Manmohan accepts govt failed to check inflation
21 Jan 2013 7:40 AM IST
While addressing the AICC meet, after the two-day Chintan Shivir , Prime Minister Manmohan Singh on Sunday said that the handling of the issue of inflation had been a major drawback for the UPA government, but this year it will focus on easing oil price rise.
Focusing on the election for 2014, he said that the party would be concentrating on people from across sections of the society with special emphasis on ‘aam aadmi’ as well.
While he said inflation had been one of the big shortcomings in UPA’s tenure. ‘During their regime the average rate of inflation has remained higher than we desired,’ said Singh. He attributed one of the major reasons for this increase in petrol prices to the rise in price in the international market during the last eight years and the benefit extended to farmers by increasing the minimum support price for crops.
‘We need to take sold steps to eliminate inflation, especially in 2013-14,’ he said.
While drawing out comparisons between the NDA and UPA regime, Singh said that the growth rate during the six years of previous NDA regime was 5.8 per cent, while the UPA’s eight year rulehas seen it rise 8.2 per cent per annum.
Singh said that the present Congress-led government had also been successful in eliminating poverty and improving agricultural growth.
Condemning the brutal Delhi gang rape incident, the PM said the country had to move ahead a long way to provide women with equal social and economic equity. ‘We should not forget that women are half of our population and their contribution to development and prosperity is necessary,’ the Prime Minister said.
Focusing on the election for 2014, he said that the party would be concentrating on people from across sections of the society with special emphasis on ‘aam aadmi’ as well.
While he said inflation had been one of the big shortcomings in UPA’s tenure. ‘During their regime the average rate of inflation has remained higher than we desired,’ said Singh. He attributed one of the major reasons for this increase in petrol prices to the rise in price in the international market during the last eight years and the benefit extended to farmers by increasing the minimum support price for crops.
‘We need to take sold steps to eliminate inflation, especially in 2013-14,’ he said.
While drawing out comparisons between the NDA and UPA regime, Singh said that the growth rate during the six years of previous NDA regime was 5.8 per cent, while the UPA’s eight year rulehas seen it rise 8.2 per cent per annum.
Singh said that the present Congress-led government had also been successful in eliminating poverty and improving agricultural growth.
Condemning the brutal Delhi gang rape incident, the PM said the country had to move ahead a long way to provide women with equal social and economic equity. ‘We should not forget that women are half of our population and their contribution to development and prosperity is necessary,’ the Prime Minister said.
Next Story
