On the New Year’s Day, the government of India slashed the price of aviation turbine fuel by 10 percent. This is the second reduction in the price of ATF in a month’s time. The New Year gift to the common person was a hike in the price of cooking gas. The price of non-subsidised LPG was hiked by Rs 49.50 per cylinder. LPG price was hiked on 1 Dec by Rs 61.50. Prior to that, rates were increased by Rs. 27.5 per cylinder on November 1. The flight ticket rates have not changed though ATF rates were cut. The benefit does not trickle down to the passengers. The corporate sector harvests the benefits. The trickle down effect of neoliberalism is a myth. When the price of petroleum shot up to $140 per barrel, Dr Manmohan Singh managed to keep the price of petrol in India at Rs 72 per litre by providing subsidies so that the common people would not be taxed too much. Now when the international price hovers around $37 the prices of...
Cerebrate and Celebrate