Price fixing probe will not help, Indian and Chinese economy must be slowed down through outsopurcing tax to lower the oil price
Harish Baliga
Apr. 26, 2006

India and China are the root cause of higher oil prices. Not a single Indian or chinese in Asia has paid fair market price for oil. They keep buying cars while their Governments subsidize their standard of living illegally diverting funds from Foreign Direct Invetstments. If Chinese and Indians will pay fair market price for what they buy, the inflation in energy price will disappear in one week! According to media reports, President George W. Bush stepped up efforts to combat rising petrol prices, calling for an investigation into possible price manipulation and announcing plans temporarily to stop deposits to the strategic petroleum reserve.

However, the problem of price fixing lies with Indian and Chinese Governments.

Price fixing probe will not help, Indian and Chinese economy must be slowed down through outsopurcing tax to lower the oil price
Harish Baliga
President Bush called for price fixing probe in Petrol markets. But the price fixing is actually happening in India and China.
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Patni's Q1 Revenues up 31% at US$ 130 million (Rs. 5,776 million)
Media Release
Patni Computer Systems Limited (Patni), a global IT services provider, today announced its financial results for the first quarter ended 31 March, 2006
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Chines Airlines eye Indian stewardesses
Media Release
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India and Germany to create enabling environment for businesses of both countries : Indian Prime Minister in Germamy
Media Release
Inviting German investment in India, Prime Minister Manmohan Singh on Monday said his government will create an enabling environment conducive to such a step.
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After India Bill gates ready to exploit Vietnam now
Media Release
The Microsoft Chairman feels that Vietnam has the potential to develop as an outsourcing hub like India.
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Satyam Computer Services posted a 35.96 per cent rise in net profit at Rs 2.89 billion (US$64.1 million)
Media Release
Total income increased 31.56 per cent to Rs 12.87 billion for the fourth quarter in 2005-06 from Rs 9.78 billion in the year-ago period, the company informed the Bombay Stock Exchange.
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Auto giant BMW, component manufacturer Bosch and commercial vehicle maker Mann to invest big time in India
Media Release
Auto giant BMW, component manufacturer Bosch and commercial vehicle maker Mann have committed to set up or expand their manufacturing facilities in the country.
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Vietnam’s software engineers dream of starting their own Microsoft but little they know about the intricate closed door corporate clubs that is designed to exclude them
Media Release
Thousands of students rushing forward to get a glimpse of the world's richest man - little they know they are destined to serve and not lead....
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