tag:blogger.com,1999:blog-16920821.post4311919102895084923..comments2023-03-28T13:10:07.462+05:30Comments on Valluvar's Musings: Why the left is wrong on energy taxationShiv Senthivelhttp://www.blogger.com/profile/18135767169210587802noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-16920821.post-43010813701650612752008-06-24T11:18:00.000+05:302008-06-24T11:18:00.000+05:30Shiv replies to Shyl... While i can see where you ...Shiv replies to Shyl...<BR/> <BR/>While i can see where you are coming from, my views are based on reality. One cannot consume more than they have. While fiscal deficit spending is the norm, it cannot be sustained without some extreme action like imperialism. Inflation is a result of rising income levels and the consequent rise in fuel prices. In fact i would argue that the fuel prices are a result of inflation rather than the cause. One needs to take a 10,000 ft view of these. As such the miracle of 8% growth for a decade must be accepted with its siamese twin, inflation. You dont create surpluses of 100ś of billion every year (India is after all a trillion dollar economy) at this growth rate and expect prices to be static. Even communist china faces the problem of excess cash flow in the local economy leading to inflation.Shiv Senthivelhttps://www.blogger.com/profile/18135767169210587802noreply@blogger.comtag:blogger.com,1999:blog-16920821.post-49895409302553173842008-06-19T11:16:00.000+05:302008-06-19T11:16:00.000+05:30Let me put my comments here - Why I personally doe...Let me put my comments here - Why I personally doesn't agree to the hike that in place in India.<BR/><BR/>1. The hike doesn't solve the problem of Oil Companies. Still they are in G8 loss, May be a small relief.<BR/><BR/>2. Why the govt hike the price and the next day asking state to reduce the tax <BR/>on it ? - They feel the heat from the common people. <BR/><BR/>3. Govt should not have increased the prize of Diesel at any cost- Think of the avg people in India. They are no way in a position to handle the prize hike of the essential commodities. <BR/><BR/>4. Govt should have taken some bold steps to get the proper tax from major BigGuns of India and use it for the welfare of the farmers.<BR/><BR/>5. Loan waver is a foolish thought as it will not help people to be productive, than they can use the money to keep the diesel prize stable.<BR/><BR/>6.Considering our neighbors India is paying maximum for Oil , If i am correct.<BR/><BR/>7.Even in this critical situation India doesn't show it's caliber to go ahead with the Gas Pipeline from Iran, they are more worried about US's opposition. <BR/><BR/>8. Even with out oil prize hike Our inflation was rising to new heights-shyl...https://www.blogger.com/profile/09755304059110514400noreply@blogger.com