Get the disease, doc!
Harshad Mehta is in trouble again. The august bunch of gentlemen and gentlewomen who protect India's innocent investors from the ravages of rapacious capitalists at the Securities and Exchange Board of India, not to speak of the equally august assemblage at the Bombay Stock Exchange, are said to be seriously upset by his shenanigans.
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Oil price reform
Reform of prices of crude, petroleum products and natural gas is in. The assumption is that revenue mobilisation from duties (import and excise) distorts their prices. This is true. Revenue mop-ups make it difficult to raise administered prices when warranted.
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