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Ache Din: Oil Prices

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Shikari
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Posted on Saturday, September 16, 2017 - 09:28 am:       

"we are going to tax people who can afford to pay. Somebody who has a car, bike; certainly he is not starving. Somebody who can afford to pay, has to pay" - Union minister KJ Alphons

http://economictimes.indiatimes.com/articleshow/60710560.cms
http://i.imgur.com/eUYcc.gif
 

Bharat
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Posted on Friday, September 15, 2017 - 09:43 am:       

Why only crying on Modi? AP & T have increased fuel taxes after oil prices came down.
 

Discoveringself
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Posted on Friday, September 15, 2017 - 09:29 am:       

India lo infrastructure is worst ani everyone knows and agrees.....if it has to be improved, money has to come from somewhere.........who else will pay for it, if not Indians........

It will be a bit hard on Middle class....but for a poor country like India.....welfare schemes cant be scrapped.......infrastructure improvement is a must.......

money doesnt grow on trees........and if this is avoiding deficits and at the same time improving infra....sounds like a decent compromise.....for the long term....

nobody wants to pay taxes antey elaa mundukelledi?........or all these pundits should come up with plans to handle the economic situation.......any better ideas? or just throwing stones?
 

Brodipet_baadshah
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Posted on Friday, September 15, 2017 - 09:23 am:       


Andhrawala:

India lo Rs 50-60 lakhs per annum jobs vunna vaalu vaalu entho mandhi vunnaaru


mee circle motham ilaa vunnaarani Indialoo anthaa inthe anukuntunnara aaryavaryaaaa
 

Andhrawala
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Posted on Friday, September 15, 2017 - 09:17 am:       


Filmbuff:


India lo jobs leka janalu gila gila kottukunte




India lo Rs 50-60 lakhs per annum jobs vunna vaalu vaalu entho mandhi vunnaaru

Ikaa living ki job lekapovatam anedhi ledhu.

even in rural areas MNREGA etc schemes vudnanee vunnaayi
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Ipc302
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Posted on Friday, September 15, 2017 - 08:51 am:       


Filmbuff:

India lo jobs leka janalu gila gila kottukunte, what kind of black humour is this?



aayana tho argument kante oka banda raayi teesukuni daaniki mee talakya kottukondi....
 

Filmbuff
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Posted on Friday, September 15, 2017 - 08:39 am:       


Andhrawala:

US lo year after year salaries emi pedha peragavu. periginaa around 3%

adhe India lo 10-15% pay hike is pretty common

also expense on gas is negligible




India lo jobs leka janalu gila gila kottukunte, what kind of black humour is this?
 

Andhrawala
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Posted on Friday, September 15, 2017 - 08:23 am:       


Nihil:

paisalunna amelica shavukarlu move ayitaru baboo..not samnaya janalu
needi kapothe delhi daaka dekamantav..needem poyyindi america vodivi




US lo year after year salaries emi pedha peragavu. periginaa around 3%

adhe India lo 10-15% pay hike is pretty common

also expense on gas is negligible
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Shikari
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Posted on Friday, September 15, 2017 - 08:14 am:       


Bharateeyudu:

sollu pook kaburlu kaakapothe desam lo koddo goppo aadayam vasthu vuthpaththi chese car industry meeda paddaru sani naa kodukulu.



2030 ki all electric cars anta..petrol,diesel cars taata teestha ani kuda annadu...gattiga galesthe,chinna vaana vasthe power poyi eppudu vasthadho teleedhu..janalu ippati nunche petrol,diesel cars konatam manestharu resale undadhu ani..industry ni saantham nakinchevaraku niddaroru veellu.
http://i.imgur.com/eUYcc.gif
 

Bharateeyudu
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Posted on Friday, September 15, 2017 - 08:03 am:       

dlm by government fans was why u r not decreasing price and raising excise tax and state taxes was future lo periguthaayi appudu taggisthaamu ani..

nee akka ippudu perigaayi aa additional taxes thangistaara ani pradhan gaadini adigithe abbe adem ledu aa alochanaledu anta...

