CA Tilak Raj Sharma (Practising CA in Solan (H.P.)) (6374 Points)
09 December 2008Last time when Govt. increase price the crude oil price was over $145.00 and now the price is below $ 45.00.
Do you think this is wise decision by PM or can you see any correlation between the price cut in India and the Rate of crude oil.
CA. Yogesh Malpani
(Chartered Accountant)
(216 Points)
Replied 09 December 2008
Govt. increased oil prices when it was $120 approx and not at $ 145. at that time Rs per $. was aroud 40 and now it is 50.
but now let take some note of what the govt. is talking about loss
PSU are goverment entity so the loss of PSU is loss of Govt. But excise duty which is charged by govt. is its revenue and hence we can say that govt is earning revenue in one pocket and making loss in the another pocket. So more of a kind it is notional loss that the govt. always talks about there is no real time loss for the company.
therefore govt is making fool to the people by saying that the PSU are incrruring loss on Kerosene and LPG.
i Think its a high time for people to use the right of information act and know what the real truth lies
Sameer Medhekar
(Student)
(4140 Points)
Replied 09 December 2008
I am very much agree with CA Yogesh Malpani Sir. Its the right time to use Right to Information Act
daVe..
(Student)
(1431 Points)
Replied 09 December 2008
It is high time.... people wake up and react!
CAclubindia
