Manmohan blows growth bugle, rolls out reforms
The UPA government might shortly open up labour market, undertake land reforms and go ahead with job reservations in private sector.india Updated: Apr 19, 2006 01:25 IST
The short-term reform agenda is ready. The UPA government will shortly open up labour market, undertake land reforms and go ahead with job reservations in private sector.
Prime Minister Manmohan Singh hinted at action on these three major operational issues on which a national consensus is yet to be evolved.
Inaugurating the two-day CII annual summit, Prime Minister was confident of forging a national consensus to open up labour market, undertake reforms and induce flexibility in hiring and firing of workforce by the corporates.
He conceded that currently there was no consensus on this crucial issue. But he assured corporate honchos that labour reforms would definitely be ushered in shortly.
Conceding that the UPA government was handicapped due to lack of consensus, the Prime Minister said, “We will be able to impart a measure of flexibility to the labour market situation in the years to come.”
However, he asked the industry to improve the working conditions of its employees which would eventually lead to higher productivity, also enhancing the profit margins.
The Prime Minister has also assured that a national consensus would be evolved on land redistribution, tenancy reforms and improve the asset base of rural poor to induce faster industrial development.
While conceding that land reform was a state subject, Manmohan Singh said evolving a national consensus was necessary on a priority basis.
Reforms in tenancy of rural poor and redistribution of land would boost rural incomes and demand for goods as well as services which was the route to faster industrial development, Manmohan Singh said.
Referring to the recent Narmada controversy, albeit indirectly, the Prime Minister favoured quick evolution of credible mechanisms that would make development cost-effective, environment friendly and least disruptive for the stakeholders. He called upon the private sector to voluntarily undertake an assessment and give representation to less privileged people while making recruitment. He asked the industry to invest in the education, skills development and providing employment opportunities to those from weaker sections.