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Showing posts from June, 2013

Ideas about the budget and a few suggestions to boost the economy -- As written on 4th Feb 2013

I am having a diesel car for my own use but I do not mind if you increase the price of diesel to the extent that the companies who produce diesel at least do not make a loss. But besides a rise in inflation that would influence the decision to raise diesel prices, the decision should not burden a class of society that depend on it, raising interference from your allies. Alternatively, I can suggest that you increase the excise duty on diesel cars to compensate for the one lakh crore subsidy presently being paid by the government on diesel. Although lobby of diesel car manufacturing companies would not leave any stone unturned to stop you.
 My wife is very happy that the LPG cylinder that she uses is in fact 70% cheaper than its actual cost. I don’t mind if you tax her by raising LPG prices to the extent that LPG producing companies make a reasonable profit. I am certainly in favor of making LPG available to below middle class at a cheaper rate. You have to find out a solution for this.…