No need for knee jerk reaction due to high crude oil prices: Jaitley
New Delhi, Sep 5 : Finance Minister Arun Jaitley on Wednesday said that there was no need for a "knee jerk" reaction due to high prices of global crude oil.
"There is no straight-line movement of global crude oil prices," Jaitley said at a media briefing after the meeting of the Union Cabinet.
According to Jaitley, crude oil prices edged higher in April and May whereas they calmed down in June and July
"As I am saying these are not situations which merit knee-jerk and panic reaction. There is no straight-line movement in global oil prices," the minister said.
When asked about the country's preparations to deal with any upsurge in global crude oil prices, Jaitley at a press briefing here said: "Policy formulation is never a rigid process."
Recently, geo-political factors such as trade wars fears, upcoming Iran sanctions and conflicts in Middle East along with supply side constraints have led to a sharp increase in global crude oil prices.
The rise in global crude oil prices pushes the domestic cost of petrol and diesel higher as the country is a net importer of crude oil.
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Affront to non-Hindi speaking people: Chidambaram slams use of Hindi words in bills' names
New Delhi (PTI): Congress leader P Chidambaram has slammed the "increasing practice" of the government using Hindi words in the titles of the bills and said the change is an "affront" to the non-Hindi-speaking people.
Chidambaram said the non-Hindi-speaking people cannot identify a Bill/Act with titles that are in Hindi words written in English letters, and they cannot pronounce them.
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"I am opposed to the increasing practice of the government using Hindi words written in English letters in the title of the Bills to be introduced in Parliament," the former Union minister said late Monday night.
Hitherto, the practice was to write the title of the Bill in English words in the English version and in Hindi words in the Hindi version of the Bill, Chidambaram said.
"When no one pointed out any difficulty in the 75 year practice, why should government make a change?" he said.
"This change is an affront to non-Hindi speaking people and to States that have an official language other than Hindi," the Congress leader said.
Successive governments have reiterated the promise that English will remain an Associate Official Language, Chidambaram said.
"I fear that promise is in danger of being broken," the Congress MP said.
