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Diesel prices to be de-regulated soon: Montek

Planning Commission deputy chairman Montek Singh Ahulwalia informed that the Centre might de-regulate the diesel prices soon.

Talking to reporters after addressing the 17th convocation of Vignana Jyothi Institute of Management here on Tuesday, Montek Singh said that the government in principle has decided to deregulate the diesel prices, but that would be done in a phase manner. He said several committees that were appointed to look into the issue had a unanimous view that the diesel prices should be de-regulated. “We cannot fight rising energy prices. Therefore, sooner we prepare for it the better,” he said.

Montek Singh also denied the reports that the government was concerned that agri-production might be low this year. Instead, he clarified, that this year the monsoon has been good and therefore, the agriculture performance should be even better. “The latest figures show that the monsoon this year was one per cent above normal. Whereas, in the 10th plan the agriculture growth was a little over two per cent, in the 11th plan it will be 3.5 per cent. Therefore, during the five year period, the agriculture performance will improve,” he said adding that the government aims to achieve four per cent growth.

He also informed that the next meeting of National Development Council would be held in the national capital on October 22 which will be presided by Prime Minster Dr Manmohan Singh. He said several important decisions would be taken during the council’s meeting.

Earlier, addressing the convocation he exhorted the students to work for the betterment of the society. The convocation was presided by Dada Saheb Phalke awardee D Rama Naidu while VJIM Director Dr Kamal Ghosh Ray gave the welcome address.

As many as 132 graduates completed their Post Graduate Diploma in Management from the institute. (INN)

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