Monday, November 10, 2008

Bring the petroleum prices down...

The Prime Minister, the Finance Minister and the Petroleum Minister are all united in saying that the petroleum prices cannot be brought down until the oil companies stop making losses.

 This is preposterous and utterly irresponsible. I know the Indian rupee is in a very volatile position against the US dollar. But as an Indian, I would like my Ministers (yea,in case you forgot, they are supposed to serve me and over hundred crore ordinary Indians like myself) to be compassionate and to be in touch with the ground realities of life in this nation.

 Reducing petroleum prices would have an immediate impact on the food and vegetable prices. It would help common man heave a sigh of relief.

 Economic management is not only about providing leverage to aviation industry, allowing industrialists to amass windfall profits and then vulgarly display the same by building homes worth thousands of crores, offering escape routes to foreign companies by allowing them to increase their presence in sectors like insurance.

 At the end of the day, prudent economic management is all about helping the poor to have proper meals at least once in a day. Making sure the common man has the opportunity and the means to pay back the loans, make both ends meet.

 The average Indian should be able to celebrate life, not by virtue of having obscenely expensive villas, but by having a hearty smile, peaceful sleep and a secure future for his family.

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