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Showing posts with the label analysis

Jan Lokpal- difference from govt. proposed bill, some common questions and how will it help us (aam-aadmi)?

After watching this video(http://www.youtube.com/watch?v=2CHcKlIsvAQ&feature=related), I was inspired to actually understand Lokpal better and writing here what all I could find on internet: Difference between Government proposed Lokpal Bill and Jan Lokpal Bill proposed by Arvind Kejriwal et al: Nature of Lokpal:  The government wants Lokpal to be an advisory body, which will only forward its enquiry report to the competent authority for action like CVC is merely an advisory body. Central Government Departments seek CVC’s advice on various corruption cases. However, they are free to accept or reject CVC’s advice then why the heck are the making Lokpall? Just rename CVC to Lokpals. Although CBI can register FIR and file case but it has to take permission from government department before registering an FIR, why would departments give permissions when we all know corruption is from top to bottom in most cases? The Jan Lokpal Bill proposes powers to initiate prosecution after comple

Reality check on oil price hike

  Yesterday, Diesel and LPG's prices were hiked again. This encouraged me to do an analysis for self-satisfaction on whether these price hikes were necessary (rates have been increased 10 times in last one year) or just result of bad administration on PSUs. Now after talking to some friends who are working in oil industries and internet search. a) I found that following is processing cost for oil companies:       74% - Cost of the crude oil       11% - Taxes Please note: This has been reduced yesterday significantly! (Ref: Link1 and Link2 )       10% - Refining costs       5% - Distribution and marketing (Ref: Link3 ) b) Current crude oil cost: Around USD 100/barrel (Ref: Link4 )           So, total cost of processing is: USD 135/barrel (from (a) and (b))           1 oil barrel= 42 gallon and hence 159 litres (approx)           Cost per litre of processed oil: USD 0.85= INR 38.2 c) Now, whether processed oil is petrol/diesel/keronses that depends on demand