Manmohan Singh explains to Hillary Clinton India’s need to engage Iran for its energy security

May 8, 2012

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New DelhI/Kolkata, May 8: India wants Iran to fulfill international obligations with regard to its nuclear programme, but New Delhi cannot lose sight of its energy security needs, Prime Minister Manmohan Singh told US secretary of state Hillary Clinton during a wide-ranging discussion here on Monday.

Iran was an important aspect of Hillary's meeting with Singh on Monday evening as she made it clear that US expects India to "do more" and be part of the international effort to curb Iran's reported bid to acquire nuclear weapons by defying inspection regimes.

The PM is understood to have said that India shared concerns over proliferation but needed to work out its responses at a time when fuel prices are high and the global economic situation worrisome. In comments ahead of the meeting, Hillary said India's has more options on energy than it had earlier.

The meeting, according to official sources, did not hit a bump on Iran despite both leaders outlining their views and Singh dwelling on the need to engage Tehran. The discussion lasted around 80 minutes, about half an hour more than what was scheduled, as the leaders went over Pakistan, Afghanistan, China, trade, security and the Indo-US civil nuclear agreement.

While both sides committed to strengthen their strategic partnership, tangible outcomes may take a while to be fully evident with the relationship seen to be in need of fresh momentum despite substantial convergence of interests.

US is keen on India moving on some reforms like liberalizing FDI in retail, a detail expected to have figured during Hillary's meeting with West Bengal chief minister Mamata Banerjee in Kolkata earlier in the day where she spoke of making the state a partner in US investment.

The meeting with Banerjee was significant as the US looks at West Bengal with new eyes after the state was "off bounds" during Left rule. The attempt to size up the new dispensation saw Banerjee also using the occasion to claim that Bengal was now investor-friendly.

After Hillary's meeting with Singh, sources said "The full gamut of bilateral relations came up for discussion." On Iran, the PM is also believed to have laid out India's reasons to continue to engage the state. Hillary had already indicated earlier in the day that she would press India to further reduce oil imports from Iran, although she acknowledged reduction in some imports. She stressed Iran's nuclear ambitions would have an adverse effect on the region.

On the security front, Afghanistan, China and Pakistan figured prominently in the talks. But the PM used the opportunity to tell the top US official American investment in infrastructure while the leaders also had an elaborate discussion on the state of the global economy.

Earlier in Kolkata, contentious issues, including the Teesta water-sharing agreement with Bangladesh, were kept under wraps. "There were certain strategic issues that came up in course of discussion, but I cannot reveal them because of political compulsion," Banerjee said after Hillary left for Delhi.

"They (the US) spoke of making Bengal a partner state for investment here," the Bengal CM said. "For a long time, there was hardly US investment in Bengal due to political reasons. But, now the situation has changed and is congenial for investment," she added.

Banerjee welcomed private investment in sectors such as information technology, education, healthcare and deep sea ports. At an interactive session at La Martinere for Girls' before her meeting with Banerjee, Hillary was clear about what she wanted to discuss. "I intend talking about investment ... and the Teesta water agreement with chief minister Mamata Banerjee. But I would be primarily interested in her vision for Bengal and the east. I would like to know what she wants to achieve. I have come here with a belief that India can compete. But you understand that there are political compulsions. So, a few things might have to wait," Hillary added.

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News Network
March 26,2020

New Delhi, Mar 26: Finance Minister Nirmala Sitharaman on Thursday announced a Rs 50 lakh insurance cover for healthcare workers who are at the forefront of dealing with coronavirus pandemic.

Sitharaman said the government has finalised an economic stimulus package to deal with the impact of 21-day countrywide lockdown to prevent spread of the virus.

“It’s only 36 hours since the lockdown has been imposed. Now we have come with a package which immediately take care of the welfare concerns of the poor and suffering workers and those who need immediate help,” Sitharaman said.

She also said that 80 crore poor people, nearly two thirds of the population  will get five kg of rice or wheat per month for three months, in addition to the 5 kg they already receive, for free."

