Click it and Unblock the Notifications
Just In
Don't Miss
-
Sennheiser Momentum True Wireless 4 Earbuds Launched in India: Check Price, Features, Availability -
Kashmera On Welcoming Govinda At Arti Singh’s Wedding: He Might Have A Problem With Me & Krushna But… -
Never Before Offer On Skoda Kodiaq SUV – Discount Up To Rs 2.40 Lakh -
103 Not Out: S Ramdas - 103-year-old CSK fan fondly called 'Senior Valiban' - aspires to meet MS Dhoni -
CBSE Board Result 2024 expected to release soon: Know When and How to Check CBSE 10th & 12th Results -
Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak -
Exclusive: On World Malaria Day 2024, Dr Shares Danger Signs Parents Must Watch Out For In Child With Malaria -
Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
Days not far off when India's economy will be among top 5: President Pranab Mukherjee
The Winners of SCOPE Meritorious Awards are HPCL, PFC, HAL, WAPCOS, NALCO, REIL, SAIL, REC, GAIL & NTPC.
New Delhi, April 11: President Pranab Mukherjee on Tuesday said days are not far off when India's economy will be among the top five in terms of absolute value and several glorious chapters will be added to the country's PSUs in the future.
The President highlighted that major changes were brought in 1956, 1973, 1980 and finally 1991, which is considered as the beginning of the era of liberalisation, as a result of which "the Indian economy unleashed its potential and today it is emerging as the first among the emerging economies".
[8th Public Sector Day: President Pranab Mukherjee presents SCOPE Awards]
"Days are not far off when Indian economy will be considered, I am not merely talking from purchasing power of parity, we are already third (in that), but even in terms of absolute value, Indian economy will be in the first 3,4,5 countries...It is reachable," Mukherjee said.
Addressing an award function to honour outstanding central public sector enterprises (CPSEs), the President expressed a strong belief that India's public sector story has not ended, it is unfolding slowly and many more glorious chapters will be added to its credit in the years to come.
He said it would "not be appropriate" to prophesise the opinion that he is "the product of that regime which strongly believed in the public sector," because his Ministerial career of 35 years is almost equally divided in the pre-liberalised and post-liberalised eras.
Besides, addressing the awards function organised by SCOPE, Union Minister for Heavy Industry and Public Enterprises Anant Geete said that in the last few years, the country's public sector enterprises have been facing the toughest competition from China.
He said that the government is taking a somewhat "bitter decision" to shut down CPSEs which we are unable to run, so that people's money can be utilised for their own progress. CPSEs, including Rural Electrification Corporation, NALCO, Mineral Exploration Corporation Limited, ONGC Videsh Ltd, ECIL and GSL got awards in the Institutional Category.
The Winners of SCOPE Meritorious Awards are HPCL, PFC, HAL, WAPCOS, NALCO, REIL, SAIL, REC, GAIL & NTPC.
PTI
