CII welcomes the decision to deregulate fuel prices. While this will have some negative impact on inflation in the short-term, the long-term impact of cutting subsidies will be positive. Instead of keeping prices suppressed artificially, it is important to send the correct price signals to consumers so that there is no wastage of scarce resources. Oil companies that have been bearing this subsidy can now free up cash for investment. Most importantly, the move has shown that the government has the ability to implement policy changes even if they are politically difficult.

Source:http://www.cii.in/PressreleasesDetail.aspx?enc=uI5K6d1p0pAIBWjJIyGBJcMll/JpeR8nyx3irDlhb5hfY2/8g1vO7yWxl1IW8lOnRGrTjGq3R5wzXktngOtIgqohl+RY8kNwvQ2NV7QvKUjwWQMnhMwBXgCwSKK/yhckekiId7P/XTkTp4mrFarrsA==

German Autoparts & Accessories Importers
German Food & Food Products Importers
German Handicrafts & Decorative Items Importers
German Home Furnihsing Materials Importers
German Imitation & Fashion Jewelry Importers
German Leather Products Importers
German Readymade Garments Importers
German Textiles & Fabrics Importers