President last address to parliament joint sitting, budget session

NEW DELHI: Government on Monday unveiled a blueprint for guaranteeing internal and external security and economic and livelihood security as it expressed confi dence that it will steer the country back to the high growth trajectory of eight to nine percent. With the government’s image taking a knock on account of a number of scams, President Pratibha Patil listed a number of measures and said together these have the potential of bringing about a transformational change in curbing corruption and enhancing transparency and accountability in governance. In what could be her last address to Parliament’s joint sitting, the President came out with the government’s plan of action for the coming fi scal in which she expressed government’s commitment to resolve all outstanding issues with Pakistan through dialogue. But she asked Pakistan to take credible action against terrorist groups and related infrastructure on its soil. The President also supported the National Intelligence Grid and the National Counter Terrorism Centre which she said aimed to improve India’s capability to counter internal security threats. Elaborating on the fi ve “important challenges” the government faces today, Patil said the government will work to guarantee internal and external security within the framework of a “just, plural, secular and inclusive” democracy. It will also strive for livelihood security for the vast majority of the population and continue to work for removal of poverty, hunger and illiteracy, she said. Patil said government would work to achieve economic security through rapid and broad-based development and creation of productive jobs and ensure energy security for our rapid growth. She said the government will also strive to realize developmental goals without jeopardising ecological and environmental security. Touching on economy, she said the current year has been a diffi cult one for world economy and uncertainties have had an adverse impact across the globe. “There is increased political uncertainty and turbulence in the international system and the environment in which we operate has become more challenging over the last one year. “Our economy grew at a handsome rate of 8.4 percent in 2010-11, but it has slowed down to about 7 percent this year. This remains a healthy growth given current global trends,” Patil said. Asserting that the longterm fundamentals of the Indian economy remained robust, she said India’s growth prospects arise from factors such as high domestic savings and investment rates, favourable demographics, and a stable democratic polity. “My government is confi dent that it will soon steer the country back to the high growth trajectory of 8 to 9 percent,” she said. Maintaining that the government has remained committed to providing an honest and more effi cient government, she said the government has taken several further important steps towards that end. Patil said a formidable and unprecedented array of Bills has been introduced in Parliament. These include Public Interest Disclosure and Protection of Persons Making the Disclosure Bill, Prevention of Bribery of Foreign Public Offi cials and Offi cials of Public International Organisations Bill, Citizens’ Right to Grievance Redress Bill, Judicial Standards and Accountability Bill and Lokpal and Lokayuktas Bill, she said. India, she said, has also ratifi ed UN Convention against Corruption. “Together these have the potential of bringing about a transformational change in curbing corruption andenhancing transparency and accountability in governance. A comprehensive public procurement law is being formulated. The National Mission for Delivery of Justice and Legal Reforms has already been set up,” she said. On black money, Patil said, the government has initiated action on various fronts to tackle the menace. These include enactment of the Benami Transactions (Prohibition) Act, amendment of the Prevention of Money Laundering Act, setting up of a special committee to examine measures to strengthen laws to curb black money generation in the country, and commissioning of studies by independent agencies to assess the quantum of black money both inside and outside the country. “The framing of the General Anti-Avoidance Rules and Controlled Foreign Company Rules has been taken up under the proposed Direct Taxes Code. Efforts are underway to build political consensus on the Goods and Services Tax, which will give a major boost to the economy by rationalising indirect taxes and giving full input credit,” she said. The President said the government was taking many steps to contain the generation and outfl ow of illicit funds from the country and for opening channels for getting wider information on black money from other countries. These include the operationalisation of new Income Tax Overseas Units, signing of new Double Taxation Avoidance Agreements and new Tax Information Exchange Agreements and better implementation of Transfer Pricing and International Taxation provisions. To underline inclusive growth, Patil said, government will work for the early enactment of Land Acquisition, Rehabilitation and Resettlement Bill which provides for a liberal regime of compensation along with a mandatory rehabilitation and resettlement package, not only for land owners but also for those dependent on land for livelihood. In the area of internal security, Patil said, government has launched a number of measures towards development of areas affected by left wing extremism. Asserting that situation in the north-east and Jammu and Kashmir has shown considerable improvement during the last year, she said the government has shown that acts of violence can be contained with a fi rm but humane approach. “My government has always been willing to enter into dialogue with any group willing to abjure the path of violence. It is encouraging that a number of organisations have come forward seeking resolution of their grievances in a peaceful manner,” she said.