Indians angered by rise in fuel prices

Around p90x people held against government plans to raise fuel prices, the demonstration is expected to stimulate the practice of inflation.

Prime Minister Singh said the government allowed state-owned oil refineries to increase fuel prices due to reduction in fiscal deficit, while 16-year high.

The move will also increase the pressure on the central bank to raise the cost of borrowing, the Ministry of Finance said in a statement Sunday night.

The decision to raise petrol prices, diesel, kerosene and cooking oil Friday night has led to demonstrations across the country.

cheap p90x hopes to reduce its 55 billion oil subsidies, which account for about 2.5 percent of the budget. This action is seen as improving global investors in the European sovereign debt crisis, government finance review.

With the oil prices, inflation in May hit 10.16%, to rise further, the statement said.

p90x workout dvds people from around the held demonstrations to protest the government's decision. Demonstrators in the capital New Delhi blocked intersection, shouting "Down with the government" cause traffic chaos.

A similar demonstration was also held in Chennai, Kolkata, Punjab and other places.

User Status

Du bist nicht angemeldet.

Aktuelle Beiträge

Obama vows more support...
p90x workout dvds President Obama said, American Legion,...
px90beach - 11. Jul, 02:46
Iran, Germany to expand...
In the p90x Broadcasting (Radio) Ezzatollah Zarghami...
px90beach - 10. Jul, 03:45
P90X: MC2
p90x: MC2 is a new extreme fitness program for 90 days,...
px90beach - 10. Jul, 02:27
p90x
First of all should be clear that fasting can not swim....
px90beach - 9. Jul, 08:05
US wants BP to detail...
In BP's letter, the White House has asked the giant...
px90beach - 9. Jul, 02:43

Links

Suche

 

Status

Online seit 5403 Tagen
Zuletzt aktualisiert: 11. Jul, 02:46

Credits


Profil
Abmelden
Weblog abonnieren