Rediff News
All News
News APP

NewsApp (Free)

Read news as it happens
Download NewsApp  » Election » Manmohan for reforms with human face

Manmohan for reforms with human face

Source: PTI
May 20, 2004 01:19 IST
Get Rediff News in your Inbox:

Investors need not panic as the new government will be committed to a "healthy capital market", Prime Minister-designate Manmohan Singh said in New Delhi on Wednesday.

"The policies of the new government will be to promote balanced social and economic development, responsible macroeconomic policies with strong emphasis on agriculture, employment and viable social safety net," he said immediately after being invited to form the government by President A P J Abdul Kalam.

Singh, accompanied by Congress president Sonia Gandhi, said, "Economic reforms with emphasis on human element will continue. We will give to the world and our people a model of economic reforms."

On his first priorities as PM, Singh said, "We will take the process of development forward and create new opportunities for poor and downtrodden people to participate in the development process."

The development process will be in tandem with emphasis on creation of job opportunities, he added.

Details of the new government's policies will be spelled out in the Common Minimum Programme, he said.

"We can take forward the process of social and economic development to realise the vision of Rajiv Gandhi that 21st century should be India's Century," he added.

Singh said that they had made available to the President documents with regard to the support extended to him by various political parties. The appointment letter, which he displayed for the benefit of cameramen, noted that he had the majority support in Lok Sabha.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2022 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.