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Increase of prices on diesel and cooking gas – financial reform ?

For some time now, there has been a lot of pressure on the Government to take steps that demonstrate financial reform. These are in many varied areas such as allowing increased foreign investment in the pension sector, in airlines; allowing 100% foreign ownership in retail, reform in labour sector, and in reform of the petroleum […]

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 […]