Now time has come to open oil sector like Steel in 1991 .Let the market force decide the price and Gov can think on
1. Give tax sops to all transporters on value of goods carrying but not on their earnings
2. Let the market force determine price .All marketing companies under Gov control should be allowed to participate in open market .
Example == See the development of SAIL,RINL which was a Gov controlled Steel sectors and allowed to market determined price in 1991 and just see their development in terms of incresed production and profitabilty in 2010 (which was once supposed to be sick company in 1999 and now they are selling FPO -a tremendous development -a world class company SAIL is ) Similarly all oil companies never allowed to determine price and see the result from 1991 to 2010 -becoming a great debt burden company of huge 70000 crores by living on subsidy
If you say oil sector is necesary to be controlled by Gov as a direct consequence with people and a core sector then what is steel sector --its also a core sector and have direct impact on people but how they survibe market force ?--Its the change of management and proper implementation .
If 1991 budget of economic liberisation initiated by late PM P.V.Narsimha rao and then then FM and present PM Dr Manmohan Singh has given a resilience economy for India with in 19 years then this 2010 budget will push India to a total development with more no of people's benifit with a thrust on Rural economy .more than 60 % alocation of fund towards Rural economy and infra will definately fuel tremendous economic activities and which will lead to development of more no of villages instead of cities .I always want 50000 developed villages rather cities to push economy to further height of 10 to 12 % annual growth .I am sure Dr Manmohan and Pranavda will be remembered forever for this success .The opposition to this land mark budget will be remembered as narrow thinkers of India and their representative politicall bosses are no longer required to remain in India and days are numbered for them .We dont need any more lalu,Bhulu ,Mulayam ,Yutury but we need more like Rahul Gandhi,Nitish Kumar,Narendra Modi ,Raman Sigh ,Budhadev Bhattacherjee like of people
