The Prime Minister appointed "expert panel" has come up with a recommendation of a steep fuel price hike. While India is already battling a ridiculously high inflation, I wonder how how an expert panel can come up with such a recommendation. I doubt if they have taken a holistic view considering the overal economic impact before they made such a recommendation.
We haven't had any reactions yet from either the Prime Minister or any of the State Governments. I am sure there will be some heated outbursts very soon.
At the one hand elections are still being fought (after more than 5 decades of independence) on fundamental needs, Governments on the other, don't hesitate to give away Television Sets as freebies to people under the poverty line. When they can't even afford to buy cooking gas, what would they do with a television set ? Can't they cut down all these and subsidise fuel at least for the poor people?
Why should someone driving a Merc get subsidised Diesel? Can't Diesel subsidies be given only to the poor?
There are many more questions, but apparently no answers.
Thursday, February 4, 2010
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