asterix Posted May 21, 2018 Share Posted May 21, 2018 Fuel prices are rising globally again after USA came out of the Iran Nuclear deal. Petrol price today touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 this morning in Delhi. If BJP Govt doesn’t do anything soon, it’ll hurt BJP during the election year. Knowing this Govt, it won’t do much as it’s very over confident. randomGuy and Clarke 2 Link to comment Share on other sites More sharing options...
dial_100 Posted May 21, 2018 Share Posted May 21, 2018 Would they push for GST? It will be done not sure how long this will be dragged though. Link to comment Share on other sites More sharing options...
kira Posted May 21, 2018 Share Posted May 21, 2018 #AccheDin sarcastic, Singh bling and Jimmy Cliff 2 1 Link to comment Share on other sites More sharing options...
asterix Posted May 21, 2018 Author Share Posted May 21, 2018 Would they push for GST? It will be done not sure how long this will be dragged though.GST could take time for this.The least BJP can do is to reduce central excise and also ask BJP rules states to reduce local taxes.It’s an arrogant govt. It has made lots of profit by not reducing the taxes and oil prices when Global Oil prices were low...Looks like this BJP like to get kicked in the nuts to learn.., Link to comment Share on other sites More sharing options...
Tibarn Posted May 21, 2018 Share Posted May 21, 2018 29 minutes ago, asterix said: GST could take time for this. The least BJP can do is to reduce central excise and also ask BJP rules states to reduce local taxes. It’s an arrogant govt. It has made lots of profit by not reducing the taxes and oil prices when Global Oil prices were low... Looks like this BJP like to get kicked in the nuts to learn.., It won't learn regardless. It wants the money for giving SOPs for elections. Link to comment Share on other sites More sharing options...
Gollum Posted May 21, 2018 Share Posted May 21, 2018 BJP should tread carefully now, if they don't get a clear majority alone in 2019, we will have a very turbulent 5 years. Switchblade 1 Link to comment Share on other sites More sharing options...
FischerTal Posted May 21, 2018 Share Posted May 21, 2018 They can’t do much when US has put sanctions on Iran. The only possible way is to reduce the taxes on petrol like Mannu used to do, which will leave India with an even bigger deficit than what Mannu left behind. Link to comment Share on other sites More sharing options...
Straight Drive Posted May 24, 2018 Share Posted May 24, 2018 As if the high service taxes were not enough, these petrol prices are also on rise. Excuses and resons will come, the bottom line is common man suffers. Will BJP win again in next elections ? Link to comment Share on other sites More sharing options...
Clarke Posted May 24, 2018 Share Posted May 24, 2018 (edited) On 5/21/2018 at 7:13 PM, Tibarn said: It won't learn regardless. It wants the money for giving SOPs for elections. Well, NOW is the time to start those sops, they can't wait for EC code of conduct some time next year, can they ? Edited May 24, 2018 by Clarke Link to comment Share on other sites More sharing options...
dial_100 Posted May 24, 2018 Share Posted May 24, 2018 9 minutes ago, Straight Drive said: As if the high service taxes were not enough, these petrol prices are also on rise. Excuses and resons will come, the bottom line is common man suffers. Will BJP win again in next elections ? I agree. I would replace BJP for sure but I am confused between Lallu's son, Mayawati, Mulayam or Owaisi, who would be my PM. May be SPawar or Mamta can do better job. Or even better if RG takes over then I will feel much safer. Link to comment Share on other sites More sharing options...
Clarke Posted May 24, 2018 Share Posted May 24, 2018 So what was the price of petrol in 2007-8 when oil touched $140+ per barrel ? Brent isn't even 80 currently. As OP correctly said, BJP seems overconfident. MMS & Chidambaram would empty the treasury lock stock & barrel and then write some more credit checks to win elections, that too in UPA alliance mode. This govt is doing the dirty work of cleaning up the NPAs but if you're not serious about winning the election, all the work done will amount to nothing. NDA2 surely needs to learn from the mistakes of NDA1. The latter bumped kerosene price by a multiplier of 4 and the architect of that policy, Yashwant Sinha, was frank enough to take some responsibility for the loss. He's aged quite a bit since then. Sustained higher oil prices shall be the strongest catalyst towards increase of sustainable energy & transport means. Link to comment Share on other sites More sharing options...
vvvslaxman Posted May 24, 2018 Share Posted May 24, 2018 They will win by less margin lol That is all going to happen Link to comment Share on other sites More sharing options...
FischerTal Posted May 25, 2018 Share Posted May 25, 2018 (edited) 6 hours ago, vvvslaxman said: They will win by less margin lol That is all going to happen maybe 15 lakh in each Jan Dhan account. Edited May 25, 2018 by FischerTal velu 1 Link to comment Share on other sites More sharing options...
