Friday, June 22, 2012

Oil cos not to cut prices despite 18-month low global rates - Money - DNA


Arvind said...

That headline does not tell the complete story. Reading the report tells you that they aren't cutting the rates in RUPEE terms since the rupee has depreciated.

sansk said...

welcome to consequences of Central Planning.
It eventually degenerates into crony capitalism. Consumers are having worst of both systems in India. High level of money printing, high budget deficit, costlier imports, and all round corruption.