monna aloo gadkari emo carlu ammakandi carlu ammadam valla extra lane add cheyyali 80000 crs avthadi antaa..tax lu yenduku kaduthunnam nee panollanu ne company ki directorlanu cheyyadanika roadlu infra create cheyadaanikaa..

sollu pook kaburlu kaakapothe desam lo koddo goppo aadayam vasthu vuthpaththi chese car industry meeda paddaru sani naa kodukulu. atu NCR lo 10 years daatithe diesel carlani scrap cheyyali anta..mee factorylalonchi vache pogalu gaali niru tagaleduthonde adi kanipiyyada..vaatini mooseyoddaa.

ati thirigi munda mosaade meme kaa..

pichollala manmohan ni gurinchi maatlaadakandi.. appudu subsidy vundi..subsidy leka poyivunte aa time lo petrol 170 ki poyedi...with pre modi tax the price of petrol now must be some where around 68 to 69 anukuntaa...whooping 10 rupees additional taxes collect chesthunnaru..
 

Pavala
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Posted on Friday, September 15, 2017 - 07:08 am:       

mitroon....thodi derr ke liye shanthi vijakka shanti rakh dhe...humre mumbai-gujjuu bullet train hone ke baadh price kam kar dhenge...thab thak G-had ke liye..
Also Robo 2 will be the first ever movie to have hero on the poster but not in the movie... - Sesani
 

Guriginja
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Posted on Friday, September 15, 2017 - 07:00 am:       


Andhrawala:

Ikkada kooda gas prices at the pump jumped from $1.99 to 2.60

Just move on




congress meedha yegusukuni paddav ga..ee sannasi nayal ni anadaniki gonthuki yemi addam paduthundi...
 

Nihil
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Posted on Friday, September 15, 2017 - 06:17 am:       


Andhrawala:

just move on




paisalunna amelica shavukarlu move ayitaru baboo..not samnaya janalu
needi kapothe delhi daaka dekamantav..needem poyyindi america vodivi
 

Andhrawala
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Posted on Friday, September 15, 2017 - 06:12 am:       

Ikkada kooda gas prices at the pump jumped from $1.99 to 2.60

Just move on
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Ipc302
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Posted on Friday, September 15, 2017 - 05:58 am:       


Ipc302:




copy pasting the contents of the swarajmag link


It is a pity that the media is beginning to question what has been one of the most successful shifts from administered pricing to market-determined pricing in Indian history: the deregulation of petrol and diesel, and the gradual elimination of subsidies on cooking gas and kerosene. Today, we now have daily changes in pump prices, and this is a good situation to be in.

Deregulation was attempted first by NDA-1, but the approach of the 2004 elections forced Atal Behari Vajpayee to roll it back after successfully testing it in a limited way earlier. Under UPA, even the pretense of deregulation was given up, and over its 10-year rule, petro-goods subsidies totalled over Rs 8,50,000 crore. It was this huge subsidy bill that broke the back of central finances in the second half of UPA-2.

So, it is a bit foolish to question the efforts of this government to tax oil products higher so that it does not lead to over-consumption of this imported commodity, even while making resources available for other budgetary needs, including building infrastructure. In 2016-17, states and centre together collected over Rs 4,63,989 crore in petro-taxes, and seeking to roll this back would not only be needlessly populist, but also detrimental to the long-term interests of the country.

Petroleum Minister Dharmendra Pradhan, who has heralded this shift, needs to be congratulated for sticking to his guns and saying that there is no move to curtail the pricing freedom to oil marketing companies. Narendra Modi should stand by him, come hell or high water, or state assembly elections.

While it is true that much of the current high pump prices of petrol and diesel is accounted for by taxes, this is one case where high taxes are warranted. Here are 10 reasons why one says so.

