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February 19, 2001
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Highlights of the President's address to Parliament

Following are the highlights of President K R Narayanan's address to the joint sitting of Parliament on the opening day of the Budget session.

  • Ambitious target of 9 per cent annual growth to be set for the next 10 years to double per capita income and halve poverty.
  • Consensus on economic reforms needs to be broadened and strengthened.
  • Software exports to touch $50 billion by 2008.
  • To reverse the stagnation in farm sector productivity and efficiency should be increased.
  • A national mission on technology education to be set up.
  • Private sector must assume greater public responsibility.
  • Public sector needs to focus more on achieving results in a highly competitive market.
  • Reforms in power sector crucial for achieving ambitious growth target.
  • 10,000 MW renewable energy proposed over the next 12 years.
  • Government to chart out a long-term policy for petroleum and natural gas sector.
  • Specific steps being taken to further raise indigenous crude oil production.
  • Government to allow private sector participation in coal mining.
  • Coal India to be strengthened by facilitating joint ventures.
  • New Drug Policy being finalised.
  • Nine new Export Zones to be set up.
  • The Khadi and Village Industries Commission to be restructured and modernised.
  • Government to increase large scale investment in labour-intensive industries.
  • National Disaster Management Authority proposed.
  • 'Communication Convergence Bill' to respond to emerging IT scenario.
  • Programmes drawn to double the intake of students in IITs by 2002 and treble by 2003.
  • Political parties should arrive at consensus for the passage of Women's Reservation Bill.
  • Incentives and disincentives to be evolved to control population.
  • Action against terrorism to continue relentlessly.
  • Northeastern states asked to carry out effective decentralisation, strengthen democratic institutions and avoid leakage of public funds.
  • New Health Policy to be unveiled to achieve 'Health for All'.
  • Government to engage with Bush administration in US to foster stronger ties.

SEE ALSO:

Removal of QRs not to hit farming: President

The full text of the President's address to Parliament

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