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Oil and gas pricing to be reviewed: AIADMK manifesto

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Oil and gas pricing to be reviewed: AIADMK manifesto

2 gasChennai, Feb 25: The AIADMK’s poll manifesto released by its general secretary and Tamil Nadu Chief Minister J. Jayalalithaa here Tues encompasses a mixture of welfare and arduous economic measures underscoring her national ambitions.

The party has secure replacement of current food security theme with universal public distribution scheme; increasing offer of subsidized domestic gas cylinders; hiking individual taxation limit to Rs.500,000; review of oil and gas pricing mechanism; rescinding foreign direct investment (FDI) in retail; increasing at the national level Tamil Nadu’s welfare measures for women; nationalisation and complex of rivers; and non-divestment by government, among others.

The party also secure implementing a number of the welfare measures of the state at the national level.

“We have wheat out several policies and guarantees to implement several schemes and aims not just for the event of Tamil Nadu however also for the progress of the whole nation,” she told reporters.

The 45-page manifesto book has 2 forms of poll promises – one for the state and the different for Tamil Nadu – tho’ there are overlaps.

Terming the centre’s food security theme as half-baked, AIADMK secure to require measures to switch it with a Universal Public Distribution System, which can profit all the people of the states that are already implementing such a theme.

The party also secure to follow the policy of doctrine and social justice. The party said supported the social organization prevailing in every state, “action will be taken to implement reservation in different states”.

On the problem of disinvestment, AIADMK said it’ll ensure there’s no divestment of shares publicly sector undertakings. The party said it’d work towards fully stopping the method of privatisation.

On policy, the party said long standing border disputes with neighbor countries ought to be resolved.

“The AIADMK can work to secure a permanent seat for India within the united nations council. The policy of the country mustn’t hurt the interests of the states within the country. Hence, the interests of the states will be unbroken in mind whereas formulating the policy,” the party said.

The party also secure to vary the oil and gas evaluation mechanism and withdraw the “authority given to grease promoting corporations to determine the costs of petrol and diesel”.

“Action will be taken to determine the direct two-way exchange rate between the currency of various countries and the exchange rate, i.e. a currency swap arrangement will be place in situ,” it said.

“A separate fund will be established to insulate and hedge the impact of variations of rate of exchange on worth of oil merchandise and thereby shield the common public from adverse price shocks,” the party said.

According to AIADMK, action will be taken to maintain the value level of oil and domestic gas whereas the quantity of subsidized gas cylinders would be enlarged. The party also said it’d guarantee truthful costs for natural resources.

The party also secure to require action to switch the coal mining policy to ensure that State Public Enterprises are able to get coal at lower costs and at identical time the revenue to the central government is enlarged.

The AIADMK also spoke of transfer back to India black cash lying in foreign banks once it’s part of the new central government.

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