The rationcard holders can take the foodgrains and pulses from the Public Distribution System (PDS) in two installments, she added.

"This measure will ensure no gareeb (poor) remains hungry," Sitharaman said.

The package will include cash transfer and food subsidy, she said.

"Farmers who currently receive Rs 6,000 annually, will be given the first installment of the next financial year immediately. 8.7 crore farmers will benefit from it," said Sitharaman.

As many of 20.5 crore women Jan Dhan Account holders will get Rs 500 per month for next three months to run their households.

For poor senior citizens, widow and disabled will get an ex-gratia of Rs 1,000.

Also, the daily wage under MNREGA has been increased to Rs 202 a day from Rs 182 to benefit 5 crore workers.

The minister said the government will front-load Rs 2,000 payment to farmers in the first week of April under the existing PM Kishan Yojana to benefit 8.69 crore farmers.

Also, the beneficiaries of Ujjwala LPG scheme will get free cooking gas for the next three months, she said.

This forms part of the Rs 1.70 lakh crore Gramin Kalyan Package.

Prime Minister Narendra Modi last week had constituted a task force headed by the Finance Minister to work out package for economy hit by coronavirus.

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News Network
January 12,2020

Kolkata, Jan 12: Prime Minister Narendra Modi on Sunday said a section of the youth is being misguided about the Citizenship Amendment Act and asserted that it will not take away anybody's citizenship.

Modi also said whoever has faith in India and believes in its Constitution can become an Indian citizen.

“There are a lot of questions among the youth about the new citizenship law, and some are being misled by rumours around it... it is our duty to clear their doubts,” the PM said during an address at Belur Math in Howrah district.

“I want to make this clear again that the CAA is not about taking away anybody's citizenship, but about granting citizenship,” he added.

Modi said that some people with political interests are deliberately spreading rumours about the new citizenship law.

Lauding the youth for speaking against religious persecution of minorities, the prime minister said the energy of the country's young will form the basis of change in the 21st century. The PM is on a two-day visit to the city.

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Agencies
June 29,2020

New Delhi, Jun 29: Fuel prices rose on Monday again after a days pause with oil marketing companies increasing the pump price of petrol by 5 paisa and diesel by 13 paisa per litre in Delhi.

In the national capital, petrol price on Monday stood at Rs 80.43 per litre while that of diesel at Rs 80.53 a litre.

With this increase, fuel prices have moved up on 22 of the last 23 days (with no rise on Sunday). Petrol prices, however, were unchanged for an additional day in between after the daily revision based on dynamic pricing was reinstated by OMCs.

Since the daily price revision resumed on June 7, petrol price has increased Rs 9.17 and diesel rose by Rs 11.14 in the national capital. In the other cities the magnitude of increase was similar.

During the past 23 days, the quantum of price hike gradually declined from around 60 paise raise for a few days, immediately post the resumption of daily price revision, to less than 20 paise during the past few days and now even less than 10 paisa per litre.

In a historic development, the price of diesel surged above that of petrol in the national capital during this period. It continues to remain higher even though on Saturday the quantum of petrol price hike was higher than that of diesel.

Officials in oil marketing companies said that it is hard to predict which of the two fuels will be priced higher in the Capital as the gap between the two is almost negligible. But petrol prices have shown more volatility in international markets that may take it ahead once again in coming days.

Apart from Delhi, the retail prices of petrol and diesel have followed the traditional path in other metros with petrol being priced at a premium of between Rs 5 and 8 per litre. The difference between the auto fuel prices in Delhi and other metros is because of the taxation structure.

While both petrol and diesel are at similar levels of taxes (state and centre) in Delhi, it is higher for petrol in many other Indian cities.

Globally diesel is priced a tad higher than petrol. In India too, the base price of diesel is slightly higher than petrol but taxation at central and state levels changed the complexion of retail prices.

If the price of petroleum products and crude hold their positions in global markets, then petrol and diesel prices rise may stop for a longer period and we may even see marginal fall in prices.

Fuel prices have been increasing since June 7 when oil companies began the daily price revision mechanism after a hiatus of 82 days during the lockdown.

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