Diesel prices, moral crisis

An elegy written in my brand new car

akash

Akash Deep Ashok | January 18, 2013



Six months since I started driving a diesel hatchback — feeling proud and smarter than the rest every time I am at a fuel station — I am suddenly told by everyone that decontrol of diesel prices is good for the economy. It was necessary. And maybe they are right.

I am told that diesel deregulation would also augur well for the current account deficit. It offers a possibility of rationalisation in crude imports in the country. It strengthens the Reserve Bank of India’s hand in reducing rates — the central bank has been highlighting for some time the need to reduce fiscal deficit. Although inflation will rise on account of higher diesel prices, that should be offset by the lower deficit.

I am told that the move will improve the market sentiment, a must for reviving the economy, and will also mean a pruning of the fiscal deficit. Together, the two will send a positive signal to rating agencies.

I flip fast and furious through reams of pink newspapers to find an ally in my crusade against crude taking north but find none. I find some solace in a few political parties announcing bandhs against the price hike but their reasons are diagonally opposed to mine. They talk about the proverbial common man who has since acquired a cult status in the political arena, so much so that he is difficult to identify now — the aam aadmi, the mango man.

The Congress, of course, is the party of the aam aadmi. When the BJP calls for a bandh against diesel price hike, it insists to be espousing his cause. And Arvind Kejriwal has named his party after this man. But do not confuse this man with those crowds of “dented, painted” girls braving water cannons at India Gate. He is not among them. He is mythical. He lives wherever.

And then I read former finance minister and parliamentary standing committee on finance chairman Yashwant Sinha saying that the government’s idea of taxing the super-rich was bad because it would end up taxing the honest and salaried more. “If the super rich are considered to be those with Rs 10 lakh taxable income in a year then you are reaching out to the upper crust of the middle class and not really reaching out to high net worth individuals (HNIs),” he says.

So now I begin to get it. Maybe you should, too. We are certainly not the common man. We are the super rich.

And this rich man, when he thought of acting smart and shelled out an additional Rs 2.5 lakh to buy a diesel variant because the worm of petrol prices on the graphs achieved incredible speed, had to be like this. The salesman who sold me this white elephant (by the way the colour is intoxicantly named ‘symphony silver’) justified the additional Rs 2.5 lakh saying the government taxes diesel variants more so that it also earns while you save all the years you choose to drive this.

Kinda true. But then the government suddenly got smarter and I’ll now pay more on the diesel as well.

But the religion is with the government. The kingdom of heaven shall always belong to the common man (politically corrected version). And the rich, in my case maybe the super rich, stand less chances of entering the kingdom of gods than a camel going through the eye of a needle (Matthew 19:24). So have I got to reconcile with my costly dud and look for a camel instead?

 

Comments

 

Other News

Elections 2024: 1,351 candidates in fray for Phase 3

As many as 1,351 candidates from 12 states /UTs are contesting elections in Phase 3 of Lok Sabha Elections 2024. The number includes eight contesting candidates for the adjourned poll in 29-Betul (ST) PC of Madhya Pradesh. Additionally, one candidate from Surat PC in Gujarat has been elected unopp

2023-24 net direct tax collections exceed budget estimates by 7.40%

The provisional figures of direct tax collections for the financial year 2023-24 show that net collections are at Rs. 19.58 lakh crore, 17.70% more than Rs. 16.64 lakh crore in 2022-23. The Budget Estimates (BE) for Direct Tax revenue in the Union Budget for FY 2023-24 were fixed at Rs. 18.

‘World’s biggest festival of democracy’ begins

The much-awaited General Elections of 2024, billed as the world’s biggest festival of democracy, began on Friday with Phase 1 of polling in 102 Parliamentary Constituencies (the highest among all seven phases) in 21 States/ UTs and 92 Assembly Constituencies in the State Assembly Elections in Arunach

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter