This is a crazy thought. Why should tax payers bear the brunt of petrol subsidy when petrol users are not the common man. I do not own a vehicle, but this cess will mean, I pay the fuel charge for some rich guy owning cars.
Read more..
http://timesofindia.indiatimes.com/Business/Govt_mulling_oil_cess_on_income_tax_/articleshow/3075924.cms
Tuesday, May 27, 2008
Monday, May 26, 2008
Oil subsidies are bogus socialism
Oil hit a record $135/barrel last week, up from $51/barrel in January 2007. Taking a longer four-year perspective, the price of the crude is up 230%, but Indian petrol is up only 35%, diesel 46%, and kerosene not at all!
Why not? Because government diktat obliges oil marketing companies to provide massive implicit subsidies to consumers that may touch a staggering Rs 200,000 crore this year. Subsiding oil consumers — most of whom are middle class or rich — makes no sense in a poor country. The Arjun Sengupta Committee found that most people live on less than Rs 20/day. But the implicit petrol subsidy for many car-owners exceeds Rs 100/day. This offends both justice and economic sense.
(Article by Swaminathan S Anklesaria Aiyar)
Read more ..
http://timesofindia.indiatimes.com/Columnists/S_A_Aiyar_Oil_subsidies__socialism/articleshow/3069493.cms
Why not? Because government diktat obliges oil marketing companies to provide massive implicit subsidies to consumers that may touch a staggering Rs 200,000 crore this year. Subsiding oil consumers — most of whom are middle class or rich — makes no sense in a poor country. The Arjun Sengupta Committee found that most people live on less than Rs 20/day. But the implicit petrol subsidy for many car-owners exceeds Rs 100/day. This offends both justice and economic sense.
(Article by Swaminathan S Anklesaria Aiyar)
Read more ..
http://timesofindia.indiatimes.com/Columnists/S_A_Aiyar_Oil_subsidies__socialism/articleshow/3069493.cms
Sunday, May 11, 2008
More on Agriculture in India
The number of people dependant on agriculture has gone up... there are 70 crore people in India now...
Yes, this is unique to our country -- that the number of people dependant on agriculture has not gone down. In countries like the US, Japan etc, only two to three per cent of the population is dependent on agriculture. 97 per cent is involved in other vocations.
But in our country, two-thirds of the population is involved in farming, which includes animal husbandry, crop husbandry, fisheries, and forestry. That is why there is so much rural poverty.
Read more ..
http://specials.rediff.com/money/2008/may/06mss2.htm
Yes, this is unique to our country -- that the number of people dependant on agriculture has not gone down. In countries like the US, Japan etc, only two to three per cent of the population is dependent on agriculture. 97 per cent is involved in other vocations.
But in our country, two-thirds of the population is involved in farming, which includes animal husbandry, crop husbandry, fisheries, and forestry. That is why there is so much rural poverty.
Read more ..
http://specials.rediff.com/money/2008/may/06mss2.htm
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