New Delhi: Prime Minister Manmohan Singh has said that any fresh subsidies for oil marketing companies to bring down fuel prices would only increase the government's budgetary burden, which eventually could aggravate the inflationary pressures even further.
"If the (fuel) prices go up, we have to either raise domestic prices or absorb the increased cost in asking the oil marketing companies to subsidise other elements of the petroleum sector, or from the budget we give additional subsidies," the Prime Minister said.
".... further subsidies can only aggravate the budgetary problem, and if the budgetary problem gets aggravated, inflation will again raise its ugly head," Singh said during his interaction with journalists yesterday while returning from the SAARC summit in Maldives.
Singh said that one of the reasons for inflation becoming a major problem that concerns "everybody is the rise in prices of fuel products."...
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06:35 PM, Nov 13, 2011
This week on The Week That Wasn't, Cyrus Broacha brings the funny side to the SAARC Summit and TMC's demand for a roll-back in fuel prices. ...
12:15 PM, Nov 13, 2011
On Board Air India One: Prime Minister Manmohan Singh returned from Maldives on Saturday night where he attended the SAARC Summit and held a bilateral meeting with his Pakistani counterpart Yousuf Raza Gilani. The Prime Minister stood firm on the issue of the petrol hike, saying subsidies are already unsustainable. "One reason why inflation has become a problem, and this is concerning everybody, is the rise in prices of fuel...
07:19 AM, Nov 13, 2011
Suhasini Haidar: Hello and welcome to this special edition of Worldview with me Suhasini Haidar, coming to you from the Maldives where the entire South Asian leadership has gathered for the SAARC summit. Ahead on the show we will be taking closer look at some of the important meetings specially the one between India and Pakistan , also the role of Afghanistan and later in the show we will speak ...
11:29 PM, Nov 12, 2011
Addu (Maldives): Recent measures to normalise trade between India and Pakistan are encouraging signs towards the realisation of a 'new silk road' connecting south and central Asia, a US official said on Friday. Robert O Blake the Assistant Secretary of State for Southern and Central Asian Affairs said that the concept of making Afghanistan a hub of economic activity will provide an 'alternative to insecurity and extremism'. Blake was speaking...
08:18 AM, Nov 12, 2011
In an exclusive interview with CNN-IBN, Sri Lankan President Mahinda Rajapakse said India is the most preferred investor. ...
03:41 PM, Nov 11, 2011
Former Pakistani President Pervez Musharraf says the current talks between India and Pakistan have the backing of the Army. ...
08:06 AM, Nov 11, 2011
Maldives: India and Pakistan have declared a new chapter in their relationship, after the Prime Ministers of the two countries met on the sidelines of the SAARC Summit. Indian Prime Minister Manmohan Singh called Pakistani Prime Minister Yousuf Raza Gilani a man of peace, although there was no breakthrough on terror. There were tight handshakes and warm words as Manmohan Singh and Yousuf Raza Gilani came together for a meeting...
07:35 AM, Nov 11, 2011
Both Manmohan Singh and Gilani vowed to open 'a new chapter' in bilateral ties by putting accusations and counter-accusations to an end. ...
10:45 PM, Nov 10, 2011
Suhasini Haidar: Hello and welcome to this special edition of Worldview with me Suhasini Haidar, coming to you from the Maldives where the entire South Asian leadership has gathered for the SAARC summit. Ahead on the show we will be taking closer look at some of the important meetings specially the one between India and Pakistan , also the role of Afghanistan and later in the show we will speak ...
04:20 PM, Nov 10, 2011
Addu (Maldives): Prime Minister Manmohan Singh met his Pakistani counterpart Yousuf Raza Gilani on the sidelines of the SAARC summit on Thursday. Sources say terror and trade dominated the bilateral talks between the leaders on both the nations. According to sources, Gilani made a strong pitch for Singh's visit to Pakistan. Singh's visit to the neighbouring country has been delayed after the 26/11 terror attacks and souring of the relations...
11:15 AM, Nov 10, 2011
Addu: Prime Minister Manmohan Singh on Thursday met his Pakistani counterpart Yousuf Raza Gilani in Addu to give a push to normalisation of bilateral relations marked by "shrinking" trust deficit. The meeting on the sidelines of the 17th SAARC summit comes a week after Pakistan took a path-breaking decision to confer MFN status to India 16 years after it got a similar treatment from New Delhi and the return of...
10:16 AM, Nov 10, 2011
Indian Prime Minister Manmohan Singh and his Pakistani counterpart Yousuf Raza Gilani are expected to discuss the Most Favoured Nation status and growing trade when they meet on the sideline of the SAARC summit on Thursday. ...
09:17 AM, Nov 10, 2011
Prime Minister Manmohan Singh and Pakistan's Prime Minister Yousuf Raza Gilani are to meet on the sidelines of the SAARC summit to discuss the reconstruction of Afghanistan. ...
08:58 AM, Nov 10, 2011
Addu: As Prime Minister Manmohan Singh meets Pakistan's Prime Minister Yousuf Raza Gilani on the sidelines of the SAARC summit in Maldives on Thursday, the atmospherics seem right. External Affairs Minister SM Krishna on Wednesday said "animosity is in the past" and Pakistan's Foreign Minister Hina Rabbani Khar had said "this relationship is on the right track. Better than ever in the past." But while building the next steps in...
07:09 AM, Nov 10, 2011
Prime Minister Manmohan Singh arrived on Wednesday on a four-day visit to Maldives during which he will attend the SAARC Summit and have a meeting with his Pakistani counterpart Yousuf Raza Gilani. ...
04:33 PM, Nov 09, 2011
Addu: India and Pakistan on Wednesday acknowledged that the trust deficit between them was "shrinking" and termed terrorism as a threat to both countries. The common acknowledgement came as External Affairs Minister SM Krishna met his Pakistani counterpart Hina Rabbani Khar, a day before the meeting of the prime ministers of the two countries on the sidelines of the SAARC summit. During the meeting, both leaders discussed issues of bilateral...
12:53 PM, Nov 09, 2011
Onboard Special Aircraft: Striking a positive note ahead of the Indo-Pak Prime Ministerial meeting, India on Wednesday said the trust deficit with its neighbour was "shrinking" and there was a very positive atmosphere. Talking to reporters on his way to Maldives to attend the SAARC summit, External Affairs Minister SM Krishna said he was very optimistic about the forward movement during the meeting as the "trust level has gone up...
11:11 AM, Nov 09, 2011
Addu: The Maldivian island of Addu is the latest exotic location for a meeting between the Indian and Pakistani leadership. Yet as Prime Minister Manmohan Singh prepares to meet Pakistan's Prime Minister Yousuf Raza Gilani ahead of the SAARC summit, the challenge is no longer getting talks back on track, but making headway on the issues between them. Sources told CNN-IBN the two leaders hope to focus on the 26/11...
09:31 AM, Nov 09, 2011
Gan (Maldives): Ahead of the bilateral meeting between the Prime Ministers of India and Pakistan, their foreign secretaries met on Tuesday and agreed that "stable, normal and predictable" bilateral ties were in their interest and the region. Foreign Secretary Ranjan Mathai met his Pakistani counterpart Salman Bashir as officials from the SAARC group of nations began arriving for the two-day summit that begins on Thursday. Mathai and Bashir expressed satisfaction...
10:26 PM, Nov 08, 2011
