new Gasoline price hike in India ( PKR 150/liter )

[Arulmozhi Varman]

Quite disappointing that the govt could not raise resources except raising taxes on petrols. Same in state govt opening alcohol shops to shore revenue. This is sad state of affairs in India. More than 60% cost of a litre of petrol is now taxes. Perhaps gst should be bought and taxed at 18% flat price. Very disappointed with govt for this. They would have cried hoarse if they were in opposition.

 

[Nilgiri]

Quite disappointing that the govt could not raise resources except raising taxes on petrols. Same in state govt opening alcohol shops to shore revenue.

Any ideas what they should have done instead?

 

[Arulmozhi Varman]

Any ideas what they should have done instead?

Nope. Borrowed more?(they did that today). Print more notes this year as Su Swamy suggested maybe?
With lockdown being lifted, petrol prices should go down to calm down any inflation prospect. But for any govt having just one or 2 major sources of income is never a great strategy. Just like TN depends upon tasmac revenues.

 

[Nilgiri]

Borrowed more?(they did that today). Print more notes this year as Su Swamy suggested maybe?

Well these are the only other options....in kind of external way or leverage of wealth way. But only so much can be done with that.

With lockdown being lifted, petrol prices should go down to calm down any inflation prospect. But for any govt having just one or 2 major sources of income is never a great strategy. Just like TN depends upon tasmac revenues.

But there is no other option (internally). Where else will revenues be raised (for kick start + smooth over current depression)? Nothing else is really being consumed to tax, and neither is it good to tax those more. Low hanging fruit is only option, its not good, but theres no other way....not without doing far more damage.

 

[Thamizh Puli]

Do you cycle to office?

train