Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Salman Khurshid defends Govt. over fuel price hike Money does not grow on trees. If we are buying fuel from international community at a certain price, we will have to sell it at the same cost. We are not thinking of making money out of this,- What is your humorous comment ?

Tags: money, price, news & events
Asked by venkatesaldevarajan, 07 Nov '11 07:53 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (4)

 
1.

Well for me, the "humour" lies in his total ignorance of the pricing mechanism of fuel, especially petrol. We all know that India imports 80% of her crude oil requirements from abroad. But does the learned Salman Khurshid know that the basic price of petrol per litre is Rs.36.52 and that Cenral Govt levies/duties add upto over Rs.30/= and the Sales Tax and additional St imposed by the State Govt may be even upto 20% as is the case In Delhi? The learned Minister thinks that India is selling the fuel at the actual cost incurred..! I have no comments to offer if he thinks that the Govt does not make money out of this. When he gets time he may seek information from the Finance Ministry how many crores the customs and central excise contribute to the Central revenues. He may not be aware that the Govt gets the highest revenue from the oil sector.
See the quality of brains at the top of the administration..!
Answered by thampy chacko, 07 Nov '11 08:09 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
2.

I watched one debate on tv on oil companies and most of them are running on profit distributing bonus esideleading luxurious life style by their officers.kerla govt has asked balance sheet.there are heavy taxes by central govt which can be reduced public is beingfooled cm delhi said if prices are rising then pay has also been increased what a foolish argument.salman will say to please his bosses.
Answered by Ramesh Agarwal, 07 Nov '11 09:00 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
3.

What a tragedy ! All Oil Marketing Companies (OMC) are Public Sector Undertakings (PSU) and the government owns the majority of the shares, followed by Banks and FIIs. Year after year, they have to pay increased salaries, wages and bonuses to their workmen. When the prices of inputs keep rising due to inflation and other global factors, one cannot expect these OMCs to sustain losses continually. If they don`t perform, again government is blamed for lack of insight. Ask the companies, what is their daily losses despite this increase. If economists advocate withdrawal of subsidies, there is a group to oppose it as well. It is really a dilemma for those who occupy the hot seat of power. How many from these group will come forward to pay approx. Rs.1000/- per LPG cylinder ? They enjoy the subsidy on the one side and oppose any move if the government wants to compensate the losses marginally through other means. We are all hypocrats, indeed.
Answered by Dharmarajan, 07 Nov '11 08:11 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
4.

What post does Salman Khurshid hold in the government, to issue this statement,? Is he the minister for petroleum, is he the Finance Miniser ? or is he No.2 in the cabinet to issue this statement ? He has been told to wear the cap by his master and he is loyally donning it I feel
Answered by rajnikant raiyarela, 07 Nov '11 07:54 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

If the subsidiary gets cut then the companies can take independent decision..how long will we live on subsidiary system?..more

Answered by Anurag Sharma