World News Update.

Just another WordPress.com weblog

Insulating Indian eco, combating terrorism are Govt’s priority: PM

Insulating Indian eco, combating terrorism are Govt’s priority: PM

The UPA government’s first priority for the present is to see that India is “insulated” to the maximum possible from the ill-effects of international financial crisis, Prime Minister Manmohan Singh said on Wednesday.

Dr Singh also said inflation remained a “major worry” and government was keeping its “fingers crossed”.

“We have to work out a coherent strategy to protect our interests and we are confident we will be able to do so,” Dr Singh said while identifying efforts to ward of threats to India from the financial meltdown as a “first priority right now”.

Dr Singh made these remarks when asked what will be his government’s priorities over the next four months before the 2009 General Elections due in May.

“We have to worry about inflation while maintaining the momentum of growth process,” he said talking to reporters accompanying him on his return home after a 10-day visit to the US and France.

“We have to worry about inflation while maintaining the momentum of growth process,” he said though one side-effect of international financial crisis will be probable moderation of inflation.

“Inflation remains a major worry, though one-side effect of international crisis will be probable moderation of inflation, but we keep our fingers crossed,” he said.

On the impact of the international financial crisis on India, the prime minister said India is not immune from what happens in the outside world.

“But we are not vulnerable to the extent that some other countries are vulnerable,” he said.

In the US, Dr Singh addressed the 63rd UN General Assembly and held talks with President George W Bush and several other world leaders on a host of issues, including the Indo-US nuclear deal.

On the second leg of his tour to France, the Prime Minister met President Nicolas Sarkozy and addressed the India-EU Business Summit.

Singh also signed a landmark Agreement on Development of Civil Nuclear Cooperation in Paris on Tuesday.

Prime Minister Manmohan Singh on Wednesday said it will take quite “some time” before the civil nuclear cooperation agreement with France could be operationalised, a day after the landmark accord was signed.

“It will take some time before this agreement(with France) or other agreements that we sign to be operationalised,” Singh told reporters accompanying him while returning home after his visit to the US and France.

The Prime Minister said on Tuesday agreements similar to the Indo-French pact will be negotiated with other European countries too.

Asked whether the agreement has finally cleared the decks for French nuclear firms to have a share of the 100 billion dollar nuclear pie, the Prime Minister said the pact signed in Paris was a framework agreement and there are several steps to be taken by both countries to go through various procedures.

“I think the sequencing will be decided on its own merits,” Singh said.

Atomic Energy Commission chairman Anil Kakodkar also indicated in Paris after the accord was initialled in the presence of the prime minister and French President Nikolas Sarkozy that it will take some time before the French nuclear firms can set up shop in India.

Asked how soon can French nuclear companies expect to win contracts, Kakodkar said there were some parallel processes which needed to be followed like having additional protocols in India-specific IAEA safeguards.

French nuclear giants like Areva, Alstorm and EDF appear keen to do business with India in this field.

To a question on the Indo-US civil nuclear deal which is before the American Senate after getting the crucial approval of the House of Representatives, Singh said he would not comment and that he would like to see the final outcome of the process that is underway in the Congress.

Atomic Energy Commission chairman Anil Kakodkar also indicated in Paris after the accord was initialled in the presence of the prime minister and French President Nikolas Sarkozy that it will take some time before the French nuclear firms can set up shop in India.

Asked how soon can French nuclear companies expect to win contracts, Kakodkar said there were some parallel processes which needed to be followed like having additional protocols in India-specific IAEA safeguards.

The world’s second producer of nuclear energy after the US, France is vying to lead a worldwide revival of the industry, fuelled by global warming and rising energy prices.

Advertisements

October 1, 2008 - Posted by | Uncategorized

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: