UPA’s gas price move isn’t reform, it is a ticking time bomb

The UPA has passed off mind-boggling foolishness as “reform” and the stock markets have had their weekly shot of adrenalin, with the Sensex soaring 520 points yesterday. The celebrations will be short-lived, for the government’s decision to double natural gas prices from $4.2 per mmBtu to $8.4 per mmBtu from April 2014 is neither reform, nor sensible politics, nor good economics. Here’s why. First, there was no tearing hurry to announce...

Read Full Story>>