Diesel price move – An act of cruelty or an act of positive reforms

After raising subsidized diesel prices despite heavy political opposition, the government has taken a positive step forward towards reforms. However this does not come without strong opposition protest along with nationwide unrest on the ever increasing cost of fuel.

Experts say ‘It is a bold move, and will send a strong signal to the Reserve Bank of India on the government’s efforts at fiscal consolidation’

However a leading partner in the ruling coalition has announced a protest march over the weekend and the main opposition party called the move “financial terror”.

It for one to see if the move indeed is a step forward towards reforms or adding further burden to the masses.

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