Cannot continue with populist budgets: PM
March 1st, 2010 - 9:52 pm ICT by IANS
On Board Air India One, March 1 (IANS) Prime Minister Manmohan Singh Monday candidly said that people would be upset with the rise in oil prices, but the country cannot “persist with populist budgets”.
“Any rise in oil price would upset people. But we cannot continue to persist with populist budgets, that will compromise investment climate and employment scenario,” Manmohan Singh told reporters onboard the prime minister’s special aircraft.
The prime minister was returning from Riyadh after a three-day visit to the kingdom during which 10 bilateral agreements, including an extradition treaty, were signed between the two countries.
Manmohan Singh said the people can expect “slight moderation” in the prices of essential commodities soon.
“However, the rabi (winter) crop is coming in now and we can except slight moderation in prices of pulses grains etc,” he said.
- PM hopes to see moderation in food prices (Lead) - Mar 01, 2010
- Prime Minister hints at no fuel price rollback - Mar 01, 2010
- We can't always follow populist fiscal policies: PM (Second Lead) - Mar 01, 2010
- Food inflation a problem but growth important, says Manmohan Singh - Feb 16, 2011
- Higher food prices push inflation to 9.73 percent - Nov 14, 2011
- Falling rupee a serious concern: Commerce minister - May 23, 2012
- Inflation will come down to 7 percent by March: PM (Second Lead) - Feb 24, 2011
- PM calls for export ban on essential items - Feb 06, 2010
- UAE cabinet ratifies pacts with Britain, Pakistan - Dec 12, 2010
- Food inflation comes down sharply (Lead) - Jun 30, 2011
- I assure, inflation will fall: PM - Aug 15, 2010
- Opposition attacks government on price-rise - Dec 07, 2011
- BJP protests price hike, as Manmohan Singh visits Kanpur city - Jul 03, 2010
- Mukherjee to brief UPA allies on fuel price hike, NDA leaders to meet - Mar 03, 2010
- Left to hold rally against price rise in Delhi: Buddhadeb - Jan 10, 2011
Tags: air india, bilateral agreements, budgets, commodities, extradition treaty, grains, investment climate, manmohan, manmohan singh, march 1, moderation, oil prices, prime minister manmohan, prime minister manmohan singh, rise in oil price, riyadh, winter crop