Govt committed to reach 8 % growth rate: Sinha
New Delhi, Dec 3
Finance Minister Yashwant Sinha today assured the Lok Sabha that the government is committed to reach the target of seven to eight per cent growth rate and generate ten million jobs a year.
Replying to Sushil Kumar Shinde during the question hour, the finance minister said steps were being contemplated to achieve this target include setting up of an expenditure commission, reforms of banks and financial institutions, a programme of rural connectivity, a national health and water policy, renewed thrust on information technology and promoting efficiency of investments in the infrastructure sector.
'Growth with employment and equity' was the main theme of the second phase of reforms, he explained. Replying to supplementaries, Sinha assured that while executing the second phase of economic reforms, the government would ensure that the interest of the workers are not jeopardised.
He admitted that the first phase of economic reforms, initiated in 1991, did not generate much employment. 'Our target is to generate a greater number of self-employment opportunities,' he added.
Similarly, to achieve the target of ten million jobs per annum, the service sector was being advanced, he explained. Asked if the government was contemplating to denationalise the coal sector, Sinha said some amendments to the relevant act were under consideration.
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