Soaring fuel prices * India - Manmohan, Chidambaram sit on their hands
Chennai,India -The Straphangers United, By Ananthakrishnan G. -5 July 2008: -- The Manmohan Singh-led UPA Government, which is running a fever over the Indo-US Nuclear Deal, has done precious little on one of the growing areas of energy demand — transport... The national discussion has tilted completely towards this deal and its political fallout, ignoring the plight of the common man as his life is torn apart by inflation... The inaction and ineptitude of our trained economists in the seat of Government is pushing up global oil prices, and at last count, it had touched 146 dollars a barrel. We saw the somewhat unusual spectacle of a market-oriented Finance Minister, Mr. P.Chidambaram, pleading with oil producers for voluntary price controls on a commodity that, going by raw market economics, will continue to command higher prices as supply diminishes and demand shoots up... Not much imagination is required to see that the myopic policy on transport of both the UPA government and the state governments including the DMK in Tamil Nadu is hurting prospects of continued high growth and reduced inflation... (Photo: Volvo services in Bangalore and Chennai are few, and carry a handful of passengers because tickets are outrageously priced)Labels: citizens complains
posted by Unknown @ 4:55 PM
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