Are the recent protests throughout the nation against the hike in fuel prices justified?
Submitted by rajat on Thu, 2008-06-05 18:19
 International Price for a barrel of crude has shot upto $135. The Indian PSUs were being pressed beyond limits to maintain their costs. The fuel price hike seemed inevitable. Once it is in, so are the protests across the nation. Are they justified?
Submitted by Lisha on Sat, 2009-05-09 12:41
 The early history of British expansion in India was characterised by the co-existence of two approaches towards the existing princely states. The first was a policy of annexation, where the British sought to forcibly absorb the Indian princely states into the provinces which constituted their Empire in India. The second was a policy of indirect rule, where the British assumed suzerainty and paramountcy over princely states, but conceded some degree of sovereignty to them. ..
Submitted by Lisha on Mon, 2009-02-02 15:38
 India, a nation that has undergone complete transformation after it got independence from the British Rule. But somehow the influence from the West never ceased to affect our culture and the growth of the Nation. The three major transforms taken from the entire lot is the way Mobiles, Cars and Malls have brought to the India nationality.
Submitted by Lisha on Thu, 2008-09-18 20:43
The story before: The positive role that dairying could play in providing income and employment opportunity was clear to policy-makers long time back and a set of measures were put in place to develop and protect the dairy industry. Immediately after India gained independence, the Milk Control Board was set up which controlled the supply and distribution chains.
Submitted by Lisha on Tue, 2008-08-05 17:30
 India and space laws: A millennium perspective
THE LAUNCH of Sputnik 1 by the former Soviet Union in 1957, followed by a similar feat by the U. S., within a few months, heralded the birth of the space age. The development and application of space technology has since made a tremendous global impact in diversified fields including social, economic, cultural and scientific.
Submitted by Lisha on Wed, 2008-04-30 20:24
 India is a country with a diversity of languages. Out of more than one thousand mother tongues, only eighteen languages are included in the eighth schedule of the Indian Constitution. Development of a particular state or region, to a very great extent, depends on the development of its regional language. This was an important reason given at the time of the formation of linguistic states, though many criticized such a linguistic “division” or “re-organization”.
Submitted by rajat on Fri, 2008-03-28 11:19
 Past two decades have seen an unprecedented rise in the number of farmer suicides in our country. Across the nation, lacks of farmers have taken their lives in these years. Though this process is on for almost 2 decades, but it is only now that the nation is getting to know the seriousness and the extent of it. We are going through the worst ever farm crisis in the history of our nation.
Submitted by Lisha on Wed, 2008-03-12 18:16
 3rd December 1984 Shortly after midnight poison gas leaked from a factory in Bhopal, India, owned by the Union Carbide Corporation. There was no warning, none of the plant's safety systems were working. In the city people were sleeping. They woke in darkness to the sound of screams with the gases burning their eyes, noses and mouths. They began retching and coughing up froth streaked with blood. Whole neighbourhoods fled in panic, some were trampled, others convulsed and fell dead. People lost control of their bowels and bladders as they ran. Within hours thousands of dead bodies lay in the streets.
Submitted by Lisha on Tue, 2008-02-19 18:14
It is hard to imagine today that there existed a time in independent India when the then Prime Minister of the country, Sw. Lal Bahadur Shastriji had to appeal to the nation to skip one meal a day. Our nation saw one of the darkest era when we faced acute shortage of food in the 60s. Ships from America brought in bad quality grain as charity to feel us and the Nation battled with the problems of rising prices and hunger.
Submitted by rajat on Tue, 2008-01-29 00:31
 The Emergency in India denotes the 21-month period between June 25, 1975 and March 21, 1977 when President Fakhruddin Ali Ahmed, upon advice by Prime Minister Indira Gandhi, declared a State of Emergency in India under Article 352 of the Constitution of India, effectively bestowing on her the power to rule by decree, suspending elections and civil liberties. It is one of the most controversial periods in the history of independent India. During the Emergency, many opposition leaders were jailed, freedom of press was suspended and powers of the judiciary were curtailed
Submitted by rajat on Mon, 2007-12-31 15:07
 The Ancient Legend
In India there is an ancient legend about a girl, Amrita Devi, who died trying to protect the trees that surrounded her village. The story recounts a time when the local Maharajah's tree cutters arrived to cut the villager's trees for wood for his new fortress. Amrita, with others, jumped in front of the trees and hugged them. In some versions of the tale their dramatic efforts prevented the forest's destruction; in others Amrita dies in her valiant attempt.
Submitted by aurora on Thu, 2009-10-22 18:23
 The All India Muslim League (AIML) was formed in Dhaka in 1906 by Muslims who were suspicious of the Hindu-majority Indian National Congress. They complained that Muslim members did not have the same rights as Hindu members. A number of different scenarios were proposed at various times. Among the first to make the demand for a separate state was the writer/philosopher Allama Iqbal, who, in his presidential address to the 1930 convention of the Muslim League said that a separate nation for Muslims was essential in an otherwise Hindu-dominated subcontinent.
