Tag Archives: petrol hike

Back to Basics: Why S&P downgraded India?

To be precise, double-talk, greed, corruption and an unmanageable economy have landed India on par with a country like Tunisia, which had undergone political upheaval recently and landed itself in Negative sovereign rating. Double talk by the government, assuring the likes of G-7 or G-20 that its subsidies are being offset by a hike in oil price but indeed hiking ...

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Contradictory statements on petrol hike by Pranab in Delhi, PM at G20 summit

The Indian government has come under unprecedented criticism over its unilateral hike in petrol price, with allies in the coalition government like Trinamul threatening to quit, while the judiciary, for the first time, intervened. The most intriguing defence of the decision came from none other than the finance minister who said the decision was taken by the petroleum companies and ...

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