Economics
(This is a quick-post on an issue that is plaguing the country – fuel prices and the subsidies)
Most right-wingers are instinctively economic liberalizers at heart (not “liberal”, mind you). We believe in free competition, free-pricing, and yes, no subsidies (mostly). So why is it that most right-wingers have reacted cautiously and negatively to this “Big-Bang Reforms Friday” in general and the fuel price hikes in particular?
There are three problems that I have with the issue that the government has loaded the “Aam-Aadmi” with:
As a country we need to accept that the government (both states and central) treat the fuel sector as a milch cow for revenue generation and are lying about the fact that they are making losses due to the “fuel-subsidy”!
But we still need a solution to this problem as the current situation cannot be allowed to continue.
Despite not being a “fuel-industry” expert, I have the following recommendations to make:
The above simple steps will have the following impact:
Like I have always maintained in life, solutions to complex problems are simple, but it is almost impossible to get the government to do “simple” things!
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