CCTV.com - CNTV English - CCTV News

Indian PM urges people to back economic reform

09-22-2012 01:12 BJT

NEW DELHI, Sept. 21 (Xinhua) -- Indian Prime Minister Manmohan Singh on Friday appealed to the Indian people to support economic reform, saying time has come to make hard decisions.

In a televised address to the nation, Singh said his government does not want to impose burden on common people with "some important economic policy decisions" made over the past one week, including opening up retail market to foreign investment and hiking diesel price.

"The time has come for hard decisions. For this I need your trust, your understanding and your cooperation," he said, vowing that more and tougher reform measures are to come.

"Please do not be misled by those who want to confuse you by spreading fear and false information. The same tactics were adopted in 1991. They did not succeed then. They will not succeed now," said the prime minister in reference to the liberalization measures adopted by the Congress party in 1991 which paved the way for the country's economic reform for the first time since Independence.

The Indian government has decided to open up retail sector, aviation and broadcasting market to foreign investment, soon after announcing diesel price rise and capping supply of government subsidized gas cylinders to households to reduce budget deficit.

The oppositions and Congress's ally, the Trinamool Congress, protested the measures with a nationwide strike Thursday and the latter pulled out of the Congress-led ruling coalition.

 

Editor:Zhang Dan |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program