Stop giving subsidies to the rich (Publication and Research, IIPM)

There seems to be no end to the stubbornness of the government when it comes to providing oil and gas subsidies to the rich. No doubt, a recent fare hike has led to a fall in the huge losses that were being generated by the oil PSUs. Yet, it is entirely possible that the total oil losses toted up by oil companies in fiscal 2005-06 would be at least Rs.200 billion.

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Source:- IIPM Editorial, 2006