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Policy | Cong panel rules out fuel price hike rollback

Policy | Cong panel rules out fuel price hike rollback
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First Published: Tue, Mar 02 2010. 11 13 PM IST
Updated: Tue, Mar 02 2010. 11 13 PM IST
New Delhi: A top level meeting of the Congress on Tuesday ruled out a rollback in the increase in indirect taxes of petrol and diesel even as two of its crucial allies clarified that there was no threat to the party-led United Progressive Alliance (UPA) government.
A core committee meeting of the Congress party, which met to discuss the political fall out of the rise of indirect taxes on petroleum products, to which the opposition as well as some of its allies have raised objections. However, according to a senior Congress party leader, who did not want to be identified, the ruling party would defend the government’s decision.
Separately, Prime Minister Manmohan Singh said “Any increase in prices does hurt some people. We have to take a long term view. We cannot save people from inflation if we follow all along populist fiscal policies”.
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Panel seeks views on funding Metro projects
New Delhi: Resurrecting the debate on the best way to fund mammoth Metro projects, the Planning Commission has sought views on whether these city railway projects should be run as equal joint ventures between state and Union governments, as is the case with the Delhi Metro Rail Corp. Ltd (DMRC).
An urban development official said the panel had circulated a draft note seeking comments on this. A commission official confirmed that a discussion paper was being prepared and the matter would be debated at an upcoming meeting of secretaries of major infrastructure related ministries. Both officials requested anonymity.
The note suggests that all existing 50:50 joint ventures—except for DMRC—be converted into 51:49, and that henceforth the Centre should give a grant in lieu of equity for the project.
— Rahul Chandran
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First Published: Tue, Mar 02 2010. 11 13 PM IST
More Topics: Congress | Tax | Petrol | Diesel | Economy and Politics |