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Showing posts with the label Diesel Price Hike

How I Lost My Two Bucks!

Dadajan Pay, a multinational technology company, has a huge advantage for nonentities like me: it doesn't yet charge the ' platform fee ' which was recently imposed as one more unnecessarily taxing/extracting money from nonentities like me! Yes! All other Pays like Dagger Pay ,  Taser Pay, Knife Pay Fork Pay or whatever are already charging platform fees for all bills, recharges and all! No doubt, Dadajan Pay of the veteran company that boasts of an 'online marketplace for anything' is only trying to compete better with the numerous technology giants that have joined the Pay business, after the introduction and immediate popularity of the UPI system in India . Apart from the no-platform fee Dadajan Pay also offers a variety of Scratch Card Rewards including instant cashback rewards. Therefore, I prefer to make bills/recharges payments on Dadajan Pay. Make hay while the sun shines!  Accordingly on that day I paid for my mobile bill using the Dadajan Pay UPI. I was e...

Indian Retail Opened Up For FDI: The Day After Diesel Price Hike!

The economist in Dr. Manmohan Singh, Prime Minister of India, has finally decided to take control of the country’s economy and growth, and end the nearly one-year-long policy plus reforms paralysis politically enforced by the opportunist opposition parties as well as the allies of the ruling coalition. Undaunted by the countywide rallies and protests against the diesel price hike on September 13, 2012 Dr. Singh captained his government along to push through the reforms further the very next day. Goodness for the country’s economy and future growth prospects in a global perspective must be kept beyond politics and political fortunes of the government; he seemed to have decided upon. In a landmark decision on the evening of September 14, 2012 the Government of India approved the much opposed 51% FDI (Foreign Direct Investment) in the over $500 billion Indian multi-brand retail market and 49% FDI in the misery-ridden Indian aviation sector. The FDI cap for the Broadcasting sector has a...

Diesel Price Hike And The Curious Story Of The 7th Gas Cylinder!

How many cooking gas cylinders do you use a year or how many days one cylinder lasts for you! The frenetic calculations must be raging at the moment in households or in the minds of housewives across the length and breadth of India! The curious spectacle of the 7 th cylinder must be getting embedded in various brains. But the first story first. After months of introspection, retrospection and brainstorming the Government of India today took the courageous decision of hiking diesel prices by 12% or 5 rupees per litre. This is very courageous basically on two grounds; first, diesel has been the basic fuel of India used in various activities meant largely for the poor and the farmers and second, with the political opposition hounding for controlling inflation and the pressure of big and bigger scams building all the time the ruling coalition government was in a tight corner. The fiscal deficit of the government that has been growing due to the heavily subsidized diesel, cooking gas and ...