World | India
Reforms agenda to fore after Left burden lifts
With the Communists off its back, Prime Minister Manmohan Singh's government exuded confidence about fast-tracking key reforms in the coming months - a signal that is bound to go down well with the global business community.
- IANS
- Published: 23:37 July 24, 2008
New Delhi: With the Communists off its back, Prime Minister Manmohan Singh's government exuded confidence about fast-tracking key reforms in the coming months - a signal that is bound to go down well with the global business community.
"We are now more confident of carrying forward our task," Information and Broadcasting Minister Priya Ranjan Dasmunsi told reporters after a cabinet meeting.
"We will try to accelerate the unfinished tasks," he said in reply to a question.
Asked about the mood in the cabinet - the first after winning the trust vote in Lok Sabha, the lower house of parliament - Dasmunsi initially said it was a "normal" meeting. But on being prodded further, he added: "It was very good. We are very happy."
The government on Tuesday won a trust vote that was forced by Left parties' withdrawal of support to the United Progressive Alliance government.
Finance Minister P. Chidambaram had said after the vote the government was ready to push forward some major reforms, especially in the financial sector that the Left had blocked. Legislation to allow a hike in foreign equity in insurance firms, higher voting rights for foreign banks operating in the country and entry of private pension funds are some of the key areas of focus, he indicated.
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