BIGGEST MISTAKE OF NARENDRA MODI ?

After a wrong decision. THE govt made such a big reform. The political courage that took years to implement the reform. In 2010 UPA govt gasoline prices decided by the market. UPA govt abandoned old policy, The NDA govt also followed this reform and modi‘s govt also includes diesel price in it. 




Recently The whole country outcry because the price of petrol and diesel had gone up a bit. so the central govt reduced the amount of excise duty on petrol diesal of RS.1.50 rupee. That resulted in a financial loss of RS. 10 thousand crore to the govt. but the biggest mistake of the govt is that they told the oil companies that they also reduced 1 rupee, it was a hasty decision. when we first brought the policy of free price of petrol, the market would now decide what would be the rate of petrol and diesel, the govt ended that reform in one stroke. when the Announcement was done, the govt has told the oil companies to reduced one rupee. The stock market crashed badly in just one hour of the ending and starting of 4 or 5 October.




In just one hour oil companies lost one lakh crore rupees and oil companies lose wealth of one lakh crores. In which the ordinary shareholders lost Rs. 48 thousand crore and the govt itself lost RS. 55 thousand crore rupees. rather than order to oil companies, better is  That, the govt itself reduced the excise duty of 1 rupee in price of petrol and diesel. this would have cost the govt a financial loss of RS. 7 thousand crore rupees. But if the govt had taken this decision then RS. 1 lakh crore could be saved.

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