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Ahluwalia remains an optimist
posted by
Vivek Sharma
28 Jun 2008, 08:33
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labels: government, energy/oil, politics, economy
These are tough times and most of us expect it will only get tougher in future. Not so if you are Montek Singh Ahluwalia, Planning Commission deputy chairman. In an interview earlier this week, he insisted that the Commission’s target of 9% growth for the Eleventh Plan period is still achievable despite soaring oil prices. ‘There is no reason to alter our medium term objectives’, he is reported to have said.
But his optimism is not quite unbridled and he added a caveat that everything will depend on ‘how we handle oil prices’. Now, that is a big ‘how’! He went on to stress that ‘actions to manage oil prices, pass on oil prices, improve efficiency, reduce dependence on oil and look for other sources of energy become more important’. Well, that is exactly what many of us have been talking about.
Is the government doing anything about these necessary ‘actions’ listed by Ahluwalia? If it indeed is, we are not quite aware of it. We are yet to hear anything from the government about new strategies for improving efficiency or additional efforts to develop alternate energy sources.
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