June 10, 2012 8:41 PM

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Centre not in position to provide extra money to states: Pranab

Finance Minister Pranab Mukherjee has said that India has signed treaties with 37 countries to know the details of black money stashed abroad. Addressing a meeting of Congress workers in Khargram in West Bengal on Sunday Finance Minister said all the money kept by Indians abroad is not black money. He said it might have been deposited by businessmen or business houses. The process will take time to know the exact amount.

Mr Mukherjee said the unrest in Syria and Libya had caused the increase in prices of petro products and fertilisers. He said the Potash was brought from these two countries but has now stopped due to political unrest there.

Finance Minister said the Centre's hands are tied to provide extra money to states as petro products and food need massive subsidy.

He said the UPA government is committed to improving the country's socio-economic infrastructure and is taking steps in the direction. However, there are delays as Congress has to depend on allies and there are differences of opinion at times.

Referring to bad condition of rural roads, he said Prime Minister's Gram Sadak Yojana does not provide for money for maintenance and advised MLAS to inform the matter with the state government, which would in turn take up the matter with the Centre.

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