Govt raises LPG cap to 9, deregulates diesel prices
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- 2 of 51. Curb black-marketing: It has been argued that the subsidy given by the government for Kerosene often goes into black marketing. Had the government tried to control black marketing, oil companies as well as the common face would not have had to bear the brunt.
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2. Reduce MPs’, MLAs’ salaries and benefits:Hefty salaries including perks have put a huge burden on the Indian economy. In the last 5 years, around Rs 2 Cr have been spent on a single MP. If we include all 534 MPs, it comes to around Rs 1068 Cr.
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3. Buy directly from Iran: owing to fear from America, India has not been able to import directly from Iran. This year itself, India reduced its oil import from iran by 11%. If India forgets America’s fear and imports directly from Iran, burden of subsidy will be reduced.
- 5 of 54. Control corruption and chaos: India figures quite ahead in the list of corrupt nation. India has been rocked by mammoth scams like 2G scam ang CWG scam. The loss that exchequer faces due to these scams is huge. It is time, the government took steps to stop corruption.