#1: India’s demand for petro-goods is insatiable, and inelastic. India imports over 80 per cent of its oil requirements, and despite stiff taxation, demand for petro-fuels grew 5 per cent in 2016-17, even after pencilling in a general economic slowdown, amplified by demonetisation. Petrol demand grew 8 per cent and diesel 1.8 per cent last year. It is a fair assumption that if taxes were lower and reflected the global movement in crude prices, demand growth would have been faster. This would not only have pushed up our import bill, but also increased our dependence on unstable Gulf suppliers. In fact, this year, despite the slowdown, diesel demand is expected to explode as more highways get built, and goods movement picks up after the slowdown.

#2: Cheap fuel is detrimental to ecology. If the worldwide trend is to move away from fossil fuels to cleaner forms of energy, India’s fuel taxation policy is sane and sensible. Also, India’s urbanisation needs call for more public transport, and bringing petrol prices down just to appease a middle class population can be ruinous. Anyone who has tried commuting in cities like Delhi, Mumbai and Bengaluru knows that pollution levels are simply too high, and encouraging more cars to ply on the roads by keeping petrol taxes lower is suicidal. It is hypocrisy to argue in favour of taxing big cars and SUVs more and then making fuel cheap for cars in general. Big cars will benefit the most from lower fuel prices.

#3: The sharp difference between petrol and diesel prices (Rs 79.5 a litre in Mumbai for petrol and Rs 62.4 for diesel, and Rs 70.39 and Rs 58.74 in Delhi) suggests that public policy on taxation is more or less right. Private vehicles, the main users of petrol, are being taxed more than public vehicles, which use diesel.

#4: Levying high taxes when crude prices are low is sensible politics and reasonable economics. Everyone knows that when global prices fall, it is easy to cut prices. But when global prices rise, it is politically difficult to keep raising prices. The NDA under Modi has done the wise thing by recouping some of the global price falls by aggressively raising taxes to ensure that pump prices don’t fall too much. This tax cushion means that when, and if, global prices rise, taxes can be cut to soften the blow. This is not only sensible politics, but sensible economics too. If the UPA had raised prices steadily when global prices were soaring, it would not have had to raise prices drastically after January 2013, when subsidies were killing off the government’s ability to not only finance infrastructure, but also social programmes. The slowdown that began under UPA began due to its failures on the oil pricing front. The NDA is not repeating that mistake.

#5: High taxes on oil enable higher public investments. In his last budget speech, Finance Minister Arun Jaitley said that Rs 3,96,135 crore would be spent on creating and upgrading infrastructure this year. Some of this will be internally generated by the roads and railways ministries, but a lot of it will come from the petro-taxes collected from automobile users. Without these taxes, the government’s ability to push public spending to keep the economy growing would have been non-existent. Robbing automobile users to pay road rail track builders is a reasonable tradeoff in terms of public policy. The former burns fuel and causes pollution, the latter aids growth and employment.

#6: High petro-taxes make it more economical to switch to renewable sources of energy. No one in his right mind will opt for wind power or solar energy if oil is cheaper. Worldwide, it has always been observed that when crude prices crash, investments in renewable energy crash with it, since oil suddenly becomes more economical to use. If we agree that we need to shift faster to renewable and more eco-friendly sources of power, it makes no sense to let oil prices fall through lower taxes.

#7: High fuel prices shift demand towards more fuel-efficient cars. This is self-evident, and the reason why Maruti Suzuki is so dominant in Indian markets is its focus on smaller cars. If electric cars are ever to become the first choice for Indians, high petrol prices will be crucial to winning the argument.

#8: Market-determined pricing is the key to preventing adulteration. When kerosene was too cheap, and diesel was subsidised, diesel was adulterated with kerosene. Today, when kerosene prices are being increased by the month, this adulteration is reducing, especially as the availability of kerosene is being curtailed in markets where cooking gas is expanding coverage.

#9: A healthy oil sector needs freedom to price its products according to market conditions. Today, if oil marketing companies have healthy stock market valuations, it is because the Modi government has given them pricing freedom. They are finally profitable, after years of depending on government for subsidies.

