
Amit Modi
4.3K posts

Amit Modi
@julyone_modi
Dented and Painted!!!now in🇨🇦 but originally from 🇮🇳!!



Final results of elections: Winners: BJP, TVK, UDF, AINRC. Losers: LRO (Luxury Resort Owners).



Let me educate non Gujaratis on X. 😜 All these are not dhoklas. 1. Dhokla 2. Nylon Khaman 3. Vati Dal Na Khaman 4. Idada So from today whenever you call everything dhokla, remember this post. By the way we have few more such varieties to confuse you more. 🤣





Given that the West Asia crisis has lasted for more than two months now, I think it is time for the Indian government to consider price hikes for retail petroleum products. I fully expect this to be unpopular initially, but we cannot cross-subsidise energy imports when their price are so high. Moreover it sends the wrong price signals to energy transition investments particularly on the end-use side, such as electric vehicles and hybrids etc. The government got a lot of questions on the ethanol/flex fuel idea, and understandably so, but we will have to move on that too. Simultaneously coal gasification on a war footing is needed. There are limitations to this idea too - environmental and otherwise - but we are currently far from those limits. Overall, we cannot shield the public from global prices beyond a limit. The situation is very dynamic and some of these measures may not be needed, but I am sure the responsible decision will be taken in the end as appropriate. Creating some fiscal space while allowing some inflation passthrough may also not be tactically imprudent given that the deflator has been sub-4 for a long time, but the term premium has risen a lot over the last year or so.


























