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        News and Press Release

        PM's statement on the economic situation in the Rajya Sabha

        August 29, 2013

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        "It cannot be denied that the country is faced with a difficult economic situation. And there are several causes. I do not deny that there are some domestic factors but there are also international factors arising out of the changes in the US monetary stance. There are also problems created by the new tensions that are on the horizon in Syria and they have inevitable consequences for oil prices. So we have to reckon with all those uncertainties. I will be very happy to make a statement tomorrow. I need some time to reflect on what I have to say, but I would be quite happy to make the statement tomorrow."

        Economic situation: government attributes difficulty to domestic and international factors and will issue a statement tomorrow. Economic difficulties are described as arising from domestic factors and international shocks - notably changes in US monetary policy and geopolitical tensions affecting oil prices - and the Prime Minister indicates readiness to deliver a detailed statement the following day after reflection.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Economic situation: government attributes difficulty to domestic and international factors and will issue a statement tomorrow.

                                Economic difficulties are described as arising from domestic factors and international shocks - notably changes in US monetary policy and geopolitical tensions affecting oil prices - and the Prime Minister indicates readiness to deliver a detailed statement the following day after reflection.


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