By krsna Khandelwal – A veteran market analyst
Friends,
RIL exports 80% of its fuel but to traders. It has now decided to also directly market in US and Europe. The gap between the fuel prices and crude is widening and is to the advantage of refineries. The world refining capacity shortage will remain till 2011-12.
Govt. has allowed the holding arms and investment arms of the foreign companies to bring in money at will and park in India. They have been allowed to invest at will in respective sectors observing the applicable cap in the sector of their investment.
Cement demand is rising and may result in higher cement prices. In Mumbai the present price per bag is Rs 260/- while in Delhi it is Rs 230/- . I do not know how the ‘finmin’ will respond to price hike of cement.
Govt. plans to introduce 10% ethanol blended petrol from Oct 08 but some vehicles may not be fit to run on 10% mix. The 5% mis of ethanol is OK for most vehicles. I think there should not be any compulsion to buy the mixed petrol. It should be propagated through price differential.
Exactly 70 years ago, on the 13th Dec, the Japanese forces had massacred 300000 people in Nanjing, China. Both the countries are in process of leaving the past behind and remain friendly. For China there is hardly any scope of protesting for it does not care for lives for its own people much and the world knows. China is trying to be developed nation and should immediately improve its record and take steps to democratise the society as far as possible and the least it can do is to free the press completely.
Hari Om
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