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Another huge hike in petrol – high taxes and then a claim of subsidy

It was somewhat predictable, and yet shocked everybody. The Government had adjourned the budget session of Parliament, there are no state elections coming in for many months, and so it seemed like a time when there will not be too many objections (in terms of a ruckus in Parliament). So, after stating for many months […]

Fuel rates and the abandonment of populism to some degree by the Indian Government, but will this last

Finally, the Government seems to have taken a decision to move away from populism. The Government is drunk on the money that it earns from fuel, since it needs to provide funds for all the social welfare programs that it has launched, so there is no question of a reduction in fuel duty and excise […]