One side Government is hiking petrol prices givin reason for increase in crude oil price (in fact crude oil prices have come down by 16 $ a berral) but government has reduced price of atf petrol used in airoplanes.
this way government has subsidies rich at the looting of poor.
flighs are used by rich whose fuel cost is reduced yes reduced and now common man aam admi pertol is costing more then rich man fuel!!
Oil is a shrinking resource and follows supply is gonna diminish as fast as demand rises. Simple Economics tells us that Oil will be 350$/barrel in 3-5 years time! Means petrol/diesel will be priced at over Rs 250/litre. So, What Do We Do?
1. Do NOT buy anymore petrol/diesel vehicles. They will be moribund in 3 years time. The Electric Car will rule!
2. Generate Solar, Wind and Tidal Energy and learn to incorporate it in our daily lives
3. Research and develop alternative sources of Energy
4. Minimize the expend of Energy! Conserve Natural Resources or Nature will deal YOU a very hard lesson!
5.Use mass public transport. Walk the mile to the super-market. Live healthily simultaneously!
WATCH IT...WATER IS GONNA BE THE NEXT BANE FOR MANKIND
Do you going to vote BJP & alliance. That will be more nonsense. Who are going to rule us a grand question mark. Both of these two alliances UPA and NDA are greatest ever cowards.
For the sake of Indians necessity is that fiscal & monetary tightning is necessary & upto the level of JAPAN OR EURO ZONE ECONOMIES. But what we are seeing is the rat race for the richest economy in the world because higher the inflation higher will be the growth rate & we are chasing CHINA for that. Actually our absolute GDP growth is negative by subtracting inflation of 8% from 7.75% economy growth rate.
PROFITIARING BY GOVERNMENT IS NOTHING BUT POOR COMMON MAN. INDIA IS CURRENTLY IN THIS STAGE. ALSO INDIA IS MAKING HAPPY THE GOVERNMENT & SEMI GOVT EMPLOYEE SECTION WHICH IS ULTIMATELY INCREASING THE EXPENDITURE OF GOVERNMENT BUT IT IS NOT INCREASING SAVINGS RATE BECAUSE OF HIGHER INFLATION.
Re: MORE FISCAL & MONETARY TIGHTNING UPTO THE 2 % LEV
by adv kuradkar on May 17, 2011 11:23 AM
How you could say this. Have you gave any chance to BJP. Have you tries the change then how you could predict the thinking of NDA Gov. You Talked about JAPAN , In Japan the people gave chance who can serve good facilities to people. Don't give monoploised govt to india. Keep some change so that competition should go on and this competition brings better future for india. Jai Hind
Re: WTF............
by vuyyala nagesh on May 17, 2011 09:41 AM
I think u r right. but do we need to providde the fund through petrol / diesel purchase or do we need to switch to no pollution vehicles (battery operated vehicles or bicycles) to save our money is our concern. Lets make our environment clean & green by ourselves.
IOC, BPCL, HPCL and ONGC the biggest Oil Companies of India... If Govt creates infrastructure for electric cars and invite companies to introduce 5 door electric hatchbacks at affordable prices then the above companies will close down... and that will be a big loss for the government... so things will never be better for people in India...
It was bound to happen. Population is increasing. People are buying more cars than ever. Fiscal oil pool deficit increasing. Demand is more. Supply is less.
Naturally price will rise with time. After all the earth does NOT have infinite oil reserves.
That is why ISRO chief Madhavan Nair was saying that Hydrogen will be the fuel of the 21st century.
The arabs also have realised that their oil will not last forever. They are now also investing in gold.
The world's coal reserves will be exhausted in anoher 50 years.
CM Yeddy of Karnataka has said that K'taka will deplete its iron ore by 2040.