#10: Lower petro-fuel prices are a direct invitation to jihadi Islam. Stop for a moment and think who gains if petro-fuels demand in India grows by leaps and bounds due to lower taxation. Most of our oil comes from the Gulf, including Islamist states like Saudi Arabia, Iran and Iraq. Higher demand means enriching these Islamist governments, which means the surpluses generated in their budgets will partly be spent on promoting Islam and jihadi groups and mosques and madrassas. It is not in India’s, or the world’s interest, to enrich the Islamist sheikhdoms of West Asia. It is in our interest to shift as fast as possible away from fossil fuels, to renewable sources or nuclear power, so that these Islamist nations do not have the luxury of easy money with which to promote jihad around the world.
 

Ipc302
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Posted on Friday, September 15, 2017 - 05:54 am:       

https://swarajyamag.com/economy/10-reasons-why-high-oil-taxe s-are-good-for-india-they-are-also-an-antidote-to-jihadi-isl am

swaajmag lo counter icchad jaggi...
 

Shikari
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Posted on Friday, September 15, 2017 - 05:20 am:       

mitroon
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Filmbuff
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Posted on Friday, September 15, 2017 - 05:15 am:       

The only component of the GDP that is growing is the govt expenditure, without that the GDP would have been even lower. The moot point however boils down to this - would it have been better to have reduced the taxes and put more cash in consumer pockets and increase the consumption growth and hence to GDP or have taxed and spend to increase GDP. The govt. obviously believes in the latter which puts its firmly in the centrally planned, statist countries.

Most people thought they elected a progressive regime, what they got is regurgitated, regressive policies - a throwback to pre-liberalisation, Indira Gandhi zamana.
 

Lenin
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Posted on Friday, September 15, 2017 - 03:53 am:       

2014 Lo excise levy 9.40

2017 Lo 21.48

2014 Lo diesel levy 3.46

2017 Lo 17.33

Crude oil price ekkuva unapudu levy pencharu OMC la Ki loss Peru tho, ipudu oil rate crash aina levy tagginchatam ledu
Guntur, Hyderabad, Andhra, Telangana, Tamilnadu, Karnataka first....India last!!!
 

Pavala
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Posted on Friday, September 15, 2017 - 03:46 am:       

gootle Nihil
Mumbai-Gujju bullet train ki evadisthaad anukuntunnaav dabbul....bob gaadu ivvad ga,...andhuke Modi, BD, Kd ilaa nokking....
Also Robo 2 will be the first ever movie to have hero on the poster but not in the movie... - Sesani
 

Gharshana
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Posted on Friday, September 15, 2017 - 03:27 am:       

Petrol meeda Diesel meeda GST applicable aaa
 

Rusthum
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Posted on Friday, September 15, 2017 - 12:50 am:       

Ippidu bakths vachi ninnu karsio.. modi kanna moddodu beteremo
Veedi dialogue veedike applicable - Manam Baagunnappudu lekkalu maatlaadi, kashtallo unnappudu viluvalu matladakudadhu sir...
yedo mayabazar teesinattu genre gurinchi lecturing.... deenemma life

-sesani about DJ
 

Nihil
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Posted on Friday, September 15, 2017 - 12:26 am:       

While Crude prices are halved

But

Petrol: 80 rs
Diesel: 63 rs

When Modi was attacking the erstwhile Manmohan Singh government for bringing misery to the people in April 2014, the taxes on petrol stood at 34 percent and taxes on diesel were barely 21.5 per cent. But in July 2017, taxes on petrol account for 58 percent and those on diesel have breached 50 percent.

International crude oil prices may have halved since the Narendra Modi government assumed office, but it has made practically no difference to the consumer.

Pakistan, whose per capita income is around $5,500 (less than that of India) sells petrol to its citizens at 71 Pakistani rupees, which works out to just $0.67.

Dharmendra pradhan howle gadu cheppdam..we are spending more anta...nee yabba reyyy..modi gadiki cheppu ee kaburlu..

http://www.firstpost.com/business/petrol-diesel-prices-in-in dia-higher-than-most-countries-why-govt-taxes-are-extortioni st-in-nature-4045433.html

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