Rajeev Pandey 3065 days ago

The government is caught is a catch 22 situation on fuel price hike. It needs to do some drastic measure for larger goods of the people rather than hysteria about vote bank. In any case rise or no rise, the current government is unlikely to return to power; winds are too strong against it to qualify as whirlwind. The tax structure needs to me modulated to ease off the pressure on pricing to oil companies or subsidy loads needs to be increased again. The few desperate measure that government needs is to review the vehicle tax structures and make it difficult for EMI buyers. The tax on second hand vehicle needs to be collected as a countervailing tax at RTO at the time of NOC or change in RC books. Make it steep. Third come out with a policy to scarp all cars beyond 7/8 years old. Restrict car per declared family/ address to two in case of individual. This country is dependant to the extent of 90% for its fuel needs on import can ill afford the luxury of subsidy. Let inflation fly for a while out of the handle, it would eventually find its own level to move on. The OMC’s rhetoric against their political master & largest shareholder is just a silly ploy to create mass hysteria amongst the semi literate vehicle owner classes & then give them a relief over the touted price point as of now. This pricing game is a chasing game where there is no winner. Sadly austerity and hard measures is the only way forward on this.