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Friday, October 30, 2009

Govt working on consensus to pass reforms bill:FM

New Delhi, Oct 30 (PTI) The government today sought broad political consensus to clear the crucial legislations, including the labour and the insurance bills, to push forward the reforms for returning to 9 per cent economic growth.

"We don't have the required majority in the two Houses (of Parliament) to clear the bills ... a broad political consensus is needed," Finance Minister Pranab Mukherjee said addressing the Hindustan Times Leadership Summit here today.

He said fiscal deficit must be contained and brought back to 5.5 per cent by 2011-12 from 6.8 per cent now.

Stressing on fiscal consolidation, he said the target must be to "bring back fiscal deficit within prudent limits

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