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Manmohan to resign
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Ruling out third term for himself, Indian Prime Minister Manmohan Singh said on Friday that he will hand over charge to a new Prime Minister after the elections in a few months and said that “We will announce the Congress PM candidate at an appropriate time”Addressing media persons in New Delhi, Prime Minister Manmohan Singh began his press conference by wishing a happy new year.
This is the second full-fledged news conference by Manmohan Singh during the UPA-II and third in his entire tenure.
He said "we are set for better times".
"The cycle of global economic growth is heading for better. India's growth momentum will revive," Prime Minister Manmohan Singh said.
"We did not do well in the assembly elections. We will learn our lessons," the PM said.
“Corruption charges against government relate to UPA-I and people of the country have not heeded to those charges and given us a second term. I insisted that spectrum and coal block allocation be done through auction. When history of this period will be written, we will come out unscathed,” he said.
Rahul Gandhi has outstanding credentials to be nominated as Congress's PM candidate.
Highlights of PM's speech
"We will reflect on the results of assembly elections and learn appropriate lessons,
All emerging economies including India faced slowdown in the past couple of years,
No individual or authority can substitute the due process of democratic governance,
India will continue to invest in its defence and security,
We will continue to seek better relations with our neighbours,
It will be our endeavour to better long-term and beneficial relations with global player," (The Times of India)
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