PM hails budget as pro-agri, pro-investment

Praising the move for development of stock markets and investment opportunities, Prime Minister Manmohan Singh says listing of more PSUs would help the sentiment. Read on...See graphics

Prime Minister Manmohan Singh on Friday hailed the Union Budget 2008-09 as pro-agriculture and pro-investment, saying the measures announced would address the problems of the critical farm sector and would lead to overall development of the economy.

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Complimenting the move for development of stock markets and investment opportunities, he said listing of more PSUs would help the sentiment.

"There are good prospects for PSUs... Markets are thirsty for good chips," he said on Finance Minister P Chidambaram's initiative for listing of more public sector companies through part divestment to unleash their potential.

The government has made a generous gesture in announcing a loan waiver for farmers.