Mathews
by Milton on 2008-11-26 15:29:58.020917+05:30
Bringing down prices is good move, but the profits due to the lesser crude price should be utilized to cancel out the negative impact of the recent higher prices of the crude. I believe this will feed growth though it will pinch us now a bit. This is my view and wish to be corrected if someone knows otherwise.Ours is the highest fiscal deficit in the world (nearly 3% of the GDP i.e. 1,25,000 Crores). And this is entirely due to seeping corruption (even into our Indian psyche) and nothing to do with what economist Mr. John Maynard Keynes believed. Our economic health is due to the common man's work inside and outside of country. And only recently did Govt/s - when FDI started to pour in- (due to the confidence in the Indian as a reliable person over most of its neighbours) fund management has started to mean something to the common man. If the fiscal deficit is not brought down to healthier levels this growth is not a reflection of the actuals.
fuel price - politics
by Suresh on 2008-11-25 18:52:57.486003+05:30
What is the point in writiin here? who shall read it? who gives a damn about common mans problems?
LET THE PEOPLE TEACH UPA A LESSON IN THE STATE ELECTIONS
by A Nair on 2008-11-25 18:45:23.98949+05:30
BJP instead of going to the EC must go to the people of the state where election are taking place and tell that the UPA Govt has reduced Aviation Fuel price by 16% but not reduced the price of Diesel, the AAM ADMI fuel. Let the people teach UPA a lesson.
When bow-bow becomes a habit, the the Congress should feed them with biscuits.
by Nautankee on 2008-11-25 18:31:40.156249+05:30
Sir, even if the Congress says that it will make Advani the Prime minister of India, then also the BJP would make headlines by attacking the Congress.
petrol prices
by paul on 2008-11-25 18:00:52.513676+05:30
And please reduce the sales tax and customs duty. On 55rs we are paying for 1 litre of petrol 24-26 is going as taxes I find it absurd the govt claim of subsidies when they are taxing petrol to 100%
Politics of Inflation
by Economist on 2008-11-25 17:51:54.128405+05:30
We have some really wonky policies in our country. Because 6 states are having elections, no policy decision can be announced anywhere in India from the middle of October to the end of December !!! And this is so that it is fair to the political parties. Excuse me, what about being fair to the people? If the govt. can afford to have lower fuel prices why should we as people pay more because of these stupid policies? Why can't the govt and opposition parties agree to reduce the prices in the interest of the people who they keep saying is suffering because of high prices? It seems all parties when they are in opposition actually want prices to rise so that they can win the next election.
Fuel Price cut
by Subramanian on 2008-11-25 17:20:56.866269+05:30
It is just to fool the voters. This govt. did not even bother to reduce the price when the crude oil prices were falling. Now for the assembly elections, they announced this. It is not only a violation of the code of conduct but also shows the fear of the congress from losing the elections.
NO BRAIN
by SHAUKAT on 2008-11-25 17:04:34.458731+05:30
I THINK V.K. MALHOTRA SHOULD VISIT SOME DOCTOR FOR TREATMENT. IF HE WILL BECOME CHIEF MINISTER THEN INDIA WILL GO BEHIND. NOW IN THE WORLD PETROAL PRICES HAD GONE DOWNMORE THEN 50% SO WHAT IS HAD TO DO WITH ELECTION. I FORGET AFTER ALL ALL THESE PEOPLE WHO DONT HAVE BRAIN ARE IN BJP.
oil price...
by Vardha on 2008-11-25 16:25:52.614071+05:30
Why shouldnt the oil price increase or decrease as oil per barrel price increases or decreases. Why should the govt. wait for the election or non-election period? Politicians never look for simple solution..instead try to gain something without nothing.
Fuel Price Cut
by Narendra on 2008-11-25 14:58:57.993986+05:30
The fact that he is mentioning a cut in the fuel prices has voilated the election code of conduct. He should have remained silent or no comments or would be taken up at a latter date.
I like the price-cut
by Raj on 2008-11-25 16:37:25.742483+05:30
I don't care about what BJP feels. I like the price-cut. BJP leaders do not know the pain of paying for petrol and gas as they live on public money and foreign terror funds. For normal people, it is a dream come true. Get lost BJP.

oil price
by r. bhakther solomon on 2008-11-25 14:22:00.77279+05:30
The govt had earlier cited the crude oil price increase as the main reason for increasing the oil price in the country. Natually, when the oil prices decrease , the govt should reduce the domestic price of oil. There should be a built in mechansim to increase or decrease the price of oil as an when the crude price increases or decreases in the international market. The entire price rise of commodities was basically due to the increase of domestic oil price. Thfore the govt should take the first step to reduce the oil price and should see that correspondinly all other prices of commodities are brought down, provided the production of that particualr commodity depends upon the use of oil either for trasport purpose or for rodcution purose. In many contries, the domestic oil price is always pegged to international crude oil price. When the price of crude price goes up the domestic oil price goes up and vice versa. Let there be a written policy pegging the oil price to crude oil price.
oil Prices
by romesh.sharma on 2008-11-25 17:17:22.501693+05:30
Very well said.These Indian political goons mostly give examples of the West but what is good in the western world that they won't copy/learn from that.Exactly that,what is said by solomon,is seen on every where in western countries.Every day the prices change automatically on the sign-boards of Petrol depots.No political person make this as political or election stunt.Shame to these corrupt politicians who are taking hostage people's basic needs for their selfish interests.This is real exploitation of consumers/people.