Nasty impact on common people from India's Gasoline and diesel price hike
Kiran Chaube
Jul. 2, 2009

People are upset. Politicians are out of touch with common people. Export is dying. Jobs are disaapearing. Infaltion is rampant.

The fixed income senior citizens in India are hurting very badly. India allowed state-run oil firms to increase prices of transport fuels, resulting in gasoline becoming dearer by Rs.4 per litre and diesel by Rs.2 per litre, following successive increase in global crude prices.

Indian government will continue to incur a subsidy of Rs.15.26 per litre and Rs.92.96 per cylinder on these two fuels, respectively.

The move, which just comes just a day ahead of parliament resuming legislative business Thursday, is bound to invoke strong protests by the opposition. The Left parties had already threatened an agitation.

Nasty impact on common people from India's Gasoline and diesel price hike
Kiran Chaube
People are upset. Politicians are out of touch with common people. Export is dying. Jobs are disaapearing. Infaltion is rampant.
READ MORE>>

India's exports fell an annual 30 per cent in May to $11 billion, its eighth consecutive monthly fall; Trade deficit halved
Suvash Nehra
Indian imports dropped 40 per cent to $16 billion in May.Trade deficit halved to $5 billion in May from $11 billion a year earlier.
READ MORE>>

India plans to fight poverty, boosting economic growth and reject greenhouse gas emission targets
Manoj Malhotra
India's per capita greenhouse emissions lag far behind rich countries and it feels the developed world should take the lead on tackling climate change.
READ MORE>>

Mayawati is spending Rs 1000 crore on establishing statues of elephants and herself : Chidambaram
Sonia Chopra
She is spending Rs 1000 crore on establishing statues of elephants and herself. Can there be something more shameful than this in Indian politics? Chidambaram asks.
READ MORE>>

Air India strike averted - emplyees get their pay without any pay cut
Kiran Chaube
Yielding to pressure from its employees, cash-strapped national carrier Air India on Monday decided to give them their June salary on July 3, instead of July 15 it decided earlier.
READ MORE>>

Tata Motors posted a net loss of Rs 2,505 crore – signs of big Indian depression led by greed for acquiring the goodies of the West at any cost
Balaji Reddy
This symptom is not restricted to just Tata Motors. Most of the Indian industrialists in recent days have tried to acquire goodies from the Western nations at any cost to add these charmers to their mausoleum of prestige items.
READ MORE>>

Indian economy faces deep recession with below par monsoon if not a drought in several states
Shankar Rao
The roaring recession in the West is affecting India already. The drought related recession would create massive chaos in Indian economy.
READ MORE>>

MORE ARTICLES >>