Financial Daily from THE HINDU group of publications
Wednesday, Nov 24, 2004
Financial Daily from THE HINDU group of publications Wednesday, Nov 24, 2004 |
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Opinion
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Letters Fluctuating oil prices
In "Dollar dip not a worry now" (Business Line, November 22), the Finance Minister, Mr. P. Chidambaram is quoted as having said that high oil prices were a big threat to the country's economic outlook. He also said that the oil price may be beyond his control. But he should have the economy under his control and take the required steps to deal with any rise or fall in the prices of commodities and essential items as a fallout of high oil prices. One way is to take short-term steps while laying the road map for long-term measures in the coming Budget. He needs to bring in the required tax reforms in the oil sector and give incentives for reducing wastage, for alternative fuels and R&D. A. Jacob Sahayam Thiruvananthapuram Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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