-The Hindu Centre not on same page as Kelkar, but puts the report in public domain for “informed debate” The Manmohan Singh government on Friday put the Kelkar Committee report in the public domain for an “informed debate” as the measures prescribed for return to a path of fiscal consolidation appears to have failed to take into account the political and social ramifications. In an indication that the Government is not on the...
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A claim to shame -Sitaram Yechury
-The Hindustan Times In response to the widespread protests and the nation-wide hartal last Thursday, Prime Minister Manmohan Singh addressed the nation on Friday and tried to explain why these decisions had become inevitable. The thrust of his argument was, “We need a revival in investor confidence, domestically and globally.” For this, the current high fiscal deficit must be contained and, hence, the hike in the prices of diesel and cap on...
More »Oil PSUs: Decoding the math of loss or under-recovery and what it means-Avinash Celestine
-The Economic Times How right was the government when it stated that the under-recoveries posed a threat to 'our national economy'? Or when the government says that it gave more to the sector in the form of subsidies than it earned as fuel taxes? The government would also like you to believe that the under-recoveries, dependent as they are on the price of crude in the international market, and the exchange...
More »Don’t cut subsidy for PDS sugar, says Karunanidhi
-The Hindu Wants State to reduce VAT on diesel DMK president M. Karunanidhi on Sunday advised the Centre against taking any decision, including divestment of public sector undertakings, in the name of generating revenue that would severely affect the poor and middle class. In a statement here, he said the Centre should not go ahead with its proposals to cut the subsidy for sugar meant for public distribution system. “There are reports the government...
More »PM tells nation: Trust me on reforms, I will deliver
-The Hindustan Times Prime Minister Manmohan Singh on Friday strongly justified the hard economic decisions he had taken recently and asked the common man for support so that he could repeat his 1991 act - rescuing Indian economy from being at the bottom of the heap. "I promise you that I will do everything necessary to put our country back on the path of high and inclusive growth," he said during his...
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