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This Article is From Nov 04, 2011

Highlights: Prime Minister on petrol prices, inflation, eurozone

Highlights: Prime Minister on petrol prices, inflation, eurozone
Cannes: Highlights of Prime Minister Manmohan Singh's address at the G20 summit on Friday:

  • No hesitation in saying our markets will find own levels.

  • On food inflation: Food grains prices stable, Veg, fruits, egg prices going up.

  • We must move in direction of decontrolling more and more prices.

  • G-20 communique endorses our call for increased banking transparency.

  • Information exchange to combat tax evasion was important part of our agenda.

  • Crisis in Eurozone is a potentially grave threat to stability.

  • G20 communique welcomes recommendations for managing volatility in prices.

  • IMF should keep the eurozone situation under close watch.
  • G-20 will ensure that adequate resources will be made available with the IMF.

  • We welcome the development that Greek referendum has been withdrawn.

  • Management of the Eurozone crisis is primarily responsibility of Eurozone countries.

  • Italy's monitoring arrangement will send a signal of confidence to the markets.

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