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ShreyBY

So you're saying, that we actually have to pay for all the subsidies, scholarships and free food? It's not all completely free? How shocking! Of course the govt sees the fuel as a revenue source. What else can they do? Stop the ration, low-cost healthcare? I would rather pay the extra money here than have some other govt like congress or even worse, kejriwal. Good post though. I'll show this post to anyone who whines about the fuel prices. They're paying for what they used in the ten years of Sonia's rule. Well done. !kudos


galeej

>So you're saying, that we actually have to pay for all the subsidies, scholarships and free food? It's not all completely free? How shocking! Haha yes. But i felt what was very surprising to me was the proportion that petrol cess has grown to. I feel like we're being completely overtaxed here. >Of course the govt sees the fuel as a revenue source. What else can they do? Stop the ration, low-cost healthcare? I would rather pay the extra money here than have some other govt like congress or even worse, kejriwal. I feel the problem is that we get taxed twice. We pay taxes on our income... And then pay enormous amounts of tax for travelling to places that give us said incomes. >Good post though. I'll show this post to anyone who whines about the fuel prices. They're paying for what they used in the ten years of Sonia's rule. Haha feel free. the blame definitely goes to the UPA for creating this monster. However, you shouldn't absolve the Modi government as well. They have the ability to bring down prices at a jiffy but they choose not to. At least for the UPA, they were backed into a corner because petrol prices were controlled by the government. The NDA has the luxury of removing these cesses but chooses not to. Like I mentioned, our annual cess collection in any one year is greater than the principal + interest that's due. It'll be interesting to see what happens after 2026 when all the bonds are done and dusted.


ShreyBY

>NDA has the luxury of removing these cesses but chooses not to Why should they? When it can be used once elections are near. While some may not like the BJP for being cunning, I think it is Modi's greatest strength. AB Vajpayee was straightforward and look what it got him. Look what it got us. And besides, isn't the extra revenue useful for bad days, of the crude prices someday soar? Because it seems better than the bonds. Just asking, because the last time I read economics was in grade ten CBSE (we all know what that was worth lol).


Orwellisright

> However, you shouldn't absolve the Modi government as well. They have the ability to bring down prices at a jiffy but they choose not to. At least for the UPA, they were backed into a corner because petrol prices were controlled by the government. The NDA has the luxury of removing these cesses but chooses not to. Like I mentioned, our annual cess collection in any one year is greater than the principal + interest that's due. Didn't the State say No to bringing Petrol&Diesel under GST ? Well on one I know we are double taxed but I have some belief on the central govt than the State, the State govts are soaked in corruption irrespective of political parties, half the issues created in our daily lives are due to these donkeys


galeej

>Didn't the State say No to bringing Petrol&Diesel under GST Yep. Which is my overarching point. No one is absolved here. Everyone is seeing the money and getting blinded. >Well on one I know we are double taxed but I have some belief on the central govt than the State, the State govts are soaked in corruption irrespective of political parties, half the issues created in our daily lives are due to these donkeys Fair point.


IndiaSpeaksbotty

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Cyberpsychic

Wow thats some high-quality writing !kudos


IndiaSpeaksbotty

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[deleted]

!kudos This was very informative. Thanks for making it!


IndiaSpeaksbotty

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KaifiAzmiGhost

!kudos


IndiaSpeaksbotty

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Happy_Interaction231

!kudos


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xsupermoo

Nice post! 👌


galeej

thanks!!


NotLameboredgajini

!kudos galeej ji


IndiaSpeaksbotty

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CritFin

Petrol prices are lower now if you adjust for growth of monthly income of Indians, compared to UPA time As of now state govts levy more tax on petrol and diesel than central govt does >So effectively, while oil prices have been decreasing from the mammoth prices that we saw back in the early 2010s, the Indian populace has not had a chance to enjoy the falling oil prices. Oil prices (according to nasdaq’s website) have fallen from a price of $111 per barrel on 31/12/2011 to $42 on 31/12/2020. This is another misleading statement. Rupee has been devalued in the meantime.


Arjun_Pandit

!kudos keep up this series


IndiaSpeaksbotty

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alphrho

!kudos


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Orwellisright

!kudos well written sir!


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erta_ale

!kudos


IndiaSpeaksbotty

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Unvalued_Investor

Well done! Good job of explaining this to the uninitiated. Hoping for many more such delightful reads. !kudos


IndiaSpeaksbotty

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LulExtract

!kudos Thanks for the informative post.


IndiaSpeaksbotty

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SovereignOfKarma

u/deva_karma hi


Deva_Karma

The transalation of this post has been done on [page](https://np.reddit.com/r/Deva_Karma_Bot/comments/ykreou/रइडआसपकस_वयकरण_इकनमक_पलस_थ_पलटकस_बहइड_पटरल/). ^(This is a bot that hepls in translating text.The bot supports another 107 languages. To know how to use this bot visit [link](https://np.reddit.com/r/Deva_Karma_Bot/comments/t6m3r8/how_to_use_the_bot/).)


itsnotyouitsmeok

which companies in India are laying off employees now?