This follows concern expressed by environment and forest minister Jairam Ramesh over poor public allocations for research on the impact of climate change in the Lok Sabha on Thursday.
'Prices can be adjusted now. The government can even temporarily cut taxes'.
The Planning Commission on Tuesday called for linking petrol and diesel prices with international markets and made a case for raising gas prices by public sector companies.
The Planning Commission on Saturday approved the draft integrated energy policy, which seeks to implement market-based pricing and bring about better coordination among ministries.
Prime Minister Manmohan Singh will preside over a full Planning Commission meeting on September 1 for the mid-term appraisal of the Eleventh Five-Year Plan period (2007-12).
The Planning Commission will finalise in a couple of months a draft on an integrated energy policy, which will include its views on merger of oil public sector undertakings.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
India is building its oil reserves in underground rock caverns and tanks
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