Dear All,
We are reviewing the essays as we speak and doing so since the day we launched the Open Test.
At the end of the test , we will upload some GOOD COPIES that we received and we know that many of you have written to us with regards to review- we can assure you that your review is on your way. We are working day and night to provide the reviews as fast as we can.
Also, once all the reviews are finished, we will upload the statistics for you to see. While giving reviews we stick to certain values :-
- We don’t sugarcoat, we express your strength and weakness in the same vein.
- So, don’t get disheartened if your review is not “good”, because, remember, when tomorrow you will become a civil servant, your whole life will be under constant scrutiny and criticism and you have to live through it all.
- The strength lies in handling the criticisms well and improve upon it. We have seen students, who stop writing after the review and we have seen students who write more and try to improve, in fact when they get their feedback they become happy not disappointed ( Saumya- Rank 4, Asutosh- Rank 370,- all of them shown this attitude)
- Remember, no one is perfect and there is no perfect essay. So try to improve and lastly, treat us as your friends, not teachers/gurus or the people who will judge you.
- We have seen enough in our life to know that brilliance can come from anywhere and brilliance can be achieved by anyone, given the effort. We are the strong believers in the human’s capacity to change.
- Disappointments are natural to all human beings, but the strength lay in changing it to your advantage.
- We can help you score beyond 150, that’s a promise we can deliver, but when you get your feedback, try to inculcate the changes. If we don’t change or adapt, we know what happens – as big fella as the Dinosaurs have gone extinct.
- So Adaptability is in our vary nature and Adaptability is survival. Adaptability can make you a winner.
- So make yourself stronger, talk to us if you need and get guidance on how to improve. We can be your friends in need.
Thank You
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Petrol in India is cheaper than in countries like Hong Kong, Germany and the UK but costlier than in China, Brazil, Japan, the US, Russia, Pakistan and Sri Lanka, a Bank of Baroda Economics Research report showed.
Rising fuel prices in India have led to considerable debate on which government, state or central, should be lowering their taxes to keep prices under control.
The rise in fuel prices is mainly due to the global price of crude oil (raw material for making petrol and diesel) going up. Further, a stronger dollar has added to the cost of crude oil.
Amongst comparable countries (per capita wise), prices in India are higher than those in Vietnam, Kenya, Ukraine, Bangladesh, Nepal, Pakistan, Sri Lanka, and Venezuela. Countries that are major oil producers have much lower prices.
In the report, the Philippines has a comparable petrol price but has a per capita income higher than India by over 50 per cent.
Countries which have a lower per capita income like Kenya, Bangladesh, Nepal, Pakistan, and Venezuela have much lower prices of petrol and hence are impacted less than India.
“Therefore there is still a strong case for the government to consider lowering the taxes on fuel to protect the interest of the people,” the report argued.
India is the world’s third-biggest oil consuming and importing nation. It imports 85 per cent of its oil needs and so prices retail fuel at import parity rates.
With the global surge in energy prices, the cost of producing petrol, diesel and other petroleum products also went up for oil companies in India.
They raised petrol and diesel prices by Rs 10 a litre in just over a fortnight beginning March 22 but hit a pause button soon after as the move faced criticism and the opposition parties asked the government to cut taxes instead.
India imports most of its oil from a group of countries called the ‘OPEC +’ (i.e, Iran, Iraq, Saudi Arabia, Venezuela, Kuwait, United Arab Emirates, Russia, etc), which produces 40% of the world’s crude oil.
As they have the power to dictate fuel supply and prices, their decision of limiting the global supply reduces supply in India, thus raising prices
The government charges about 167% tax (excise) on petrol and 129% on diesel as compared to US (20%), UK (62%), Italy and Germany (65%).
The abominable excise duty is 2/3rd of the cost, and the base price, dealer commission and freight form the rest.
Here is an approximate break-up (in Rs):
a)Base Price | 39 |
b)Freight | 0.34 |
c) Price Charged to Dealers = (a+b) | 39.34 |
d) Excise Duty | 40.17 |
e) Dealer Commission | 4.68 |
f) VAT | 25.35 |
g) Retail Selling Price | 109.54 |
Looked closely, much of the cost of petrol and diesel is due to higher tax rate by govt, specifically excise duty.
So the question is why government is not reducing the prices ?
India, being a developing country, it does require gigantic amount of funding for its infrastructure projects as well as welfare schemes.
However, we as a society is yet to be tax-compliant. Many people evade the direct tax and that’s the reason why govt’s hands are tied. Govt. needs the money to fund various programs and at the same time it is not generating enough revenue from direct taxes.
That’s the reason why, govt is bumping up its revenue through higher indirect taxes such as GST or excise duty as in the case of petrol and diesel.
Direct taxes are progressive as it taxes according to an individuals’ income however indirect tax such as excise duty or GST are regressive in the sense that the poorest of the poor and richest of the rich have to pay the same amount.
Does not matter, if you are an auto-driver or owner of a Mercedes, end of the day both pay the same price for petrol/diesel-that’s why it is regressive in nature.
But unlike direct tax where tax evasion is rampant, indirect tax can not be evaded due to their very nature and as long as huge no of Indians keep evading direct taxes, indirect tax such as excise duty will be difficult for the govt to reduce, because it may reduce the revenue and hamper may programs of the govt.