Quote:
|
Originally Posted by sahilgoyal all said and done .. why blame the oil companies for the hike. what will a day of boycott do ... companies are themselves finding it difficult to live up to high international prices?
Instead of boycotting ... reduce the dependence on petrol.
@LIFE.. i am waiting for the indian context of yours.. ur above post was ver informative... though a bit long |
well
hi sahil....
mate u r rite...........why to blame companies!!!??
they have no fault of their own.......................!
they are public sector undertakings.............otherwise................ ..instead of debating against price being 45-50rs........we would have been debating.. n protesting for improv public transport the country over!...coz the petrol price would have been no less than 80-85 rs.....same for diesel.50 odd
we would have had no choice but for.....???!!!!!.!!!!!!............
its coz we are a developing nation....with r eye on global world that we can't let inflationary pressures....... n balance of payments to go adverse.......coz ultimately.....that expenditure by public means reduces investment....or reduced savings in economy due to lower after needs disposable income!
the kind of subsidies that IOC the biggest revenue generating indian co/ yes bigger than ONGC..also.....makes losses...shares burden worht 14000crore anullay....thats wierd......!!these eq.. will change.....with more differntiation.... n integration.....chipping in...inte. i mean megers of biggies among themselves....
me being a paasionate follower of markets can't tell how RIDICULOUSLY priced ONGC has been over the years........same co/ in USA would be far more richer in terms of market capatilisation........
all they get is DESIGNER tax cuts...my own term!!!!
why should a well off indian.....sayme..u .or sahil...complain.....if u r reaping the benefits of economy..earning...spending on that weakend..on that pathetic kareena movie
........or yoga n health clubs......then why not to dole out these extra bucks........after allthis is ur way of enriching country via these PSU's
if they are heathy..........country will be.....we will be!
oil demand is no joke..... or choice opinion.........
u need it ..... n u need it story finish...
the govt gives us 300 rs approx subsidy for LPG .....san which u will be wondering if u really do need to cook 3 times or is it a luxury
the point at last is ..............that we are not dicataters.......we are followers of wat others are doin ...ie...OIL nations..............atleast thanks that r govt has reserves gallore to afford it first... n then give it to u n me at reduced prices.......................this is DEMOCRACY....mechanics at work.......in a economically sensitively placed emerging nation.
as sahil said...alternate fuels is ned n the world is marching in that direction.........the new word is ETHANOL....n india may be blessed to have it since its a byproduct of mollases...(sugar thing)...apart from brazil...chile...n etc which i i donot 9.
...
.
will stop for now
as the views are solely mine.............there may be error of judgement....
cooperate..! i am still a sudent learner.............
but a compulsive....commentator..........rather addictive
hedger
which really matters
Linear Mode
