Kvasu

[Diva Jain @DivaJain2]

Number of economically illiterate people in the country boggles the imagination. This is called intertemporal smoothing because consumers don't like volatility in prices. Same reason you spend less than you earn in your youth so that you can spend when you dont earn in old age.

[Kvasu @KVasu1970]

@DivaJain2 Seriously !!
How stupid are thses people.

[Kvasu @KVasu1970]

And why do people assume that politics can ever be divorced from economy in country like india, where onion prices has led to fall of govts.

[Kvasu @KVasu1970]

So Govt should let the prices swing wildly? Reducing volatility in price of a commodity so substantive, is a good policy. Helps anchor inflation exp,economic planning.
Not a celiya or political at all !

[Frontier Indica @frontierindica]

Now nashnulist IT celliyas will be out in full force telling you how fuel prices have increased in US, Europe, South East Asia, etc.

Conveniently, they will not mention what happened when crude prices collapsed in 2020.

In March 2020, when global oil prices were falling, the government hiked excise duty on petrol and diesel by Rs 3 per litre. Then in May 2020, when crude had crashed even harder, it again hiked duty by Rs 10 per litre on petrol and Rs 13 per litre on diesel. The total excise incidence went to Rs 32.98/litre on petrol and Rs 31.83/litre on diesel.

In the US, gasoline prices actually fell from around $2.38/gallon in mid-March 2020 to $1.77/gallon by late April. In Europe also, fuel inflation went sharply negative because consumers got at least some benefit of the oil crash.

But in India, the benefit was absorbed through taxes. Public did not get the upside.

Now that crude is up and elections are over, petrol and diesel prices are being hiked and the same public is expected to bear the full brunt.

When crude falls, government pockets the benefit. When crude rises, consumer pays.

Basically, Heads I win, tails you lose - a sick mentality for a government to have for its own people.

[Kvasu @KVasu1970]

@somnath1978 @___Ambassador__ Watch The Capture

[Kvasu @KVasu1970]

@PaddyKeoghAF @ryan_digit MidKids !!

[Kvasu @KVasu1970]

@AdithyaKM_

[Kvasu @KVasu1970]

@gunsnrosesgirl3 Looks like an aircraft carrier too!

[Kvasu @KVasu1970]

@chetansha_ Cause he wasn't Jesus, he couldn't walk on water!

[Kvasu @KVasu1970]

@IndianTintin_ Awe TinTin, indeed a lost puppy!
So cute.

[Kvasu @KVasu1970]

@UNDP_India Snow leopard

[Kvasu @KVasu1970]

@Kairavii_Rajput Girls saying dumbest things in the most sweetest manner of speaking with NAZAKAT.

[Kvasu @KVasu1970]

@Casey_Evans_ Simone Inzaghi.
Was amazing at playing pressing, direct football with lazio. Now doing with inter Milan. Working with minimal budget, makes players better eg lautaro, SMS, Luis Alberto, immobile.

[Kvasu @KVasu1970]

@Saiarav Absolutely no offense taken.
I mean it's pretty harmless.
It's a non official setting, I would assume largely Hindu audience, guy isnt aggressive, doesn't seem directed at anyone.
I do agree with u on other aggressive chanting on Muslims and pak match completely.

[Kvasu @KVasu1970]

@Saiarav Respectfully, what is so offensive about it.
It's a term of salutation used in haryana. Everyone one uses "ram ram",just like you would use GM without thinking about it.
If listener (u in this case) ascribe meaning to it. Then go ahead.