Indian subsidy of $2 per gallon of gasoline and even more on natural gas and diesel bleeding Indian state run oil and gas enterprises by billions
Babu Ghanta
May 22, 2008

It is a shame what Indian Government has done. They have shielded the poor native Indians from the shocking oil and gas prices for years to gain the votes. The state owned and run gas companies are bleeding more than $100 billion per year. Gasoline is sold to every Indian $2 per gallon less than the average market prices all over the world.

The Government has finally ran out of money and is now ready to shock the Indian population with facts of reality.

The Cabinet headed by Prime Minister Manmohan Singh may meet on Friday to consider raising petrol and diesel prices among other measures to bailout state run firms that have been reeling under unprecedented high crude prices.

Petroleum Minister Murli Deora on his part neither denied nor confirmed Cabinet being scheduled for Friday.

"We are discussing all possible measures to help and protect our public sector oil companies... some remedial measures need to be taken (urgently)," he told reporters.

Indian subsidy of $2 per gallon of gasoline and even more on natural gas and diesel bleeding Indian state run oil and gas enterprises by billions
Babu Ghanta
It is a shame what Indian Government has done. They have shielded the poor native Indians from the shocking oil and gas prices for years to gain the votes. The state owned and run gas companies are bleeding more than $100 billion per year.
READ MORE>>

Slowing growth and hyperinflation is the recipe for Sensex bear market – where is the real bottom
Rama Rao
Stock market technicians know that the nastiest combination for stock market is the slowing growth and hyperinflation. Economist call it the stagflation, stockbrokers call it the killer.
READ MORE>>

India’s Goevrnment owned oil companies bleeding more now as Finance Ministry cuts the subsidy without allowing any price hike
Sonia Joshi
The oil companies in India owned by the Government are hoping one day India will join the free world where Government does not control the price of the petroleum products to show the world growth in the economy.
READ MORE>>

Indian hyperinflation reaches 7.61% but India commence minister calls Indian growth unstoppable
Juhi Singhal
The ignorant and incompetent Kamal nath of India forgot the basic law of economic in a global economy – hyperinflation is followed economic downturn because of lack of liquidity and higher rates.
READ MORE>>

Marxists in India blame America for price hike of food – they lack common sense and are misinformed
Pravin Kashyap
There they go again. Any fault in India – blame it on America. The shameless communists in India blame now America for India’s food price hyperinflation. These communists lack common sense and are totally misinformed.
READ MORE>>

Tata Group's retail venture Trent transforming Indian retail sector to American style – can India follow American model?
Anil Rane
It may be ridiculous to even think that you can take an American model of doing business and implant in the middle of Indian ethos. But that is exactly what Indian oligarch Tata is doing to repel the influences of WalMart and others.
READ MORE>>

India pans to suspend futures trading on grains but the blame on hyperinflation in food must be put on the current Government and its nonsense policies
Kirit Menon
It was wrong to divert IT outsourcing and Foreign Direct Deposit money to support $75 billion blood bath in Indian Government owned oil companies in order to subsidize the gasoline, diesel, kerosene and natural gas prices.
READ MORE>>

MORE ARTICLES >>