People who are shouting about rising prices and are blaming the government have no clue of what is happening in the world. This problem is not specific to India. This is a worldwide problem. So stop acting and jumping around like boys. Think before you open your mouth.
Crude oil is at $146 per barrel. It is 3 times more expensive that what it was a few years back. This is due to multiple factors but not limited to demand, supply uncertainty, Speculation, etc. Ethanol, which was cheered as an alternative to fossil fuel, is one of the biggest contributors towards rising prices. As the demand and hence price of corn has gone up, farmers end up making more by growing corn as compared to wheat and rice. Now what is used as feed to chicken and cattle? It is corn. Hence as the feed price has gone up, the price of chicken has also gone up.
How much do you expect the government to subsidize? And where is the government going to get that money. The government does not make money. It only collects money from us.
Now think about inflation and the nuclear deal and you will see the connection.
We need a diversified energy portfolio. Too much reliance on fossil fuel makes us susceptible to the price fluctuations that are inherent to the crude oil market.
You cannot look at inflation and our countries energy needs as two isolated challenges.
RE:Please Think before you write
by rocker on Jul 07, 2008 08:26 PM Permalink
it is obvious imran that you support cong but do not come into the propoganda of the world's prices .inflation rate in US and EU is 3-4%from 2%.do not compare india to somalia or zimbabwe. in china it is 6.8%.india is self sufficient in food grains but then why prices have gone high as 20% as impact of trans port cost is only 2% of total cost.support to hoarders and speculators is the main thing.
RE:Please Think before you write
by imran patel on Jul 07, 2008 08:35 PM Permalink
Thats all we can do...Name calling.
I have NEVER voted for cong in my life !!!
Have you ever realized why inflation is high in countries where government susbidizes things ?
Think a bit harder.
There is a limit to which the government can subsidize. But if global supply-demand affect prices, countries that do not subsidize see less effect than countries that subsidize.
That is because people in those countries fine-tune their life styles accordingly.
We have become do dependent on governments to provide for us. It is just shameful.
We want free education, free healthcare, Pensions, cheap oil, etc...How will the government fund this.
I advocate small government with limited role. It is not the role of government to regulate prices. The markets should decide that.
But we as a nation have been under the influence of communism for a touch too long. We do not trust the markets. but we trust these headless and spineless politicians.
Fool me once shame on you, fool me twice shame on me.
Fool me for the last 60 years, bharat maata ki jai !!!
RE:Please Think before you write
by Philo on Jul 07, 2008 08:56 PM Permalink
Well said what? Come to Canada. Education is FREE. Health care is FREE. They have pnsion plan. So your full support is for what? To a 12 year old ret@rd?
RE:Please Think before you write
by DS on Jul 08, 2008 11:32 AM Permalink
please write something that makes sense. throwing your yapper wide open on forums is not helping anyone.
RE:Please Think before you write
by sherly on Jul 07, 2008 09:45 PM Permalink
Hello man, don't talk to much about that idiot MMS - he will sell India to America. He'll get at least 1 billion USD for this deal. Then about the hike in petroleum price, open your bloody eyes and read the below split carefully, you fool. Basic Price = Rs 21.93 Excise duty = Rs 14.35 Education Tax = Rs 0.43 Dealer commission=Rs 1.05 VAT =Rs 5.50 CrudeOilCustomduty=Rs 1.10 Petrol Custom = Rs 1.54 TransportationCharge=Rs 6.00 =============================== Total price = Rs 51.90
So for a Rs 22 liter petrol at pumps we people pay Rs 28 tax extra.Govt. is thinking to impose more price hike to curtain with the current crude oil bubble in International oil crisis.
If Central Govt. wish, it can still reduce the price of petrol in the current crisis situation, but it doesn't intend to do so, instead trying to fool the people and Nation. This is the basis LEFT parties are opposing, just generating more profits for the oil marketing companies.
RE:Please Think before you write
by G U R U on Jul 07, 2008 08:19 PM Permalink
that is a gud simple comment. But I guess our leadrs should also do something to educate the common man. They should make small ads to be telecast on TV showcasing need for alternate energy sources and its benefits.
RE:Please Think before you write
by imran patel on Jul 07, 2008 08:26 PM Permalink
True...But no one wants to flip a channel amd educate themselves. That will deprive them from the immense knowledge gained from the "Saas bhi kabhi bahu thi" crap they watch.
RE:Please Think before you write
by Raj on Jul 07, 2008 08:39 PM Permalink
See the basic problem is thqat our Govt is fool. Petrol can still be sold at 40 Rs a litre and Diesal at 30 Rs a litre, even if fuel prices shoot upto 250$ per gallon. Ask me how? Our Govt. use our hard earned money to subsidise petrol and diesal in India, as mostly the fuel (Diesal and Kerosene) are used in villages and in transportation of goods. So If the Indian Govt do not put in a support of 60 - 80 billion dollars a year the fuel prices will become unaffordable. So wats the solution? It very simple if you think for it. See the Government gives this subsidised fuel to farmers and Transporters who in turn produce foodgrains/rice etc at the cheaper/ subsidised price and than WE SELL THESE foodgrains to Oil Producing and exporting countries at the same or even lesser rates. If our Govt. makes it compulsory that all exports of foodgrains will be done at the REAL PRICE (taking into account the actual fuel prices)the real price of Rice exported to Middle east should be 500-600 Rs. P.Kg and NOT Rs.35/- per KG. In case there are no buyers at that price, the Govt should ban export and instead give it free to farmers who commit suicides and die of hunger. Why should the Indian Govt. export food products at extremely cheap and in fact subsidised price to Middle east, the best will be if it sells rice in India for Rs. 5/- per Kg and sell, it in Middle for 500/- P.KG. All this problem of fuel prices can be soldved in a single day.
RE:Please Think before you write
by imran patel on Jul 07, 2008 08:50 PM Permalink
Raj,
Why do you want to be dependent on the government ?
It is not making money. If it subsidizes something, that makes something more expensive. The government just moves money from one account to the other. It does NOT create VALUE.
