t is a well known fact that kerosene is highly subsidised and the main reason for the loss to Government.
Kerosene is supposed to sell at Rs. 9 a litre at the ration shops.
However the consumption of this fuel is more in the middle class segment rather than the lower income/BPL group as is widely believed. The bulk of the ration shop goers scramble for their share of this fuel and sell it in the black market. Today kerosene sells at Rs.28 a litre and one has to hunt for shops selling it. It indicates how much this fuel is sought after.
The Govt's subsidy has merely served to create a huge black market.
Imagine the loss by way of VAT revenue to the States if kerosene was sold throughout the country at Rs. 28 a litre.
Imagine the recovery made by the Central Govt if it realised Rs.28 a litre.
Besides the black marketeers are not going to declare their profits and pay income tax.
All this could have been effectively neutralised if only the Govt introduced a DUAL channel. Kerosene at Rs. 9 a litre at the ration shops and kerosene at Rs. 25 a litre at the petrol pumps for those willing to pay a higher price without having to wait at the ration shop queues.
Long term solution - 1. Focus on Agriculture develoment 2. Population control Focus on agri development shall even make us leader in the world. World is deprived of food items in near future and thats the time, when we can trade in agri commodities across the globe. We have to be self sufficient first for that. Population control - None of our leader wants to touch this, because of their vote mindset. We will have to control this and start demanding for this from our Government. If this happens, probably 1.2% agri growth would also be sufficient enough for all of us.
Long term solution - 1. Focus on Agriculture develoment 2. Population control Focus on agri development shall even make us leader in the world. World is deprived of food items in near future and thats the time, when we can trade in agri commodities across the globe. We have to be self sufficient first for that. Population control - None of our leader wants to touch this, because of their vote mindset. We will have to control this and start demanding for this from our Government. If this happens, probably 1.2% agri growth would also be sufficient enough for all of us.
The prices are rising for the reasons of various system errors. For commodity price, commodity exchanges are used for speculation. Everybody knows seasonal trend and stock available for distribution. Huge demand is created in terms of future contracts and ultimately cancelled on higher prices. We have seen the scenerio for crude. Recently for sugar. Govt should ban trading in future and future contacts should be allowed for delivery purpose. Govt really do not have any ways and hence opened commodity exchanges. Earlier few peoples were involved in speculation, now a mass is seating opposite to the screen and doing speculations. Only registered dealers having having huge delivery base turnover should be allowed to deal in futures. further less than 1% should be settled for cancellation or contra.
The prices are rising for the reasons of various system errors. For commodity price, commodity exchanges are used for speculation. Everybody knows seasonal trend and stock available for distribution. Huge demand is created in terms of future contracts and ultimately cancelled on higher prices. We have seen the scenerio for crude. Recently for sugar. Govt should ban trading in future and future contacts should be allowed for delivery purpose. Govt really do not have any ways and hence opened commodity exchanges. Earlier few peoples were involved in speculation, now a mass is seating opposite to the screen and doing speculations. Only registered dealers having having huge delivery base turnover should be allowed to deal in futures. further less than 1% should be settled for cancellation or contra.
The prices are rising for the reasons of various system errors. For commodity price, commodity exchanges are used for speculation. Everybody knows seasonal trend and stock available for distribution. Huge demand is created in terms of future contracts and ultimately cancelled on higher prices. We have seen the scenerio for crude. Recently for sugar. Govt should ban trading in future and future contacts should be allowed for delivery purpose. Govt really do not have any ways and hence opened commodity exchanges. Earlier few peoples were involved in speculation, now a mass is seating opposite to the screen and doing speculations. Only registered dealers having having huge delivery base turnover should be allowed to deal in futures. further less than 1% should be settled for cancellation or contra.
The prices are rising for the reasons of various system errors. For commodity price, commodity exchanges are used for speculation. Everybody knows seasonal trend and stock available for distribution. Huge demand is created in terms of future contracts and ultimately cancelled on higher prices. We have seen the scenerio for crude. Recently for sugar. Govt should ban trading in future and future contacts should be allowed for delivery purpose. Govt really do not have any ways and hence opened commodity exchanges. Earlier few peoples were involved in speculation, now a mass is seating opposite to the screen and doing speculations. Only registered dealers having having huge delivery base turnover should be allowed to deal in futures. further less than 1% should be settled for cancellation or contra.
The prices are rising for the reasons of various system errors. For commodity price, commodity exchanges are used for speculation. Everybody knows seasonal trend and stock available for distribution. Huge demand is created in terms of future contracts and ultimately cancelled on higher prices. We have seen the scenerio for crude. Recently for sugar. Govt should ban trading in future and future contacts should be allowed for delivery purpose. Govt really do not have any ways and hence opened commodity exchanges. Earlier few peoples were involved in speculation, now a mass is seating opposite to the screen and doing speculations. Only registered dealers having having huge delivery base turnover should be allowed to deal in futures. further less than 1% should be settled for cancellation or contra.
The prices are rising for the reasons of various system errors. For commodity price, commodity exchanges are used for speculation. Everybody knows seasonal trend and stock available for distribution. Huge demand is created in terms of future contracts and ultimately cancelled on higher prices. We have seen the scenerio for crude. Recently for sugar. Govt should ban trading in future and future contacts should be allowed for delivery purpose. Govt really do not have any ways and hence opened commodity exchanges. Earlier few peoples were involved in speculation, now a mass is seating opposite to the screen and doing speculations. Only registered dealers having having huge delivery base turnover should be allowed to deal in futures. further less than 1% should be settled for cancellation or contra.
