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Political compulsion- PM addresses Nation

Posted: June 4th, 2008 | Author: | Filed under: News | Tags: , , , , , , | No Comments »

Today Government hiked fuel prices. Fuel price hike have never been popular in India and fuel price are decided more by keeping elections in mind rather than International oil prices but today’s price hike created enough uproar and Prime Minister Manmohan Singh had to address the nation. I think this is the first time PM has to explain the nation that why this steep decision was taken. Although, PM speech also had government’s accomplishment and people friendly policies in addition to the explanation.
I must appreciate the courage shown by government in this price hike considering the fact general elections are due next year. As always left parties and opposition ( I think that’s why they are called opposition ) are against this hike. Coming weeks are going to be interesting and challenging as well for Government. The price hike will add fuel to inflation and it can push inflation to 9%, a 13 year high.

The inflation is going North and Sensex opposite it. That doesn’t seems a good situation for economy. I just hope the India story continues.

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