An Excellent article! It hits the nail on the head. Just goes to prove what would happen if we blindly follow the advise of the so-called "capiltalism" are "free market" goons, without sparing a second thoughts to whether the policies advocated by such criminals actually relate to "free market" and "capitalism" after all; or it is colonialism in disguise.
RE:An Excellent article
by MS on May 27, 2008 07:59 PM Permalink
Fuel is still cheaper in India than in Europe. It costs 93 rupees a litre in Germany. We should reduce our addiction to foreign oil by raising fuel prices.
Lesser Oil consumption means lesser forex outflow. Lesser Forex outflow means stronger rupee. Stronger Rupee means lesser inflation.
RE:An Excellent article
by mate on Jun 21, 2008 01:14 AM Permalink
We cannot compare the fuel situation in India with Developed countries like Germany or UK. Even though Fuel is costly there, their per capita income is more. Also their public infrastructre and public transporation systems are so good, that fuel price rise has not such a drastic impact as it has in Inida.
