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June 18, 2008

Econoimy 101: What is a subsidy?

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Nothing teaches more about this English word “subsidy” than the fuel price hike event. But before that, just couple of facts:-

Fact 1: The Government says that it spends billions in subsidy every year

Fact 2: The fuel price in international market been increasing steadily over the years

Fact 3: Subsidy if it was in cold hard cash and being used to keep prices artificially low, it has to go!

[Click to read the rest] “Econoimy 101: What is a subsidy?”