Oil fiasco in the Budget

Discussion in 'Economy & Infrastructure' started by sob, Jun 26, 2011.

  1. sob

    sob Moderator Moderator

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    FM is only cheating himself with faulty budget accounting

    The article in full can be read here: FM is only cheating himself with faulty budget accounting | Firstpost
     
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  3. sob

    sob Moderator Moderator

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    As it is economists are predicting a double digit inflation growth due to the oil price hike announced 2 days back. To contain this the Central Bank will go in for another hike in rates, leading to a further slowdown in the economy. Clearly this is a dangerous spiral we are getting into.
     
  4. sob

    sob Moderator Moderator

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    Meanwhile it looks like there are more Oil price hikes in the near future from the Govt.

    Oil price hike was done with mirrors, so expect more

    Full article is here : http://www.firstpost.com/business/oil-price-hike-was-done-with-mirrors-so-expect-more-31375.html
     
  5. sob

    sob Moderator Moderator

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    The timing from the Govt. couldn't have been worse. Against a backdrop of Global Crude oil prices plunging, GOI goes in for Oil price hike.

    Crude oil prices plunge in hectic week

    The Article : Crude oil prices plunge in hectic week - Taipei Times
     

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