RE:banning its trading on commodity exchanges
by Devesh Singhal on May 26, 2008 05:55 PM Permalink
Increase price of diesel and petrol. Let car owners feel the pinch....OK OK . But, should we not try to imagine why the road conditions are poor. Except for metros, go wherever u like, your fuel average will reduce at least by 25%. Your scooter, cars trucks consume 25-30% more fuel on such roads. Traffic controls are poor resulting in frequent braking the vehicle.
Tell me, If u want to reduce electricity bill at home, what will u do?
1. Use CFL in place of bulb; Une energy efficient star rated fridge, AC etc. or
2. Switch off your mains supply for several hours a day?
RE:banning its trading on commodity exchanges
by Aviram Vijh on May 26, 2008 05:47 PM Permalink
all temporary measures... that is the sign of a free economy..the govt has already banned futures trading of agri products...why? why doesnt the farmer have to right to get the highest possible price determined by market forces?
RE:banning its trading on commodity exchanges
by Siddharth Pandit on May 26, 2008 07:54 PM Permalink
The investment money in the oil market is only a fraction of total oil trade in the world. Hence curtailing this would not be of great use. One should not be using this as an excuse for a surge in demand. The only way the prices can be curtailed in the so called free market economies should be the demand. All the consumers should look to curtail the demand. One of the solution presented makes sense which is not to regulate the price of petrol. This step alone with save the exchequer about 20,000 crore rupees annually. Yes for now the price of diesel should be controlled so that it does not effect inflation. But measures should be put in place to ensure that the we slowly reduce the subsidies provided for diesel as well. I can list only a few points here and it would be best left for the experts to determine which one should be used. Develop infrasture of railways to transport the goods Use alternative energy sources techology developed around the world (e.g. Brazil). Use better technolgies (e.g. Canada, Norway) to explore the oil reserves and become less dependant on imported oil. Nuclear, Geothermal, Wind resources to generate electicity. Adapt better techonology in Coal (India has a good resource of this) to convert it into more usable applications.
