Why government is not cutting petrol, diesel prices?
In this Video Social Activist Anand, Author Venkatesh B. Athreya, Financial Expert Anand Srinivasan shares their thoughts on India's Petrol, diesel price hiked for sixth consecutive day. Se.Tha.Elangovan presenting this video. #PetrolDieselPriceHike #petrolprice
The unprecedented hike in the prices of fuel have drawn unfavourable comments for the Bharatiya Janata Party (BJP)-led central government. Petrol and diesel prices have gone up every day. The prices of petrol and diesel are at an all-time high across the country. The prices of petrol and diesel are moving north taking the cue from international markets, where crude oil has seen a sharp rise in costs. The oil problem gets complicated for India due to the free fall in the strength of rupee against the dollar (today at 71.75, having touched the lowest mark of 72.91 on September 12). However, despite the sudden rise in petrol and diesel prices leading to tremendous pressure build-up on the government to cut excise duty, there is no indication that the oil prices will come down on an intervention from the Modi regime. But why will the government not intervene to bring relief to the people? It is a complicated question in an election year and the answer also lies in the intricacies of electioneering. Taxes on petrol and diesel are important sources of revenue for both the Centre and states. Budget 2018-19 proposed a wide-ranging expenditure on the social outreach and empowerment schemes of the government. A cut in taxes on petrol and diesel will hit the government’s spending on these schemes.
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CREDITS
Host & Script - Se.Tha.Elangovan | Camera - Suresh | Edit - Sundaravindan,Senthil
Secrets Exposed : Why government is not cutting petrol, diesel prices? vikatan pasumai | |
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| News & Politics | Upload TimePublished on 17 Sep 2018 |
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