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Blog Entry# 1150510
Posted: Jun 29 2014 (21:42)

5 Responses
Last Response: Jun 30 2014 (05:18)
Rail News
4192 views
1

Commentary/Human Interest
Jun 29 2014 (21:28)   Rail fare, gas prices: Is PM Modi's populism turning Manmohan Singh into a lion?
 

Rang De Basanti^   138872 news posts
Entry# 1150510   News Entry# 182392         Tags   Past Edits
India's new Prime Minister has completed 30 days in office and in this one month, he has taken some 'tough measures'. Among the slow trickle of...

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Jun 29 2014 (21:42)
guest   7302 blog posts
Re# 1150510-1              
The earlier govt had taken decision in Mid Feb itself but passed the buck to the upcoming govt.
Whatever it is, its good to see the hike in fare. Cant see IR being sold off to duffer billionaires in India.
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Sugar Subsidy is a good and raising imports will help our farmers to get their market price.
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Firstbiz is mostly right wing media but now got authors to write up against NDa.
.
Modi ji might have attended MASSCOM classes in Pune or IIM night classes(if any for pun) in ADI as he knows how to manage media very well.

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Jun 30 2014 (01:19)guest
Re# 1150510-2              
my little piece of addition here.
Indian sugar industry is most inefficient sugar industry among global peers. And extending them more subsidies is not going to do any good.
Some here said that the move is good for farmers.
Well, name one farmer in north india who has multiplied his land holdings out of sugar profits in the last 15 years? But number
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of sugar mills in north india has multiplied several hundred times over the same period. The sugar lobby keeps crying about losses, but why they adding new plants every year? t

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Jun 30 2014 (01:24)guest
Re# 1150510-3              
@1150510-2  @guest
the rail fare hike pinches the common man and will generate 7k crores in additional money for the 20k crore subsidised IR.
The talk of need to raise fares for better services is fine, but what about the mammoth money that corruption in IR guzzles? No talk on reducing that? I heard someone making talk promises about fighting corruption before elections.
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Jun 30 2014 (01:31)guest
Re# 1150510-4              
and Mr A Aiyar is little mis-informed about need for gas price hikes.
Reliance is demanding $8.4 for the gas while its partner Niko Resources sells gas at $2.3 in Bangladesh. Better buy it from Bangladesh.
The Rangarajan committee which proposed astronomical hike in gas prices has used a arithmetic formula rather than cost based formula advocated in Production Sharing Contract.
Even the
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PAC of Loksabha headed by Yashwant Sinha of BJP had recommended more detailed study of costs incurred while arriving at the gas price.
Reliance is a govt contractor and not the owner of the gas fields. The govt will decide the gas price after allowing recovery of production costs and nominal marketing margin. The gas from D6 is profitable even at $3

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Jun 30 2014 (05:18)
ashalanshu
ashalanshu   768 blog posts
Re# 1150510-5              
@1150510-4  @guest
Are you aware that out of total domestic Gas production, 85% is supplied by ONGC and thus any rate hike 'll be the most beneficial for ONGC and not any other company?
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