Build your professional network on facebook via our app Go to app
 
 
Posted in Community :

Energy Professionals |

Power Professional

 
Created by : manoj kumar bansal, MBA/PGDM student, icfai national college  | 02 04 2010 09:15:14 +0000
Industry : BankingFunctional Area : Personal Finance(Personal Interests)
Keywords : indian economy
Activity:  229 views;  last activity : 07 06 2010 20:18:09 +0000
 
Share
 
 
  Rate : 
 
 
sopporting Vs against
2
 
 
 
 
0
2
0
Support   Support
 
0
0
Kirit Parikh report has suggested the government to deregulate the oil prices in the country. I believe that at least this report will address all the problems of government-owned oil companies, which may also provide a level playing field to the private oil marketing companies. And the financial budget must provide a roadmap for de-regulation of petro-product prices or a more transparent subsidy-sharing mechanism should be announced. I also think that before they freeing up the price they also should remove un-neccesary tax burden on the fuels. More than 50% of the prices are because of various taxes and duties.

By Vineet Prakash, Sales/BD Manager, Tata Power  | 02 05 2010 12:12:39 +0000
0
0

The government is considering a proposal to deregulate

fuel prices. This move is expected to ease pressure on government finances and improve earnings of state-run oil marketing companies.

The government sets retail prices of petrol, diesel, cooking gas and kerosene to help control inflation and protect consumers from sharp fluctuations in energy prices. The price-setting policy affects earnings of OMCs such as BPCL, HPCL and Indian Oil which are forced to sell fuel at below the prevailing market rates, for which the government provides certain subsidies to such companies to compensate the sale of fuel at cheaper rate .If the cabinet accepts the Parikh Panel recommendations about the petroleum product prices deregulation, then it would be taken as a progressive reform by the market and will send positive signals about our economy. In fact fuel, fertilizer and food subsidy are major reasons for large fiscal deficit and if we can reduce this burden by undertaking such reforms then it will lead to better investor sentiments towards India.


By manoj kumar bansal, MBA/PGDM student, icfai national college  | 02 04 2010 09:15:14 +0000
Leading Recruitment Firm
Leading Recruitment Firm
Viewers also viewed
Support the price rise. vs Do no support the price rise.
 
269 referals 15 arguments, 4793 views
THE  GENERAL APPREHENSION OF THE CONSUMER IS THAT THE ONLY ASSURED SAVING INCOME WILL BECOME A...
 
0 referals 4 arguments, 189 views
Bollywood is becoming famous world-wide. At the same time, our Businessmen are climbing the list...
 
49 referals 9 arguments, 362 views
more...  
Recent Knowledge (1)
These days as I switch on the tv or radio or look at a hoarding I do feel that power of ads I...
 
3004 referals 23 arguments, 482 views
more...  
More From Author
7 Ways to Make a Great First Impression We have all heard this warning: ‘You never get a second chance to make a good first impression.’ In fact, psychologists caution that we only have from seven to seventeen seconds of interacting with...
Mba student to a sweeper with lot of ego: I have a degree, i have respect in society, i have freind circle... what the hell do you have?? Sweeper: I have a JOB .
Strategy of institutional selling
more...