DIESEL PRICE HIKE
(Kerala gives up levy on diesel price hike)
In a relief to common man, UDF Government in Kerala t decided on 27th June,2011, to forgo the state tax to be accrued by way of the recent increase on diesel price.This was announced by Chief Minister Oommen Chandy in the state assembly while replying to an adjournment notice givenby opposition LDF on the issue. Diesel price would come down by 75 paise due to the decision. The state exchequer would lose Rs 142.2 crore by
giving up the tax, he said.Kerala had given up the tax when petrol price was hiked by the Centre last month. Meanwhile, the first session of the newly-elected Kerala assembly began on a stormy note with the opposition Left walking out after the speaker disallowed their demand for a discussion on the recent hike in fuel prices.
Seeking leave for an adjournment motion, Communist Party of India-Marxist (CPI-M) legislator and former state finance minister Thomas Issac said the latest hikes in prices of diesel, kerosene and cooking gas were a cruel blow to the people.'Had the centre taken cognisance of the huge corruption in the 2G scam, S-band and other corruption cases, that money could have been used to settle the so-called deficit of Rs.1.22 lakh crore of the various oil companies,' Issac said. Replying to the opposition charges, Chief Minister Oommen Chandy said his government sympathised with the the people of the state.'We have decided to forgo the tax portion that the state government would have got on account of the increased price of Rs.3 per litre of diesel. As a result, diesel will now cost Rs.0.75 less,' said Chandy.
giving up the tax, he said.Kerala had given up the tax when petrol price was hiked by the Centre last month. Meanwhile, the first session of the newly-elected Kerala assembly began on a stormy note with the opposition Left walking out after the speaker disallowed their demand for a discussion on the recent hike in fuel prices.
Seeking leave for an adjournment motion, Communist Party of India-Marxist (CPI-M) legislator and former state finance minister Thomas Issac said the latest hikes in prices of diesel, kerosene and cooking gas were a cruel blow to the people.'Had the centre taken cognisance of the huge corruption in the 2G scam, S-band and other corruption cases, that money could have been used to settle the so-called deficit of Rs.1.22 lakh crore of the various oil companies,' Issac said. Replying to the opposition charges, Chief Minister Oommen Chandy said his government sympathised with the the people of the state.'We have decided to forgo the tax portion that the state government would have got on account of the increased price of Rs.3 per litre of diesel. As a result, diesel will now cost Rs.0.75 less,' said Chandy.
Prof. John Kurakar
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