PETROL PRICE HIKE AND GERMANY'S ECONOMIC DATA PART 2

As I have said prices of petrol has hiked just after the budget session. It has raised some questions. Why this decision has taken just after the session? Answer is very simple, government has taken the decision very earlier but they don't want to face the opposition. I has followed this session from very earlier due to some important bills what was expected to pass in this session. But this government again fail to impress public. Accept child abuse bill, no any other bill has taken in parliament.

After this session BJP was not looking in strong position because of their internal crisis. But Government has give them a chance to again a hyper attack on them.  I am not very happy with this because i am not a BJP cadre.

As it was expected because of the constant decreasing in the value of Rupee and price hike of crude oil in international market. It is the main reason of the price hike. Any one may be agree with this excuse but i am definitely not. As every one knows IOC(Indian Oil Corporation) get crude oil from OPAQUE in 25-30 rs./litre , government charges custom duty on it. It can raise some cost of it. After this when It comes refinery, Government charges excise duty, it can also raise some prices. After this Government charges some other taxes , and now state government charge VAT and sales taxes. Finally it comes to us with a huge price of 70 rs./litre.
Now where the chances of loss, its definitely not because of price issue, its because of mismanagement, they are in the loss. According to some sources, they are in the loss of 50 crore daily and they are planing to raise the price of diesel and LPG. So, finally we have to be ready for some more disaster.

Petrol price hike just after budget session and Germany's Economic Data part 1

My close friend om praksh has paid my bus fare and my mind instantly knocked and suggest me what if I will daily come with him. It can help in saving some rupees. When  I reached office every news channel were filled with same news of petrol price hike. I change the channel and every business channel were discussing about Germany's upcoming economic data. As what expected, in the European union's unresolvable crisis and Greek's rumor, Germany's growth didn't stop. It was a great example of economic management and how finance ministry work. Our very respectful and revolutionary Economist Mr. Manmohan singh must have to take a tution class from Angela Markel, but I know Mrs. Sonia Gandhi will not allow him to do so. Apart from the joke, I think this is the best time for me to start my blog. This is the first time I am writing my blog. So, asusually I am very excited and unable to decide what I have to write and what  not to write.