|
|
'Wrong oil pricing, policy causing inflation'
|
|
|
|
| Top Stories |
 |
|
|
|
SME Times News Bureau | 02 Nov, 2013
Tamil Nadu Chief Minister J. Jayalalithaa Friday slammed the centre for
following wrong oil pricing and economic policies, and demanded the
immediate withdrawal of the latest hike in diesel prices.
In a statement issued in Chennai, Jayalalithaa said linking petroleum prices to the dollar is one of the reasons for inflation.
She
said the centre is not taking steps to increase domestic oil
production, and encourages speculative trading in foreign exchange and
import of non-essential items; it has also been allowing the private
sector to borrow in dollars, and has been taking other measures that
weaken the rupee against the dollar.
Jayalalithaa said that
despite the limited avenues available for the state government to
control prices, her government had taken several steps like subsidised
canteen/vegetables and other such measures to mitigate the hardships
people face because of inflation.
She said the centre, with its
sky-high powers and revenue, is not behaving responsibly; she said the
latest hike in diesel prices was another example of such
irresponsibility.
Jayalalithaa said the centre should roll back
its Diwali gift to people in the form of the hike in diesel prices by 50
paise per litre.
|
|
|
| |
|
|
|
|
|
|
|
wrong oil policy
subodh jain | Thu Nov 7 10:09:18 2013
Indian govt. shall make compulsory the use of solar power in all domestic, commercial, industrial establishments across India. This will reduce our dependence on diesel and petrol. Every roof top shall have solar panels systems. The solar panels can be such designed that they can even be used for rainwater harvesting. Secondly we shall tap tidal waves as well to generated electricity all across our 4000 km. coastal belt.We can have surplus power to feed the entire Indian industry 24x7 and this shall lead to tremendous industrial growth and prices of all products can come down by at least 10-15% of the present as well as there will be no need of any new investments in the power sector for nuclear/ thermal/ hydro power generation. This will even raise immense opportunity for employment in this sector. The oil import bill can be reduced by more than 20% of the present as well.
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
|
|
| Daily Poll |
 |
 |
| PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
