Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Indian economy about to take-off
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
Partial dismantling of subsidies, movement towards a more transparent policy on natural resources and moves to make India more inviting for foreign investors, are some of Modi government's big achievements.
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