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Saturday, April 25, 2009

I will revive economy in 100 days: PM

"There is considerable scope to refuel the stimulus packages and our aim is to take the economy back to the stage where 9% to 10% growth is possible," he said, adding that such a boost would revive confidence in the economy.

Singh was hopeful of a quick economic recovery and creation of new jobs. He said that the recovery process was being led by cement, textiles and construction
industries and these sectors would also create employment opportunities.

Singh has also added a new priority to his 100-day "to-do" list ^ bringing back black money salted away in tax havens abroad by taking whatever steps required. He, however, disputed figures being quoted by BJP leader L K Advani: "I am not denying its existence but how much in Swiss banks, how much in tax havens, nobody knows."

On opaque banks in tax havens, he said, "We argued within a group of friendly countries for absolute transparency within the banking system and an international agreement to share information between tax authorities of different countries."

The PM has pointed to India's unstable neighbourhood along with home-grown terror and said that given the international ramifications, his government would urgently modernize the security

and intelligence mechanism if voted back to power. He drew attention to the Taliban's expansion in Pakistan and linked it to a spurt in terror directed against India.
On the role of home-grown terror, he said, "We cannot say there are no links between terrorists outside and terrorists within the country." He laid emphasis on getting the basics like ground-level policing right. "Ultimately, community policing is the best way (of handling the problem)," he said.

Insisting only a Congress-led government would be up to the task of meeting the challenges, he recalled the perils posed by a government that lacked solid moorings by referring to the mortgaging of gold reserves by the short-lived Chandra Shekhar government and the success of the Congress government .

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