That is one of the imporant achievement of this UPA Government, which no one can deny. Many people here, many gloomy prophets, forecasted that the Indain economy is having a skyrocketing of inflation; that inflation is not going to be controlled; that there will be two-digit and three-digit inflation and all that. But what has happened? After it reached a peak of 13.2 per cent, this Government, through its judicious monetary and fiscal policies, was able to bring inflation down to 5.2 per cent. This will even be reduced in due course of time and price stability is going to be the hallmark. It is likely to be in the range of three to four per cent. Therefore, all the gloomy forecast of these people have been nullified and falsified. There was a talk about the public sector today. I feel that the public sector of India today is the pride of the nation and a large number of public sector undertakings which were making losses have now become profit-making enterprises today, thanks to the policies taken by the Government. Therefore, there are many things to be said about the Interim Budget but at the same time, I would like to tell the Government that the job losses caused by the recession in the IT industry is an important area where we have to do a lot because many of our boys and girls who have gone to the USA and other countries. Are coming back to India and they would find it difficult to find a job here. Hence, we should devote separate attention on this. People were talking about poverty, unemployment, illiteracy, low heath, etc. Which are all fundamental issues and that cannot be solved now. One important approach that the Government has to adopt is that all these schemes relating to these fundamentals issues must be entrusted to the States and the local bodies.
