rs.70,000 Crore In Year 2015-16 Over Year 2014-15
- Black Money Bill in the Current Session
- Corporate Tax to be Reduced and GST to be Implemented;
- Eligible Donations to Swachh Bharat Kosh and Clean Ganga Fund to be 100% Deductible
- Effective and Optimal Allocation of Natural Resources and Financial Inclusion Among the Priorities of the Government Enunciated in Budget Speech
- Indirect Tax Proposals to Maximize Benefits to the Economy
- Min of Health and Family Welfare
- Budget is Pro-People, Balanced, Growth-Oriented, Inclusive and Progressive: Shri J P Nadd
- Min of Home Affairs
- Rajnath Singh congratulates Arun Jaitley
- Ministry of Tourism
- Tourist Visa on Arrival Scheme to be Extended to 150 Countries Gradually, Finance Ministe
- Min of Youth Affairs and Sports
- Sports Minister Sarbanand Sonowal congratulates Indian cricket team
Prime Minister's Office01-November, 2012 11:18 IST
|PM’s opening remarks at the meeting of Council of Ministers |
|Following is the text of Prime Minister, Dr. Manmohan Singh’s opening remarks at the meeting of Council of Ministers in New Delhi today: |
“My Cabinet Colleagues and Members of the Union Council of Ministers,
I welcome you to this meeting of the full Council of Ministers. Since a number of new colleagues have joined the Council following the recent reshuffle, I thought it opportune to convene this meeting to welcome them and also to share with all of you a few thoughts on the agenda of our Government.
The UPA Government is now in its ninth year. We should take pride in the fact that, during this time, we have notched up significant achievements in the field of social and economic policy-making. Flagship initiatives like the Mahatma Gandhi National Rural Employment Guarantee Scheme, the setting up of the Unique Identification Authority of India to provide every resident with an “Aadhaar” number to access social support services, Rural Health Mission, Jawahar Lal Nehru Urban Renewal Mission, Skill Development Mission and legislation bringing into effect the Right to Information and the Right to Education – these are only a few examples of the UPA Government’s work in order to realize its fundamental objective of inclusive growth.
We have also, during most of this time, enjoyed sustained and robust economic growth, which in turn has made possible the enhanced social sector spending necessary to support our initiatives in the fields of health, education, employment, agriculture and rural development and other vital areas.
While we should take justifiable pride in our successes, it is important to recognize that we are now also experiencing the fallout of difficult economic conditions worldwide. As a result, our growth has decelerated, our exports have fallen and our fiscal deficits are expanding. Of particular concern is the fiscal deficit, which is too high and acts as a deterrent for domestic and foreign investment. These issues have a rippling effect across the economy and on the work of many departments that are represented here. In order to have a clearer appreciation of the macro-economic picture that we are faced with, I have also requested Finance Minister Shri P.Chidambaram to share an assessment of the economic situation with us. My own view is that while we need not be unduly gloomy about our prospects, we certainly need to redouble our resolve to meet the challenges before us and rise to the task of governance.
One area that is at the top of our agenda and will require particular attention and effort at multiple levels across government is infrastructure. During the Twelfth Plan, we have set ourselves a target of realizing nearly 1 trillion dollars of investment in infrastructure sectors. To do so, we will have to overcome the constraints that currently deter or slow down this investment. Fuel supply arrangements, security and environmental clearances and financing difficulties are among these constraints. The growing gap between demand and supply of energy has emerged as a major constraint on our development. It is a major factor in widening the deficit on current account of our balance of payments as well as the fiscal deficit. It is imperative that we come to a common understanding on these issues and work out mechanisms and remedial measures that will enable us to tackle these critical deficiences on a priority basis.
Friends, I am of the firm belief that the future holds great promise for India. We can achieve the targets we have set for ourselves, provided we approach the task with courage and with conviction. I am aware that we are working against the political calendar, but we should not lose sight of the fact that we are also involved in the task of nation-building. Our responsibilities and our commitment therefore need to transcend other considerations. I have no doubt that, in the time that is available to us, each one of you will bring your best efforts to complete the unfinished task before us and extend your support to all our colleagues across government in achieving the objectives we have set for ourselves.
In addition, since a number of energetic and younger colleagues have now joined the Council of Ministers, I would also request my senior Cabinet colleagues to make full use of the capacities and capabilities of their Ministers of State by assigning them substantive tasks.
I thank you for your attention. I now invite the Finance Minister to share his thoughts with us.”
(Release ID :88752)