Reining in inflation
One has to infer that two reasons should have prompted the Government to make its sudden announcement of duty cuts on petroleum products and a subsidy of ₹200 on LPG cylinders They are: the common man’s resentment over galloping prices of essential commodities and State Assembly elections. However, the reduction in taxes cannot be called significant as piecemeal increases have already been made. There is also no relief for middle class consumers of LPG.
V. Johan Dhanakumar,
