India is deficit in energy: PM
September 1st, 2009 - 5:43 pm ICT by IBNSNew Delhi, Sept 1 (IBNS) Prime Minister Manmohan Singh Tuesday said India is deficit in energy.
“Energy is vital for our economic growth and this is the area where we are a deficit economy. We import over 70% of our petroleum energy needs and are also moving to a deficit position in coal,” Singh said in his opening remarks chairing the meeting of the full Planning Commission, which is assessing the economy and status of Integrated Energy Policy (IEP).
“Rational energy policies are also critical for rational responses to the threat of climate change. This is a new compulsion and we need to assess whether we are on track in critical aspects of our energy policy.”
Singh further said: “In our situation each energy sub-sector is the domain of a different Ministry. This has often meant a non-symmetric policy stance – the principles being adopted to determine policy in one sector are not the same as in another. The Integrated Energy Policy document that was approved by the Cabinet in December 2008 contained a number of recommendations covering different sub-sectors.”
Besides, members of the Planning Commission and its Deputy Chairman Montek Singh Ahluwalia, the first meeting of the full panel in the second term of UPA government is being attended by more than a dozen ministers including Finance Minister Pranab Mukherjee, Agriculture Minister Sharad Pawar and Home Minister P Chidambaram.
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