Prime Minister Manmohan Singh on Saturday defended the fresh reforms drive initiated by the UPA government.
Rubbishing allegations that the new measures are being implemented under the influence of other countries, the Prime Minister said the decision to allow FDI in multi-brand retail has nothing to do with the US. "We are not a country to be dictated by others," he told reporters on the sidelines of the swearing-in ceremony of new Chief Justice of India Altamas Kabir at the Rashtrapati Bhawan.
Speaking on the Supreme Court's take on the allocation of natural resources with respect to the 2G spectrum auction, the Prime Minister said: "We honour the Supreme Court's opinion on presidential reference on allocation of natural resources."
On being asked whether there will be a rollback on reforms, he said: "We will do what is good for the country ... reforms are not one-off process."
When asked to respond to reservations expressed by allies that the recent decisions could hurt their electoral prospects, Singh said the issue could be discussed. "We are far away from elections."
(With inputs from agencies)
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
