President praises govt for steps to bring in more FDI

Tags: News
President Pranab Mukherjee today praised the NDA government at the centre for taking steps to bring in more FDI into the country.

"A sustained average growth rate between eight to nine per cent is required to address the issue of poverty alleviation in the country," Mukherjee said at the AGM of Indian Chamber of Commerce here.

He said that to meet that target, the gap between domestic savings and domestic investment would have to be bridged.

"To meet the investment requirements, the role of investment surplus countries come into play.

"I am glad that the government is fully aware of this and has taken appropriate steps in that regard", Mukherjee said.

The president, who described himself as an important player in the policy making process two years ago, said his constitutional obligations now prevented him from making statements.

"Now others speak, I listen", he said.

He also stressed on the need for improvement in both physical and social infrastructure, as well as development of skills of the youth for taking advantage of the demographic dividend.

On GST, he said that the states would have to come on board and develop an appropriate mechanism for its implementation.

EDITORIAL OF THE DAY

  • Demonetisation is going to test PSU banks and their claims of efficiency

    FOR years, attempts have been made at consolidation in the public sector banks space, without much success.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

<b>Disequilibrium:</b> The Looking glass war

In the looking glass war, where bitter adversaries - Ratan ...

Urs Schoettli

japan’s trump card

Like most, the Japanese, too, were surprised by the election ...

Rajgopal Nidamboor

Soul consciousness and reason

The soul, in the philosophical writings of ancient Greece, has ...