In India it is very famous statement of many politicians,"don't get into the maths"
But I am a maths student. How can I live far from maths?
Actually today I gonna talk about the issue that never been considered as issue,
Whenever we talk about these types of issues we accept that there is no other option. But in
reality it is not.
Fuel prices can come down and many specialists have assured that it should be down and even
RBI governor Saktikant Das asked the government to cut taxes on petrol and Diesel.
Whereas the government of India makes many excuses for the hike in fuel prices like Oil bonds,
free vaccines...
1. But if we see so OIL BONDS that UPA govt issued worth 1.4 lakh crore. To encase in
future. And in 2014, 1.3 lakh crore oil bonds remained with the NDA. In 2020-2021 alone 3.34 lakh crore collected by petrol-diesel excise duties, means three times more than oil bonds.
2. And Center's own estimate shows that the free vax scheme will cost around45000-50000 crores.
By this we can understand how we are doing Vikas By cutting out our stomachs.
Where Rich people of Britain are asking for help and asking to increase income taxes on them
rather than increasing goods taxes, Indian rich people are doing tax evasion by hiding money
in other countries. Not only this but also the government reduced the corporate tax from 30% to 22% by taking recourse to Rule 12
applicable in emergency and unforeseen situations.
Fuel is the base of the economy, if fuel rate will increase, definitely we will have to face inflation.
If we don't want to increase the gap between poor and rich, the government should lower fuel
prices so that everyone can afford it.