Nothing comes free and if it comes free; comes at a high cost. The high cost is deterioration of the infrastructure, poor security, inflation, etc. which we all have been suffering. Subsidies can only be given when other products are highly charged. Kerosene, Diesel and LPG gas are subsidised. There was no need to give subsidy. Employers would have given higher wages to the workers. The congress government played a game for getting votes; game of appeasement by subsidies, allotment of land, etc.
Subsidies create a artificial pricing structure and goes beyond control in CERTAIN TIME FRAME. In good governance there is transparency and no artificial control on pricing of daily requirements.
Diesel and Petrol pricing are programmed to come actual cost price with private players competing in the open market.
South Korea and some of our neighbours were in bad shape after WWII 1947. But they adopted free economy and any one can advance based on merits. SAMSUNG, LG, HYUNDAI, etc. are giants employing millions with R&D in every field.
Incapable leaders of congress starting from RSVP and their team are spending their left over energy in criticising the steps being taken by the present government. RSVP has no education to understand the situation today is their creation.
If today you are having BP, sugar and unhealthy body is because of the past inputs to your body.
You got to pay the bills for getting the health parameters on the track.
Hence prices are going to increase first, savings shall reduce secondly, profits shall reduce, salaries shall increase; this cycle shall find its level as per strategy of market development growth. Patience for a better future for the next generation with suffering of the present generation shall result into a healthy body and happiness levels increase. more
However another way of looking at it is that reducing taxes means less revenue and reducing subsidies means less expenses. So where do we go from there speciaqlly considering that there is inelasticity in demand vis a viss price of diesel upto a very high level of prices.
Maybe reducing taxes in other areas may increase revenue but for diesel I am not sure more