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Moneycontrol.com >> Message Board >> View Messages >> Economy
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Crude prices continue to surge; hits $122/bbl (56)   08-May-08 11:13Tracked by (0)  
Posted by:   vm179210 on ( 08-May-08 11:13 )
if don't then all oil company will become bankrupt. USA is saying write, its china & Indias subsidy policy is creating demand. the more earlier this two country take realistic approach its better for environment & this globe. sooner or later they will have to reduce subsidy on petrol & diesel. also subsidy should be given to poor & not tax payer who have surplus. on one side you pay 30 % tax on other side use electricity & fuel at subsidies. effective tax is 0% for people who use maximum.
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