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PM Modi calls high-level meet on rising fuel prices, falling rupee

Fadu News 2018-09-13 14:59:42

The Narendra Modi government has faced immense criticism over rising fuel prices (Reuters file photo)

HIGHLIGHTS

  • Meeting to happen in the next two days
  • Top ministers to be part of the meeting
  • Petrol minister had earlier met BJP chief

Prime Minister Narendra Modi has called a high-level meeting to review the country's economic situation. The meeting is likely to take place in the next two days and will include top cabinet ministers and bureaucrats.

Rising fuel prices and the plummeting rupee are both likely to be on the agenda of the meeting.

The meeting called by the prime minister comes day after the petroleum minister Darmendra Pradhan met Bharatiya Janata Party chief Amit Shah. In his meeting with Shah, Pradhan indicated that the rising petrol and diesel prices can be only be tackled by bringing in a comprehensive, holistic government policy.

PM Modi's government at the Centre has faced immense criticism in the last few weeks due to rising fuel prices and the falling rupee. Petrol and diesel prices are at an all time high while the rupee is falling against the dollar almost every day.

Opposition parties, particularly the Congress, have accused the Centre of inaction and have blamed its economic policies for the rise in fuel prices and the fall in the rupee's value.

The government has maintained that global factors are responsible for both, the high fuel prices and the rupee's fall.