FischerTal Posted May 25, 2018 Share Posted May 25, 2018 (edited) On May 21, 2018 at 6:58 AM, Gollum said: BJP should tread carefully now, if they don't get a clear majority alone in 2019, we will have a very turbulent 5 years. Relax. One Modi increased BJP's seat number to 104 in Karnataka. No matter what people say, he is still quite popular in India. All they need to do is announce one big sop for common man. They know what to do. they are sitting on such a big surplus of cash. all it requires is one more announcement on national TV. "Ye lo 15 lakh rupay, hum hamari zabaan se nahi atke" Edited May 25, 2018 by FischerTal Link to comment Share on other sites More sharing options...
surajmal Posted May 25, 2018 Share Posted May 25, 2018 23 minutes ago, FischerTal said: Relax. One Modi increased BJP's seat number to 104 in Karnataka. No matter what people say, he is still quite popular in India. All they need to do is announce one big sop for common man. They know what to do. they are sitting on such a big surplus of cash. all it requires is one more announcement on national TV. "Ye lo 15 lakh rupay, hum hamari zabaan se nahi atke" UBI will be announced, I'm sure of it. Natural progression from Direct benefit transfer. And middle class will hate him for that. But Namo knows which voters can be had with SOPs. I like that he still hasnt buckled under pressure regarding MSPs. Inflation control is hugely important for atleast limiting the damage that is being done to middle class voter base. It will ensure the worst case scenario is simply these urbanites staying home or voting NOTA and not committing mass suicide by voting for gungadeens. Sure, that's bad enough but SOPs being handed out to rural folk will balance things out. Just need 272, RS majority will happen sometime next year as well. After that you get CORE on your side by passing through key legislations. Link to comment Share on other sites More sharing options...
FischerTal Posted May 25, 2018 Share Posted May 25, 2018 1 hour ago, surajmal said: UBI will be announced, I'm sure of it. Natural progression from Direct benefit transfer. And middle class will hate him for that. But Namo knows which voters can be had with SOPs. I like that he still hasnt buckled under pressure regarding MSPs. Inflation control is hugely important for atleast limiting the damage that is being done to middle class voter base. It will ensure the worst case scenario is simply these urbanites staying home or voting NOTA and not committing mass suicide by voting for gungadeens. Sure, that's bad enough but SOPs being handed out to rural folk will balance things out. Just need 272, RS majority will happen sometime next year as well. After that you get CORE on your side by passing through key legislations. After that, you get to see the real Modi and not this kadi ninda version Link to comment Share on other sites More sharing options...
asterix Posted May 25, 2018 Author Share Posted May 25, 2018 I’m expecting some announcement by GOI regarding fuel prices pretty soon... Link to comment Share on other sites More sharing options...
FischerTal Posted May 25, 2018 Share Posted May 25, 2018 (edited) Off topic, but if anyone is wondering why pakistan is violating border ceasefire everyday recently, it is because UN refuses to accept their complaint on Kishanganga hydroelectric project that Modi recently inaugurateD. The man is doing everything he can despite lack of majority in RS Edited May 25, 2018 by FischerTal Link to comment Share on other sites More sharing options...
rkt.india Posted May 25, 2018 Share Posted May 25, 2018 (edited) 23 hours ago, Clarke said: So what was the price of petrol in 2007-8 when oil touched $140+ per barrel ? Brent isn't even 80 currently. As OP correctly said, BJP seems overconfident. MMS & Chidambaram would empty the treasury lock stock & barrel and then write some more credit checks to win elections, that too in UPA alliance mode. This govt is doing the dirty work of cleaning up the NPAs but if you're not serious about winning the election, all the work done will amount to nothing. NDA2 surely needs to learn from the mistakes of NDA1. The latter bumped kerosene price by a multiplier of 4 and the architect of that policy, Yashwant Sinha, was frank enough to take some responsibility for the loss. He's aged quite a bit since then. Sustained higher oil prices shall be the strongest catalyst towards increase of sustainable energy & transport means. In 2007, govt was giving subsidies on oil and prices were in govt control. Govt was paying for the losses the oil companies were making. Congress in their second regime, removed the subsidies and oil price control went into the hands of oil companies. Now govt Dont decide the price, they can only decide taxes on it. One more thing, Congress govt had left a oil bill of billions of dollars of Iran, Modi govt paid half of that in 2016. Edited May 25, 2018 by rkt.india Clarke 1 Link to comment Share on other sites More sharing options...
Clarke Posted May 25, 2018 Share Posted May 25, 2018 1 hour ago, rkt.india said: In 2007, govt was subsidies on oil and prices were in govt control. Govt was paying for the losses the oil companies were making. Congress in their regime, removed the subsidies and oil price control went into the hands of oil companies. Now govt Dont decide the price, they can only decide taxes on it. One more thing, Congress govt had left a oil bill of billions of dollars of Iran, Modi govt paid half of that in 2016. Correct, now I remember the deregulation during UPA2. A new scheme isn't really required. The deployment of earlier existing ones (e.g. MGNREGA), newly introduced schemes (electrification, cooking gas, health insurance) and some tactical farm loan waivers should do the job. Link to comment Share on other sites More sharing options...
Recommended Posts