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dated February 10, 1959: Third Five-Year Plan

President Rajendra Prasad, addressing both the Houses of Parliament at the commencement of the Budget session on February 9, declared that the principal objectives of the Third Five-Year Plan would be a substantial increase in national income, rapid industrialisation, expansion of employment on a sufficient scale and a reduction in inequalities of income and wealth. He expressed the hope that by the end of the Third Plan “a sound foundation will have been laid for future progress in regard to our basic industries, agricultural production and rural development thus leading to a self-reliant and self-generating economy.” The President disclosed that the construction of the uranium metal plant had been completed and that the first ingot of atomically pure uranium metal for the reactors was produced on January 30.

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