Hiee friends ....
wats up... :)
Recently we saw a hike in diesel prices and some changes in FDI(Foreign Direct Investment) policies
Increase in diesel prices by Rs.5,limiting the supply of LPG cylinders to 6 in a year,clearance of 51 % FDI in retail sector,Policy Changes in Aviation Sector,Rate changes by RBI.
There were protests all over the country by the public as well as opposition parties.
The reason RBI and policy makers gave was primarily to consolidate fiscal gap(Difference between earnings and expenditure)
On the government decision to allow FDI into multi-brand retail, it has been said that it will create an opportunity to improve infrastructural facilities in the agricultural marketing field which may ultimately lead to price reduction,due to wide variety and easy availability.And also it will strengthen our growth process and generate employment in these difficult times
But we see from a different prospective,it will push up inflation in the near run.For Example,Diesel hike causes Rs.1200 crore burden on Indian Railways,yearly.
Whats new is Mamta Bannerjee protested to take her support back,but today when Samajwadi party lended its support.
As a result Sensex closed after rising 403 points at 18752.
Tomorrow there's a news that our PM Dr.Manmohan Singh is going to give a message that why this diesel hike and other changes are being done.The Prime Minister is also likely to explain the reason behind the hike in diesel prices citing under recovery by oil marketing companies. He could also put forth the government's stand on capping the number of LPG cylinders to six per annum.
Singh would also touch upon various economic reforms being pushed by the UPA government.
But if these reforms will continue at greater pace,then it will surely create problems for Indian Public and growth of the country.
wats up... :)
Recently we saw a hike in diesel prices and some changes in FDI(Foreign Direct Investment) policies
Increase in diesel prices by Rs.5,limiting the supply of LPG cylinders to 6 in a year,clearance of 51 % FDI in retail sector,Policy Changes in Aviation Sector,Rate changes by RBI.
There were protests all over the country by the public as well as opposition parties.
The reason RBI and policy makers gave was primarily to consolidate fiscal gap(Difference between earnings and expenditure)
On the government decision to allow FDI into multi-brand retail, it has been said that it will create an opportunity to improve infrastructural facilities in the agricultural marketing field which may ultimately lead to price reduction,due to wide variety and easy availability.And also it will strengthen our growth process and generate employment in these difficult times
But we see from a different prospective,it will push up inflation in the near run.For Example,Diesel hike causes Rs.1200 crore burden on Indian Railways,yearly.
Whats new is Mamta Bannerjee protested to take her support back,but today when Samajwadi party lended its support.
As a result Sensex closed after rising 403 points at 18752.
Tomorrow there's a news that our PM Dr.Manmohan Singh is going to give a message that why this diesel hike and other changes are being done.The Prime Minister is also likely to explain the reason behind the hike in diesel prices citing under recovery by oil marketing companies. He could also put forth the government's stand on capping the number of LPG cylinders to six per annum.
Singh would also touch upon various economic reforms being pushed by the UPA government.
But if these reforms will continue at greater pace,then it will surely create problems for Indian Public and growth of the country.
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