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27th June 2020, 07:41 | #181 | |
Senior - BHPian | Re: Fuel prices increase 16 days in a row. What the hell is happening? Quote:
The constant juggling of excise duty in only one direction started shortly after May 2014 when price of crude oil started to go down. There has been a massive hike in excise duty post 2014. Hence only the current dispensation should be made answerable as to what has been done with all that extra money(32.98 - 9.26 as of today) that has been collected post 2014. ~ 22 bucks of extra moolah per litre is no chump change by any stretch of imagination. Last edited by longhorn : 27th June 2020 at 08:08. | |
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27th June 2020, 10:33 | #182 | |
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Infractions: 0/1 (5) | Re: Fuel prices increase 16 days in a row. What the hell is happening? Quote:
Do you really think, the only option left with the govt. to improve spending ( as you call it ) is building statues? How about fixing the potholed roads, cleaning up the lakes, fixing street and traffic lights? Dont they involve labor and improve spending? | |
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27th June 2020, 10:40 | #183 |
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? Some serious discussion is happening here, while we are at it, the fuel prices were hiked again by 25 Paisa and 21 Paisa for petrol and diesel respectively for 21st day in a row. Petrol and diesel will now cost Rs 80.38/liter and Rs 80.40/liter respectively in the national capital. Whatever be the reason for price hikes, GoI should at least come out and say something about it instead of leaving it to the assumptions of public. PS: Price hikes aside, not answering about it is not fair, they should give reasons for hike and also should substantiate the reasons, otherwise it is rude of them. Last edited by wheelguy : 27th June 2020 at 10:46. Reason: Added PS. |
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27th June 2020, 10:54 | #184 | |
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? Quote:
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27th June 2020, 10:57 | #185 |
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? My Theory : GOI would continue increasing petrol and diesel prices until almost all transport is off the road and lock down is more effective. An experimental move and i would put my money for first positive result at 90 Rs/ L. P.S : The mark is set same for both petrol and diesel. Last edited by srini1785 : 27th June 2020 at 10:58. |
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27th June 2020, 11:13 | #186 | |
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? Quote:
Source: Quora | |
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27th June 2020, 11:36 | #187 | |||
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? Quote:
Please avoid making incorrect statements based on hearsay/whatsapp information. Also, if high prices are to reduce imports, please impose them on the tiles, building materials, steel, clothing, meat products, paint, shoes etc. which can be made in India instead of crippling common people. For you a Taxi driver might be an exploitative person, but he or she earns less than 25k a month after driving for over 15 hours a day in metro city traffic. By the way, you pay less for fuel in Australia, despite enjoying all the "facilities". Quote:
Quote:
Edit: Nandrive asked when the VAT was reduced- cursory reading of the article would give all the answers. Again, you are wrong about the tax rates. A person earning $100,000 (mid-career professionals usually earn more) pays $25k tax. In India an equivalent salary will be close to 18 lakh, and the tax rate is 30%. Last edited by Nissan1180 : 27th June 2020 at 12:03. | |||
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27th June 2020, 11:49 | #188 | ||
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And me enjoying less fuel cost here in Australia, I pay a far higher income tax, why don't you talk about it, anyway that's my personal choice, I don't have to be answerable to anyone. For as big country as india it's not even theoretically possible to have 100% of everything like pot hole free roads, schools with all amenities, before moving onto something else. Everything should run in parallel. There is no need of virtue signalling. In a democracy it's perfectly fine to have different opinions. Quote:
Last edited by Aditya : 27th June 2020 at 20:37. Reason: Back to back posts merged. Personal attacks on fellow BHPians are strictly prohibited. | ||
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27th June 2020, 12:40 | #189 |
Senior - BHPian | Re: Fuel prices increase 16 days in a row. What the hell is happening? Time to change the thread title to 21 days in a row. Mods please do the needful. As someone who is driving 90 kms a day this is seriously pinching the wallet. But, who cares about the common man or let's say middle class in this country. Honestly, it's good to see the debate on this thread but we all know it's pointless. Govt. will always do what's best for their own interest, not ours. |
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27th June 2020, 12:50 | #190 | |
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? Quote:
We are talking about tax slabs. Include deductions and anywhere in the world your taxes can be optimized- and this applies to companies too. The general tax slab is based on income. Deductions come later. Based on the tax slabs, an income of AUD 100,000 is taxed less in Australia than a PPP equivalent income of Rs. 18 or 20 lakhs in India. Thanks. Moving on, fuel prices continued to increase today. . This website shows the fuel prices globally. It is interesting to see that except a few unstable countries in Africa and Latin America, most places with a high fuel price are developed nations. No developing country with the income/demographics similar to India has a higher price. Last edited by Gannu_1 : 27th June 2020 at 14:14. Reason: Quoted post edited. Thanks. | |
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27th June 2020, 13:30 | #191 | ||||
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? Quote:
Quote:
Source--> https://www.mycarhelpline.com/index....=417&Itemid=10 What does this show us? Neither is the exchange rate the reason for higher fuel prices, neither is crude responsible for it. This data is only till 22nd June, if more numbers are added till 27th, its an even bigger loot. Secondly these numbers also tell us that I should not be asking any questions to Adam and Eve and only to the current government who have been in power since 6 years as the amount of taxes has risen 3 to 4 times in case of petrol and more than 10 times in case diesel from 2014. Where is the money from all the taxes from 2014 till now gone that you need alms from a public who has lost jobs, income and lives? Quote:
Government hospital took 20 rupees because they hardly wanted to make any profit on it, its a government hospital, the private added its profit to it, whats your point? They come from the taxes we pay and don't even get to the point which says only 3 percent pay taxes etc and hence the government needs to have dire measures. Below is my entire post which debunks that myth to no end. --> https://www.team-bhp.com/forum/india...ml#post4776379 (Crude oil prices crash, but India refuses to slash fuel prices) Quote:
Mods: Nothing in my post is about politics, just adding 1+1 on the spending's with plane facts and figures but if you still feel something or everything needs a delete, please do so. I will be sad for sometime that I spent a lot of time typing it, but hey, its fine. | ||||
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27th June 2020, 13:30 | #192 |
BHPian | Re: Fuel prices increase 16 days in a row. What the hell is happening? I'm the guy who fitted a CNG in my Santro more than 10 years ago due to rising petrol prices. The current government instilled hope in me when I saw their dramatic protests while they were in opposition. One of the reasons why I voted for the current ruling Government was because of their ability to highlight issues and present them in a smart manner. The protests for even hikes of Rs. 2 were a sight to behold. Where have these leaders who used to fight for causes gone? The same applies to some celebrities. They raised their voices during the previous regime for paltry hikes. Where are they now? The current opposition is too weak and are not able to protest in the right manner. 21 days and no signs of serious protests from them - what exactly are they up to? Lots of questions but no answers. Whatever be the case, I'm hopeful the government brings a solution to the daily hikes soon. Last edited by Aditya : 27th June 2020 at 20:40. Reason: Deleting names |
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27th June 2020, 17:06 | #193 |
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? It is really painful for the common man to cope up with the extreme rise in fuel prices. I don't want to go into complexities of economics but it is the common or poor man in the streets and villages who will ultimately be burdened, in whose name these so called taxes has been increased. Just to give you an example while refueling at a fuel station yesterday I saw a middle level farmer filling a few drums with diesel in his tractor trolley and the bill came out to more than 50 thousand. This is needed for paddy plantation and he told that he had to take a loan from arhtiya ( person whom he seeks his crop) . So you could well imagine how poor farmers and labrourers have to pay through there noses. Rest of others who know the complex economic system will somehow manage to get even by twisting the system as they know the loopholes. It is only the farmers ,labrourers, auto, truck , taxi people who are feeling this pain. The salaried class is effected in two ways as they are paying there taxes and are also looted by such extreme taxation on fuel .My humble request to all the esteemed and learned members please don't try to defend which is not just by using your learning and intellect sitting in your cosy living rooms. Last edited by Sandeep500 : 27th June 2020 at 17:07. |
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27th June 2020, 17:44 | #194 |
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? I belong to a farming background and from my calculations, this price hike of deisel will result in a approx 10% rise in the production cost of food grains accounting in all factors. The tractor hiring rates have shot up by 20% in my own village and this impacts the small/marginal farmers the most. |
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27th June 2020, 17:59 | #195 | |
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| Re: Fuel prices increase 16 days in a row. What the hell is happening? Quote:
I don’t support such hikes in fuel prices. But to those who again and again ask, “What the hell does the govt do with our taxes, our cities are as shitty as ever! So clearly our taxes are anway wasted!”, there I completely disagree. I am an infra nerd and follow infrastructure closely, been doing that for over 3 decades, and I can say this: The present central govt is doing a stupendous job on the transportation infrastructure front. I give them full marks for transportation infra development, but failing marks on the economic front. Analytics post-DeMo, Smart cities, SwachchaBharat, all count as big failures. Worse, they gave a huge reduction in corporate tax, where instead I felt they ought to have split that up between a moderate reduction in corporate tax and a moderate reduction in personal income tax. Thus, in my opinion, this govt is a big 0 on the economic front. It had already created a disaster before the Covid situation. Their contempt for *Harvard* etc kind of competence and relying on possibly *quacky* advisors, is showing its effects since 2014. I’ll admit to that. But to say that our tax monies isn’t used fruitfully, well, nothing could be further from the truth. For those who don’t believe, please take the time and look at the several *latest* pages of *every* thread in the following 2 SSC links: https://www.skyscrapercity.com/forum...-bridges.1253/ https://www.skyscrapercity.com/forum...ortation.1251/ I'd rather see our tax moneys spent in such a fruitful manner even if 25% of it is gone away in corruption, rather than see 100% of it gone away in corruption and see no works happening. Go on, click on those links I tell you, you'll find a link for each project, many of them actively ongoing, and almost all of them either central govt projects or state govt projects initiated by state govts at a time when they were aligned with the present central govt (DFC, Mumbai-Delhi Expwy, MPE bypass, Mumbai Nagpur Expwy, track doubling of a zillion stretches (eg. Pune-Blore stretch, etc), rly electrification, etc; there are several more). These above threads are complete with pics and videos by generic infra nerds who have no passion but just the thrill of seeing something getting built in their country. You can see for yourself the amount of infra devp that's done by the govt after 2014 out in the hinterland away from cities (cities are a mess, but that's bcoz of rotten municipal corporations, can’t pin that on the central govt). Sure, many of such works get tolled and you may wonder, why are they tolled if our taxes are used to build these. Well, I feel its too much to expect that level of quantum jump in good governance, for such huge projects! Hopefully in time, we'll get to a point when they're toll-free. Tolling happens even in the developed world. Some forumers here keep saying "I don't believe this is the first govt to do so much work, I'm sure prior govts would've done the same". Well, pls don’t debate with phrases like *I can't believe, I'm sure, etc*. Show me pics and videos on neutral, non-political, non-govt websites, then talk! Furthermore, if you do a stats count on the above websites, you’ll realize the falsity of that claim. There are people like Ramachandra Guha who recently wrote an article criticizing everything about the present central govt. The problem with people like Ramachandra Guha and many others is that most people (including him) *fly* when they go long distance from one city to another; and thereby miss spotting the number of infra works in process out in the countryside. Nor do they care to read up on such stuff, it's likely orthogonal to their area of interest. It's only when you go by *road*, that you can see what's happening in the hinterlands of our country. Or if you go by *train* and keep peering out the windows and observing (track doubling, electrification, etc works) instead of sleeping it out. And mind you, the SSC websites I cited are *not* digital marketing by BJP trolls. It's a worldwide site, not limited to India. And anyone can become a member, usually it's filled with infra nerds. TBHP’ians with contrarian views too can become a member and post contrarian views if you so wished! Some forumers complain about metro rail works, as to why metro rail works are taking so long. My answer: When a *single* apt complex construction within a 10 acre land takes 5+ years to complete, how then can you expect a 150 km long metro project to get completed faster, when it involves utility shifting, land acquisition, environment issues, litigation by multiple parties, etc every now and then? As everyone here knows, the problem for the central and state govts is that tax revenues have fallen due to reduced global crude prices as well as reduced consumption due to Covid. To shore up which, tax revenues need to be enhanced in some manner. So does that mean I support the fuel price increase? Absolutely not! The real solution is to increase our tax paying population from a measly 3% to 6%. The govt needs to get genuinely aggressive (as opposed to just making a pretense) in making sure that they go after those that evade taxes, even if it is by their political brethren, such as real estate companies, educational institutions, civic works contractors (eg. hotmix asphalt plants, all majorly owned by politicians, esp around cities), etc run directly or indirectly by politicians, etc. And here, unfortunately, no political party, not the BJP, not the Congress, no party has the will to chase this avenue. Instead they keep milking the same salaried cow and cows like fuel prices again and again, and this I do NOT support. Last edited by Sheel : 27th June 2020 at 19:11. Reason: Typos. | |
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