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Modi to talk about the economic condition of the country

Thursday - September 13, 2018 3:46 pm , Category : WTN SPECIAL
Prime Minister Modi may get bothered by rising inflation
Prime Minister Modi may get bothered by rising inflation

Prime Minister Modi worried by falling rupee and expensive petrol and diesel

SEP 13 (WTN) - The rupee weakened against the dollar, and the expensive petrol-diesel has put forward the concern of Prime Minister Narendra Modi. Now, in the last of the year, in states like Madhya Pradesh, Rajasthan and Chhattisgarh, assembly elections are going to be held, the same is the Lok Sabha elections next year. In such a situation, the biggest challenge before Prime Minister Modi is how the weak rupee should get settled, and how the public should be provided cheaper petrol and diesel.

Modi knows that if he would not control the situation at this time, then the control in the future would be deteriorating, and the condition may still worsen in the days to come. That is why Prime Minister Narendra Modi will review the country's economic condition on Saturday. This meeting is very important among the falling rupee and rising prices of diesel and petrol.

According to information received from the media, in this meeting, the declining of rupee against dollar and the rising cost of crude oil will be discussed. It is being said that in this meeting, it will be discussed and reviewed whether the government should now intervene or not.

The first thing to talk about is the constant weakening of rupees. The rupee is at its historical lowest level at this time. According to economists, interest rates may increase to curb the rupee fall. For your information, let you know that there has been 12.3% decline in rupee so for in this year. If the rupee has weakened then its adverse impact will be on the economy of the country.

If the rupee is weak then the import of crude oil will be expensive, if the import of crude oil is expensive, and then it is natural that the prices of petrol and diesel will be increased. If this happens then it will increase inflation too. Due to falling rupee, gold is also becoming increasingly expensive. At the same time many consumer durable companies have also been preparing to increase the prices of fridge, TV and washing machine products. In such a situation, if inflation increases from all sides, it would be difficult for the Modi government to respond to the public.

At the same time, there may be discussion and review on the issue of bringing the petrol-diesel under the purview of GST. After petrol selling at Rs 90 per liter in the country, the public, including the opposition, is demanding that petrol-diesel should be brought under the purview of GST. People demanding that there should be a new rate slab in GST for petrol and diesel, and if it is kept at 40 per cent rate slab, so it would be still cheaper compared to today.

At the same time, if petrol-diesel is not brought in GST, then what are the other options by which fuel can be cheaper? In the election year, Prime Minister Modi can’t liberate the price of petrol and diesel on the international market. Now it has to be seen that the master of the electoral strategy, Modi, what decides in this difficult phase of the economy.

If Prime Minister Modi didn’t pay attention to this time, then in the forthcoming assembly elections and in the Lok Sabha elections, there would be no hope for the BJP. Because after the amendment in the SC-ST act, the upper caste and backward classes are upset, so BJP should take them serials. This is the vote bank, which has been the BJP's traditional vote bank, and keeping in mind the assembly elections and Lok Sabha elections, the BJP should not displease them.
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