PaRCha - JNU - AISA material - 2013 ID-35216
.
The state government-owned Gujarat State Petroleum.
.
Corporation (GSPC) is another likely beneficiary--it has also.
.
been seeking a higher price to make production from its K-G.
.
basin block viable. At the same time, D.J. Pandian, chairman of.
.
"Like with GST, gspc says, "Even though gspc stands to benefit as an upstream.
.
this should have company, we will be put to great hardship as power producers,.
.
been discussed for it will add Rs 2 per unit to our cost." Given that a large chunk.
.
with the states. of power goes to agriculture and industry, the hike in power tariff.
.
The decision will hurt end-users..
.
seems coarse, Experts are critical of the government assumption that higher gas.
arbitrary."M.R. prices will attract foreign investments, as in the last 10 years,.
.
Venkatesh, CA despite pegging crude oil prices to import parity and deregulating.
and political all petroleum products, inflow of FDI has been insignificant..
analyst, Chennai "The assumption is based on a false premise. What worries me is.
.
that the subsidy bill will be humungous if this price goes.
.
through," says CPI(M) Rajya Sabha member Tapan Sen, who.
.
feels let down by fellow parliamentarians. "The opposition should have come a long time.
.
back.".
.
Unfortunately, gas price seems unlikely to be a major issue in the upcoming elections. So far,.
only Tamil Nadu chief minister Jayalalitha has spoken against the price hike. Says M.R..
Venkatesh, a Chennai-based chartered accountant and political analyst, "Like in the case of.
GST, this should have been discussed with the states, as they would be affected. The decision.
looks coarse and arbitrary and is likely to be challenged under Article 14 of the Constitution.".
.
Well, even if the deal is done, it's the post-hike reluctance to discuss its fallout that is the.
most worrying. "I don't see any political fallout caused by this decision because political.
parties in our country are not vigilant enough," says K. Keshav Rao, a former Congress Rajya.
Sabha member who recently joined the TRS. That's when one wonders if a delay in decision-.
making is actually better than a wrong one being taken--all in the name of reforms..
.
***.
.
Primer: Everything You Need To Know On The Gas Price Rip-Off.
.
What is the gas price all about?.
.
It is natural gas produced within the country; unlike imported liquefied natural gas (LNG)..
This is viewed as a cheaper and more environment friendly fuel compared to imported crude.
oil..
.
Where is this natural gas found?.
.
Both onshore and offshore. Currently Bombay High produces the most gas; Assam, Andhra.
Pradesh, Gujarat, Rajasthan, Tamil Nadu, Tripura are other states where gas is being.
produced..
.
How much gas does India have?.
.
In 2012-13 India produced 47,558 million cubic metres of gas, a drop of 14.5% from the.
previous year. India's gas imports have been steadily rising, up to 30% of total consumption.
last year..
..
PaRCha - JNU - AISA material - 2013 ID-35216
.
The state government-owned Gujarat State Petroleum.
.
Corporation (GSPC) is another likely beneficiary--it has also.
.
been seeking a higher price to make production from its K-G.
.
basin block viable. At the same time, D.J. Pandian, chairman of.
.
"Like with GST, gspc says, "Even though gspc stands to benefit as an upstream.
.
this should have company, we will be put to great hardship as power producers,.
.
been discussed for it will add Rs 2 per unit to our cost." Given that a large chunk.
.
with the states. of power goes to agriculture and industry, the hike in power tariff.
.
The decision will hurt end-users..
.
seems coarse, Experts are critical of the government assumption that higher gas.
arbitrary."M.R. prices will attract foreign investments, as in the last 10 years,.
.
Venkatesh, CA despite pegging crude oil prices to import parity and deregulating.
and political all petroleum products, inflow of FDI has been insignificant..
analyst, Chennai "The assumption is based on a false premise. What worries me is.
.
that the subsidy bill will be humungous if this price goes.
.
through," says CPI(M) Rajya Sabha member Tapan Sen, who.
.
feels let down by fellow parliamentarians. "The opposition should have come a long time.
.
back.".
.
Unfortunately, gas price seems unlikely to be a major issue in the upcoming elections. So far,.
only Tamil Nadu chief minister Jayalalitha has spoken against the price hike. Says M.R..
Venkatesh, a Chennai-based chartered accountant and political analyst, "Like in the case of.
GST, this should have been discussed with the states, as they would be affected. The decision.
looks coarse and arbitrary and is likely to be challenged under Article 14 of the Constitution.".
.
Well, even if the deal is done, it's the post-hike reluctance to discuss its fallout that is the.
most worrying. "I don't see any political fallout caused by this decision because political.
parties in our country are not vigilant enough," says K. Keshav Rao, a former Congress Rajya.
Sabha member who recently joined the TRS. That's when one wonders if a delay in decision-.
making is actually better than a wrong one being taken--all in the name of reforms..
.
***.
.
Primer: Everything You Need To Know On The Gas Price Rip-Off.
.
What is the gas price all about?.
.
It is natural gas produced within the country; unlike imported liquefied natural gas (LNG)..
This is viewed as a cheaper and more environment friendly fuel compared to imported crude.
oil..
.
Where is this natural gas found?.
.
Both onshore and offshore. Currently Bombay High produces the most gas; Assam, Andhra.
Pradesh, Gujarat, Rajasthan, Tamil Nadu, Tripura are other states where gas is being.
produced..
.
How much gas does India have?.
.
In 2012-13 India produced 47,558 million cubic metres of gas, a drop of 14.5% from the.
previous year. India's gas imports have been steadily rising, up to 30% of total consumption.
last year..
..