"We have always tried to mitigate the burden on the common people. But at the same time, we've kept larger economic imperatives in mind," Information and Broadcasting Minister Manish Tewari said.
Hitting out at the opposition for denouncing the government move, he said the Trinamool Congress and the BJP should not oppose it as they have themselves were party to similar decisions on different occasions when in power.
"In response to what was you told me is the reaction of the Trinamool Congress, I am quite surprised. Because if I remember correctly, it's the TMC government (in West Bengal) which had raised power tariffs in Kolkata. Therefore, a party which raises power tariffs, I don't think they should be talking about the impact of deregulation even before studying it," he told reporters here.
He said as far as the BJP is concerned, "I think they would be well served to reflect at their own track record.... I had recounted that they had raised petrol and oil prices by as much as 66 times between 1999 and 2004, give or take a number here or a number there."
Tewari said the UPA government and Congress have always put national interest over party's and political interest.
The Minister maintained that in a "tough" international situation, it is "a very difficult balancing act where you have to balance the twin imperatives of revenue generation - because a large part of your crude is imported from abroad- and ensuring that as less of the burden is passed on the people as possible."
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
