Saturday, November 22, 2008

A fuel and his money are never parted

Traveling daily for nearly 60 kilometers, the best form of entertainment other than listening to music or reading is see what's new on the roads. Be it new shops coming up, or old shops having their name weirdly spelt in local language, or infrastructures development or hoarding's.

But of late, companies seem to be cutting down on their expenses on hoarding's. My estimate would be that 60-70% hoarding's in Mumbai are currently without advertises.Most are painted with "available" tag. Is it the effect of recession? I am not an expert to quote on it. But it does seem so. And if it so, then why is the Government still trying to paint a rosy picture.

Automobile Industries, are shutting down their plants for weeks together to avoid buildup of inventory. Banks are laying off staponappa21lff. In real estate, where builders were putting up 2-3 slabs in a month, are currently going slow and completing only 1 slab in a month. Crude is falling down, but our Government is saying they want to cover the losses. But at the same time the Government is reducing the cost of fuel for airplanes. What percentage of people travel in plane compared to people using road transport?

The best joke I have read about the Finance minister is "A fuel and his money are never parted", after his stand of refusing to reduce the fuel prices in India. It is very apt in the current scenario.

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