Sunday, January 1, 2012

This year was difficult one-2011:PM

Dr MM Singh said, "The year that has just ended was a very difficult year for the world" and in this regard cited the economic crisis, socio economic tensions, "political upheavals in many developing countries" and "a revolution of rising expectations fostered by the extraordinary reach of the electronic media and the connectivity provided by new social networking platforms."
These issues kept governments around the world "on their toes", he said, adding that "we in India have had our share of problems."
Talking in the context of India specifically, Singh said the economy slowed down, inflation edged up and "concern about corruption moved to the centre stage".
Counselling against despondency, he said, "we must address the new concerns that have arisen while remaining steadfast in our commitment to put the nation on a development path which ensures rapid, inclusive and sustainable growth".
"I want to assure you all on this New Year's day that I personally will work to provide an honest and more efficient government, a more productive, competitive and robust economy and a more equitable and just social and political order."
Singh, who was one of the architects of liberalisation initiated in 1991, said that process was aimed at freeing the citizens from the "dead weight" of bureaucracy and corruption.
"...Old forms of corruption have vanished, new forms of corruption have emerged which need to be tackled. Elimination of corruption is critical to support genuine entrepreneurship," he said, adding "It is also the demand of the ordinary citizen who encounters corruption all too often in everyday transactions with those in authority.

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