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Petrol V/S Bread

Created by : Babu Kandasamy, Sr. Associate, Yes Bank  | 12 28 2008 19:40:38 +0000
Industry : Equity Research/AnalyticsFunctional Area : India(Markets)
Activity:  254 views;  last activity : 07 06 2010 20:18:09 +0000
In inflation is it correct to high the price for bread and lower it for petrol?
  
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Arguments in: "Petrol V/S Bread"
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If the prices of petrol were not lowered people have to give a high tax duty which was against the will of the mass and due to that prices were lowered.
By Babu Kandasamy, Sr. Associate, Yes Bank  | 12 28 2008 19:40:38 +0000
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According to Maslow's hierarchy of needs physiological needs are the base. Food, water, sleep, house, dress and excretion. Make arrangements for basic needs when situation goes wrong. What is the use of reducing the price of petrol?
By Raju Ramalingam, Business Analyst, Rhytha Web Solutions  | 01 24 2009 17:49:12 +0000
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There are basic necessities of life without which people cannot live and that need to be maintained by the govt. to such a level that at least in the bad economic condition also people could have meals at least twice a day.
By Pravin Patil, Associate, Kotak Mahindra  | 12 28 2008 19:44:15 +0000
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