Petrol price was increased today by Rs 7.50 a liter with immediate effect - Indian rupee headed for a crash into Rs 150 to a dollar
Tushar Nandi
May 23, 2012

India has started paying for all the wrong that was done in the last seven years. The petrol price hike was inevitable with Indian oil companies on the brink of collapse. The mega scams in the economy under the current government is unrelenting. Hundreds of billions of dollars have been stolen from India into Swiss Benk accounts by the Indian politicians since year 2005.

The biggest casualty is Indian currency. The currency really have no value. Inflation will skyrocket, economy will go into depression and rupees with he next eighteen months may hit unbelievable Rs 150 to a dollar, 200% depreciation in the value of Indian currency. This will happen while US Dollar itself is steadily losing its own value.

The slide of Indian rupee can spike the petrol, kerosene, diesel, and LPG prices to levels unimaginable. For example in the next 18 months, petrol in India may cost Rs. 400 a liter. The price hike of petrol is related Indian demand of gasoline.

Indians in India have been living in dreamland while their leaders were engage in mass stealing of money from India and creating billion dollar accounts in Swiss Banks. The corruption has spread into courts, judges, police, clerks, and even the military.


BIZ/FINANCE ARTICLES

Petrol price was increased today by Rs 7.50 a liter with immediate effect - Indian rupee headed for a crash into Rs 150 to a dollar
Tushar Nandi
Petrol price was increased today by Rs 7.50 a liter with immediate effect - Indian rupee headed for a crash into Rs 150 to a dollar
READ MORE>>

IPL owners and BCCI face 1500 crore black money scam scrutiny from Indian Income Tax department for miney laundering and tax evasion
Nita Sangili
The Enforcement Directorate (ED) and income tax department have been asked to probe the presence of black money in the cash-rich league, sports minister Ajay Maken told Lok Sabha on Monday.
READ MORE>>

Indian Govt to address Air India pilots' grievances in two months
Parth Adarsh
As the strike by Air India pilots entered its 12th day, the government on Saturday appealed to them to report for work, promising it would resolve their problems within three months.
READ MORE>>

India may not be the right place for investments in the next ten yeras
Rana Tanbir Singh
India and China may be on the brink of Great Asian Depression as the world takes measures to cut manufacturing and service imports from these Asian giants.
READ MORE>>

As US stocks get ready to crash, Hillary Clinton promises Mamata of Bengal debt relief
Samir Lahiri
US faces bigger debt crisis that Mamata Bannerjee and West Bengal. US can print dollar, West Bengal cannot. That is the difference.Well, US can print some dollar and buy Wall Mart into India bribing Mamata some debt relief.
READ MORE>>

President Prativa Patil wasted $41 million in travel with friends and kins to foreign countries
Kiran Chaube
Shameless Indian President has no place to hide after her extravagance and disregard to wasting public wealth is exposed.
READ MORE>>

MORE ARTICLES >>

   
 
 
 
 
 
 
 

Close Window