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Economic reforms irreversible: Advani
Ahmedabad, Sept 28: A week after the privatisation programme received a setback following the supreme court order halting disinvestment in two oil PSUs, Deputy Prime Minister L K Advani today asserted that economic reforms were irreversible.
Ahmedabad, Sept 28: A week after the privatisation programme received a setback following the supreme court order halting disinvestment in two oil PSUs, Deputy Prime Minister L K Advani today asserted that economic reforms were irreversible.
"Economic reforms are irreversible", Advani said while
inaugurating the `Vibrant Gujarat Global Investors Summit'.
Advani's statement comes in the wake of set back the privatisation programme received after the apex court asked government to halt the sale of HPCL and BPCL for failing to obtain parliamentary approval.
Earlier this week, Disinvestment Minister Arun Shourie met the Deputy Prime Minister and Law Minister Arun Jaitley to discuss the fall out of the verdict.
Disinvestment Ministry is learnt to have submitted an option paper to government spelling out various alternatives before it. Cabinet Committee on Disinvestment is slated to meet early next month to chalk out its strategy.
Advani said the Indian economy was the fastest growing economy in the region and the country should be able to strengthen the process further in the future.
"Our government under the visionary leadership of Prime Minister A B Vajpayee has been implementing a carefully crafted agenda of economic reforms whose fruits are already becoming visible,” he said.
"India's prestige in the world is rising rapidly. The international community sees India as an emerging economic power", he added. Bureau Report
Advani's statement comes in the wake of set back the privatisation programme received after the apex court asked government to halt the sale of HPCL and BPCL for failing to obtain parliamentary approval.
Earlier this week, Disinvestment Minister Arun Shourie met the Deputy Prime Minister and Law Minister Arun Jaitley to discuss the fall out of the verdict.
Disinvestment Ministry is learnt to have submitted an option paper to government spelling out various alternatives before it. Cabinet Committee on Disinvestment is slated to meet early next month to chalk out its strategy.
Advani said the Indian economy was the fastest growing economy in the region and the country should be able to strengthen the process further in the future.
"Our government under the visionary leadership of Prime Minister A B Vajpayee has been implementing a carefully crafted agenda of economic reforms whose fruits are already becoming visible,” he said.
"India's prestige in the world is rising rapidly. The international community sees India as an emerging economic power", he added. Bureau Report