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Monday, November 30, 1998 |
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New Delhi, Nov 29 (PTI) The BJP today said there was no threat to the government with Prime Minister Atal Behari Vajpayee asserting that he was prepared to face any challenge from the Opposition, including a trial of strength in Parliament in the wake of partys debacle in the recent Assembly elections. "Our allies have reaffirmed their support and together we will convert the challenge posed by the Assembly election results into an opportunity", a statement issued by the party after the parliamentary board meeting said. Earlier, addressing the executive of the parliamentary party, the Prime Minister said: "We are prepared to prove our majority," and cautioned that all opposition groups were likely to be united in demanding the resignation of the government on moral grounds. Mr Vajpayee told the meeting that the poll results were "against the partys expectations," and it would introspect on the reasons for the debacle. Briefing newspersons on the parliamentary board meeting, party spokesman Venkaiah Naidu said the party felt that the anti-incumbency factor, coupled with the emotive issue of price rise, had played a key role in the partys defeat and said the Congress had gained by a negative vote by conducting a virulent campaign on this emotive issue. Mr Naidu said the rise in price of essential commodities and vegetables, especially onions, in the last six months resulted in a negative vote against the party, but denied that it was a referendum against the Centre or a vote against misgovernance. He said the party nonetheless graciously accepted the peoples verdict and dedicated itself to the task of fulfilling the duties of a responsible and alert opposition party in these four states. Mr Naidu said a full review of the election results will be undertaken after voting details and patterns were available. The partys central office bearers will meet in the Capital on December 7 and analyse the results which will be followed by a meeting of the national executive on December 19 and 20. The party would identify the aspects with regard to improving the performance and the government at these two meetings, he said. Mr Naidu said state units
have been asked to hold meetings to analyse the factors
responsible for the defeat and provide proper inputs to
the central leadership to enable it to analyse the
electoral reverses suffered by the party. |
NEW DELHI, Nov 29 (PTI) Prime Minister Atal Behari Vajpayee today asserted that the current "volatility in Indian politics" will not derail the reform process and outlined a 12-point medium term economic agenda to achieve 7 to 8 per cent growth. "Whatever is happening now is a sign of vibrancy of the Indian democracy...do not be overly influenced by the democratic drama of the day", Mr Vajpayee said in an obvious reference to the BJPs reverses in the assembly elections. "I would like to assure you that volatility in Indian politics will have no fundamental impact on the process of economic reforms in the country", he said opening the three-day India Economic Summit. "The reform process has become irreversible. Indeed, my government has depoliticised the economic agenda", he told the summit organised by the World Economic Forum and Confederation of Indian Industry. Stating that governments agenda was to "catalyse" large flows of foreign and NRI investment in priority areas, Mr Vajpayee asked foreign investors to look at Indias inherent strength. "The huge business opportunities will grow irrespective of political vagaries". Outlining the 12-point agenda, the Prime Minister said the government would rein in fiscal deficit, increase domestic savings to 30 per cent of the GDP, remove infrastructure bottle-necks and strengthen financial and banking sectors by making them more transparent and accountable. In preparing India to face the challenges of full liberalisation and globalisation, Mr Vajpayee said his government will create policies to achieve a 7 to 8 per cent GDP growth through a strategy that ensures low inflation and high employment generation. He said the financial and banking sector would be strengthened by introducing transparency, accountability and non interference by the government. Fiscal deficit would be reined in through a combination of measures like expenditure control and increased revenue buoyancy, he said. Public sector enterprises would be productively restructured, he said adding that infrastructure constraints would be addressed and high priority accorded to promotion of information technology. Sustainable agricultural growth and creation of widespread rural prosperity would be encouraged by promoting massive private investments in agriculture and agro processing industry, he said. While stating that domestic savings would be stepped up to 30 per cent of the GDP, Mr Vajpayee said high long term export growth would be encouraged to increase Indias share of world trade. Attempts would be made to
strengthen "our negotiating skills in settling trade
disputes and representing our interests in trade
fora", he said. |
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