ย โขย
Dexter Capital Advisorsย โขย 3m
Govt did right by hiking excise duty on petrol and diesel, for now ๐๐ No offence to anybody, but this will only make sense to ones who weigh context over emotions. Those who read my work regularly would know, I am no fan of the present Govt. So, before you brand me a Bhakt already, hear me out. .. The Govt of India had deregulated petrol and diesel prices, and until Covid happened, as global crude prices went up and down, every fortnight, the retail prices at pumps also went up and down. But, Covid changed things. - A massive chunk of the economy closed, and Govtโs spending went through the roof with welfare spends skyrocketing - Plus, the state Govts, especially those with terrible financial position - Himachal, Punjab, and many in the East - were provided with funds For that, the Govt had no option but to borrow over Rs 10 lakh crore! .. Outcome? - From 4.5% of the GDP in FY14, the Modi Govt had brught down the fiscal deficit to 3.4% (much done by Arun Jaitley) - But, within a year of Covid, it shot to a mighty big 9.2% of the GDP! COVID has gone away, but those loans are yet to be fully paid back. And for that the Govt needs more money, than it would have otherwise needed to run the country and meet its needs if TODAY. Where is that going to come from? Only three major sources. 1- Sell assets - land, PSUs etc - Political hot land, too much noise, and too little outcome 2- Raise income/corporate taxes on people - Govt has only kept bringing the already MUCH HIGH income/corporate tax down, which remain high in my eyes And that leaves just one avenue. .. Raise other taxes. Govt found an opportunity to do that when crude oil prices went down in between. How? By keeping pump prices same, while raising the tax component of them. That helped Govt find the extra money needed to reduce its loan pile. Outcome? The fiscal deficit has already fallen from 9.2% to 4.8% in FY25. Thus, even though we have not directly benefited in form of lower petrol prices, economy has, IN A BIG WAY. - But fisc deficit remains higher than 4.5% of FY14, which was itself crazy high - Thus, it needs to be brought much below to pre-Covid 3.4% levels For that, Govt needs to find EVEN MORE money to reduce its borrowings. And everytime international crude rates fall, it gives the Govt that opportunity without raising income or corporate taxes, or selling the assets. .. I drive a lot, so does my Maa. We buy a lot of petrol. It hit my pockets, too. So, please donโt tell me that I donโt get the hit. Demand that the Govt reduce freebies and use the money to pay back loans taken during COVID-19 at an accelerated pace. That will help bring down petrol and diesel prices sooner. Nothing else will.
ย โขย
Dexter Capital Advisorsย โขย 7m
Itโs crazy how Modi Govt earned a massive Rs 44k crore from Reliance and Nayaraโs oil exports to Europe in the last 30 months! ๐๐ And this is how it played out. .. Post Ukraine war European nations shut their refineries dependent on Russian crud
See MoreHey, I'm on Medialย โขย 1y
Upfront Cost Vs Total Cost of Ownership EVs may have a higher Upfront Cost but they actually have the lowest Total Cost of Ownership (TCO) compared to petrol, diesel and CNG vehicles. See the table below. It shows total cost of ownership for a 200
See MoreCHAIRMAN - BITEX IND...ย โขย 1y
Idea for you implement now So guy's we all know that Indian petrol prices are so high and sometimes petrol pump owner scam you . Sometimes you You need petrol in emergency or you don't have enough money to take petrol and most people face problems
See MoreStudentย โขย 3m
I have an idea for automobile company .Many of the rectifying in automobile like wheel which are rotate it's energy like electric to charge there battry and it's run free of cost not need diesel,petrol,cng,only auto charge when it's run.use bettry
See MoreHey I am on Medialย โขย 6m
my idea is very important We all get petrol filled but you might not know that the petrol workers install such a system in the machine that petrol worth Rs. 90 goes in the tank instead of Rs. 100 which causes problem to the public. So I want that
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