Despite the prices of petrol and diesel hitting the roof, the government on Saturday appeared in no mood to take any step to soften their impact on the common man. No discussion was held in a two-day high-level meeting to review the country’s economy chaired by Prime Minister Narendra Modi.
After a two-and-a-half hour meeting, Finance Minister Arun Jaitley told reporters that the meeting on Saturday was not to discuss the oil price rise but only to take a view of the “broad macroeconomic parameters”.
Jaitley even said that the prime minister was satisfied with regard to the broad parameters in relation to the economy, its growth rate and inflation and how the tax collections were panning out. Read more