10-17-2007, 04:08 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Nuclear deal back to haunt Govt </b>
Pioneer.com
Santanu Banerjee | New Delhi
Left shifts gear, targets price rise
The threat to the Government isn't over yet though the UPA may have decided to go slow on the India-US nuclear deal. Â
"Unless Congress-led UPA takes steps to contain price rise, the Left would be forced to review its support to the Government once again, warned senior Left leader and CPI general secretary AB Bardhan on Tuesday.
Having scored victory over the nuclear deal, the CPI on Tuesday warned the UPA that "<b>the Left cannot anymore tolerate Government's complacency on the price rise issue which has already made the life of common man miserable."</b>
Addressing a protest rally here, Bardhan said: "The Government had shown some sensibility on the issue whether survival of Government is important or the nuclear deal, but the continuous and unchecked price spiral has pushed the situation back to square one."
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Lets see when Govt will increase oil price and wait where inflation will go.
Today Oil price was $88 a barrel , it is expected to touch $100 a barrel by end of this year.
Iran is not producing enough and Russia is making world to do tap dance. Oil price will be controlled by Russia , unless and until US start driling Alaska.
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><i> Analyst Phil Flynn of Alaron said, "The reason the market is strong is concern over increasing tensions between Turkey and the Kurds."
The price increase followed news of rising conflict close to major crude oil pipelines in northern Iraq, where Turkey has been combating Kurdish rebels. Prime Minister Recep Tayyip Erdogan of Turkey has said he is willing to defy the international community's warning against crossing the boarder into Iraq, and is ready to take action against the region where the Kurdish Workers' Party, an armed militant group, presumably is located.</i> <!--QuoteEnd--><!--QuoteEEnd-->
Pioneer.com
Santanu Banerjee | New Delhi
Left shifts gear, targets price rise
The threat to the Government isn't over yet though the UPA may have decided to go slow on the India-US nuclear deal. Â
"Unless Congress-led UPA takes steps to contain price rise, the Left would be forced to review its support to the Government once again, warned senior Left leader and CPI general secretary AB Bardhan on Tuesday.
Having scored victory over the nuclear deal, the CPI on Tuesday warned the UPA that "<b>the Left cannot anymore tolerate Government's complacency on the price rise issue which has already made the life of common man miserable."</b>
Addressing a protest rally here, Bardhan said: "The Government had shown some sensibility on the issue whether survival of Government is important or the nuclear deal, but the continuous and unchecked price spiral has pushed the situation back to square one."
<!--QuoteEnd--><!--QuoteEEnd-->
Lets see when Govt will increase oil price and wait where inflation will go.
Today Oil price was $88 a barrel , it is expected to touch $100 a barrel by end of this year.
Iran is not producing enough and Russia is making world to do tap dance. Oil price will be controlled by Russia , unless and until US start driling Alaska.
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><i> Analyst Phil Flynn of Alaron said, "The reason the market is strong is concern over increasing tensions between Turkey and the Kurds."
The price increase followed news of rising conflict close to major crude oil pipelines in northern Iraq, where Turkey has been combating Kurdish rebels. Prime Minister Recep Tayyip Erdogan of Turkey has said he is willing to defy the international community's warning against crossing the boarder into Iraq, and is ready to take action against the region where the Kurdish Workers' Party, an armed militant group, presumably is located.</i> <!--QuoteEnd--><!--QuoteEEnd-->