This is the first time that there was no debate about the auto fuel price increase. The government announced on a day in the afternoon that petrol will be increased by Rs 4 and diesel by Rs 2, increase effective mid night.. It is a sea change from last 5 years when there were consultations with left and other coalition partners before any decision is ..
By increasing the price without consultation, government is indicating that it means some business and Congress is in control and will run its show. I hope it continues...
Budget on 6th will be first policy statement by the new government and I hope it is a mix of social and right economic initiatives, so that economy can continue to grow with right balancing act. No body has expectation of big economic reforms and structural changes... people expect it to be aam aadmi budget.. but if government can show measures to channel the subsidies and reduce pilferage, it will be a welcome relief...
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