Industry body cheers UPA victory, hopes for reforms

Industry body cheers UPA victory, hopes for reforms
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First Published: Tue, Jul 22 2008. 08 36 PM IST
Updated: Tue, Jul 22 2008. 08 36 PM IST
New Delhi: With the confidence vote passed by the 14th Lok Sabha, Ficci is looking forward to a wave of reforms some of which were held back in the past due to the ideological concerns of the Left.
“We expect that in the next three months some major bills pending in Parliament will also be pushed through including Pensions Bill, Banking Reforms Bill,” said Ficci president, Rajeev Chandrasekhar.
“We will be proposing to the Prime Minister tomorrow a 10 point agenda to move the reforms efforts forward in a major way,” he added.
“Once these flurry of reforms are undertaken, the confidence level which had been dropping over the last three quarters in the Business Confidence Survey of Ficci will bottom out and will put the economy back into a growth trajectory”, Chandrasekhar added.
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First Published: Tue, Jul 22 2008. 08 36 PM IST
More Topics: Trust Vote | UPA | FICCI | Left | Economy and Politics |