The recent moves of the government to gradually deregulate the Petroleum, Oil and Lubricants (POL) sector in India as part of the agenda of ‘neo-liberal reform’ has generated discontent among the people. In the run-up to complete deregulation, there are instances of increase in the domestic price of POL products that are proportionately more than the rise in their international prices. In the most recent instance (of 13thSeptember, 2012), the diesel price was raised by Rs.5 per litre at one go, even without any rise in international prices.
Exposing the Lies of Petroleum Minister, Mr. Murli Deora, on the price hike of petroleum products.
The question of the money deposited in the swiss banks needs to be seen as a part of the totality of the neoliberal economic policies promoting financial deregulation. An article by Prof.C.P.Chandrasekhar which appeared in the Frontline does that succinctly.