Monday, November 04, 2024
Advertisement
  1. You Are At:
  2. News
  3. Business
  4. Manmohan Singh to address the nation on FDI tonight

Manmohan Singh to address the nation on FDI tonight

New Delhi, Sep 21: Prime Minister Manmohan Singh will address the nation tonight to explain the government's recent decisions on economic reforms which have triggered widespread political protests across the country.The Prime Minister will address

PTI Updated on: September 21, 2012 17:49 IST
manmohan singh to address the nation on fdi tonight
manmohan singh to address the nation on fdi tonight

New Delhi, Sep 21: Prime Minister Manmohan Singh will address the nation tonight to explain the government's recent decisions on economic reforms which have triggered widespread political protests across the country.




The Prime Minister will address the nation at 8pm on Doordarshan about the recent decisions on economic reforms, officials said.

Singh is expected to spell out the reasons that prompted the government to allow FDI in multi-brand retail, hike in diesel prices and put a cap on subsidy on LPG cylinders.

He is likely to cite the difficult times facing the economy and emphasise that the steps were taken to push economic growth and generate employment.

The thrust of the Prime Minister's message is expected to be that the decisions were taken in national interest.

In the Cabinet decision on September 14, Singh had said the step was intended to “bolster economic growth and make India a more attractive destination” for foreign investment.

“I believe that these steps will help strengthen our growth process and generate employment in these difficult times,” he had said and sought support of “all segments of public opinion” for this.

The decision to go ahead with FDI in multi-brand retail has evoked angry reactions from Trinamool Congress which has decided to quit the UPA government.

UPA's outside allies like Samajwadi Party and JD-S as well as opposition parties are also agitated over the decision and had organised a nationwide bandh on Thursday.

Advertisement

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business

Advertisement
Advertisement
Advertisement
Advertisement