Diesel Price Hike

A SMALL step towards de-regulation and a BIG leap towards zero subsidy.

Everyone has to recognize, that either way the international price of fuel has to be paid for. 

Either the government pays it in terms of subsidy or the customer pays it directly based upon individual usage.

It is always better to keep financial transactions short and direct. This way there is less chance of seepage and more accountability can be sought after.

Now every individual will be responsible for their own fuel bill as per personal requirements. One way this will also reduce wastage of fossil fuels in the coming days.

Initially there will be pressure on the CPI and the food inflation but gradually it will all align, as the subsidy burden will reduce and the government spending will get increased towards general welfare, infrastructure spending and economic activities

It was a tough call for the central government but nevertheless it has been taken now, albeit late.

But as the saying goes, “Better late than never”; this is definitely a step towards prosperity.