With­drawAim­ing at State­ment near-8% or GrowthFace Le­gal Ac­tion, Chandy Tells Achuthanan­dan

The Economic Times - - Pure Pol­i­tics -

With a nor­mal mon­soon be­ing fore­cast, the gov­ern­ment will push for near-8% growth in the cur­rent year and lift it fur­ther over the medium term. “If we get a good mon­soon – hope­fully we will – our growth would be to­wards the up­per band of 7-7.75% pro­jected in the Eco­nomic Sur­vey,” Das said. “Our fo­cus is to main­tain growth and try and im­prove and reach 8% and then ex­ceed it.”

The key in­stru­ment to achieve that, Das said, was an em­pha­sis on im­ple­ment­ing Bud­get pro­pos­als with high­ways, ir­ri­ga­tion and rail­ways along with pub­lic sec­tor en­ti­ties lead­ing the way.

The depart­ment of eco­nomic af- fairs has writ­ten to all min­istries for speedy im­ple­men­ta­tion of Bud­get an­nounce­ments, crit­i­cal to this be­ing cap­i­tal ex­pen­di­ture, es­pe­cially on rail­ways, high­ways Kochi:and agri­cul­ture.Ker­alaChief“Fo­cusMin­is­ter­is­now Oom­menon­im­ple­men­ta­tionChandy­hasthreat­ened­ofBud­getto ini­ti­atean­nounce­ments,”legalac­tion again­stDas­said,the ad-op­po­si­tiond­ingth­atlead­er­for­eignVSAchuthanan­dandi­rect­in­vest­for­ment­mak­ing(FDI)false­has state­mentshitarecord­aboutand him.gov­ern­men­tWiththewil­l­elec­tions­do­moreroundto im-the cor­ner­proveeasethe­waro­fof­do­ing­words­busi­ness.be­tween­the lead­ers“Thei­dea­has­in­ten­si­fied.istop­ut­more sec­tors Itun­derisinthis­the­con­tex­tau­to­mat­ic­thatChandy­route­and­has said­whereverAchuthanan­dan­pos­si­ble,ef­for­tis­spread­ing­would lies­be­toabout­make­him.it­moreAchuthanan­danand­more­said­prothere­cess­driven,”were31­cas­esDas­said.pend­ing against ChandyThiswill­intheen­sure­court.thatIna press­few­er­state-pro­ment,pos­al­sChandy­come­said­totheAchuthanan­danFor­eignIn­should­vest­ment­providePro­mo­tion­the­casede­tail­sBoard­toall. “(FIPB)Thetruth­for is­ap­proval.thatthere is not even a sin­gleIn­the­case­last­pend­in­ground­ofa­gain­stFDIre­forms,me,”he the gov­ern­ment had raised the overseas in­vest­ment limit for sec­tors­said.suchHeaskedas­de­fenceAchuthanan­danand­civilav-to ia­tion­with­drawwhilethep­uttingstate­ment­manyan­dother­sapoloongise.theHeau­to­mat­ic­saidthat­ifroute.some­one files a pe­ti­tion“Fo­cus­in­wouldthe­court­beonor lodgesto­fast-atrack­comFIPB­plaint­pro­cessinthe­p­o­lice­fur­ther,sta­tion­lib­er­al­isa-it­can­not tion­be­treated­ofth­easFDIa­case.pol­icy and putting moreA­ca­seit­emsstart­son­withthea­nau­to­mat­icFIR.Heaske­droute”Achuthanan­dan­tomakeIn­di­a­toan­pro­duceeven­moretheFIRat­trac­tiveinany­onein­vest­ment­case.Theop­po­si­tion­des­ti­na­tion.lead­erForhadonce,said­thethatis­suearound­ofret­ro­spec-131cases tivew­ere­tax­a­tion,reg­is­teredaa­gain­st­bug­bearthe­of18over-cabiseasnet­min­is­tersin­vestors,in­wastheChan­dyno­traised­mi­nis-by thosetry.Chandy­at­tend­ing­pointed­out­thethat­sum­mits,on­ly­one DasFIR has­said.been filed against a Cabi­net min­is­ter“In­di­asen­ti­men­tandthat­was­con­tin­ue­sagain­st­theto­be­fivery­nan­ce­pos­i­tive…min­is­terKamid­stMMani.global head­winds,”But­this­casehe said.has­been“In­di­aprobe­dis­notby on­lytheVig­i­lancere­main­ingde­part­ment.afloat­butTheal­sode­per­form­ing­part­men­thaswell.sub­mit­tedS­cep­ti­cismthere­por­tis­some­thinginthe­court.one does not see at all.”

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