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PSU oil firms to lose millions in FY’10: Deora
State-run oil marketing companies Indian Oil, Hindustan Petroleum and Bharat Petroleum are likely to lose Rs. 45,478 crore this fiscal on selling fuel below cost price, Petroleum Minister Murli Deora has said.
Addressing the Parliamentary Consultative Committee on Thursday evening, Mr. Deora said such a huge subsidy support was unsustainable in long run.
“Today, the public sector oil marketing companies incurs an under-recovery (revenue loss) of Rs. 3.10 per litre on petrol, Rs. 2.55 a litre on Diesel, Rs. 17.30 per litre on PDS kerosene and Rs. 241.00 on each 14.2 kg cylinder of domestic LPG,” he said.
“The delay in oil bonds is reflecting on their financial performance,” he said. In the second quarter ended September 30, IOC reported a meagre profit of Rs. 284 crore while BPCL and HPCL reported losses of Rs. 159 crore and Rs. 137 crore respectively.
Source: http://beta.thehindu.com/business/Industry/article63573.ece
The same old system!!!
With prices of Crude controlled by speulaors rather than demand and supply,I feel the govet shld change the way the fuel prices are prices...
As per the crude prices the petrol prices in country shld be arnd 32 Rs considering crude at 135 $ ..But the taxes by central govt and state govt have remained same...This means say crude at $50 which was taxed at say 4%,and now when the crude is 135 the taxed at same 4 %..So i dont see anything wrong in govt reducing the taxes...
A new system of pricing shld be initiaede in which the prices of petrol resemble global prices and not in hands of GOVT..This will mean identifying profits of PSU,having a common tax startegy statewise and at central..Thhus the petrol prices will change everyday dfepending on GLOBAL crude price
Regards Lalith Parmar Vande Mataram For Blood Call 1062
Some facts seem incorrect
1 - If petrol was to be sold after refining at International price, it will be much more costlier than what it is today. How you came to Rs 32/- is a bit difficult to grasp.
2 - Govt of India subsidises fuel to enormous amounts. Please see the other comment. Taxation on the subsidised fuel is not enough to suffice for the immense subsidies.
3 - If international rates were applicable, then for sure diesel and lpg would become dearer than ever before. Do we really want the subsidies to stop and commercialization to creep in?
I would recommend my blog on Petrol prices http://www.google.com/url?sa=t&ct=res&cd=1&url=http%3A%2F%2Fwww.sankalpindia.net%2Fdrupal%2F%3Fq%3Dnode%2F2188&ei=ByRSSLn-JYPw6QP0trGEDw&usg=AFQjCNEdZZbvric5VrdE8U4_T1OnrUDLtw&sig2=G6DZ_f1j9FjjlRtcf6ckhA
Calculations!!!
Sorry for that Rs 32 mark took that info from some mail may be oil prices were low at that time!!! Anyways just read the below things
The Global oil prices are at 135 dolars per barrel..
so taking 135 (which is max now) cost of 1 barrell is 135*42(Rate of dollar now) that costs 5670...with 1 barrel equivalent to 159 lites the cost of 1 litres comes arnd 35...
so 35 Rs per litre for crude....
Considerin the transportaion,refining cost ,profits of PSU and other things...which shld not cost morethan 8 Rs per litre...let us consider it as 15...
so the price is Rs 50 as of now we are buying petrol at 58 Rs...
The point here is 21% service tax is added by Govt of Karnatake and some x % my Govt..The govt is under tremendous pressure now because they had already waved off loans to farmers worth 80000 crores (and i doubt whether the farmers are really benifitting from this...) and now they are not in any position to do anything more...
so i dont belve the Govt is subsidizing the fuel to a large amnt and i dont want them to..Let everything from top to bottom be disclosed to Public as its an essential commodity and let pricing be as it is...
Right from cost of crude+refinery costs+profit+trasportaion .let it be made open..then we can easily comment on whether it is been subsidized or whether it is adding to the exchequer!!!!
As of now i firmly belive in only one thing the true prices of oil are not reflecting the demand and supply buy they in control of speculators and nothing else!!!!
Regards Lalith Parmar Vande Mataram For Blood Call 1062
Vote Bank...
It's the main reason behind the government to subside the price of petrol. As of today the total subsidy amount on petrol and other is 2 lakh crore.
From Jan 2007 the price of petrol has shoot up of 100% from 65 $/barrel to 135$/barrel in India the price of petrol has rise up only 35%.
The indian government is controlling the price of petrol so save his vote bank. In one of the research it was found that top 20% of the population enjoy 43% benefit of the subsidy while low class would able to enjoy only 10% benefit of the subsidy.
In 1974 when the price of the petrol shoot up overnight, Indian govenment didn't provide any subsidy, which in balance the supply demand and there was a correction in the world price and thing came back to normal in 6-8 month.
Also, top 5 nation of the world give no subsidy on the price of petrol. Most of the subsidy given for petrol are in developing world.
The only solution of this problem is to balance the demand supply which in turn will automatically bring the correction in the price of petrol.