Najeeb Sawali
Growing numbers of people are feeling a rising tide of anxiety, as they watch their incomes erode and hear continuing news of further hikes in power and gas tariffs on the way, after the recent massive hike in petrol prices by nine rupees in the month of September, and the rupee crossing 170 to the dollar. And now we hear from reputable global ratings agencies like Fitch that the dollar could touch 180 rupees later in 2022. On top of this, there is swirling talk of further power tariff hikes as well as continuing food price inflation. It is impossible to say how far these trends are going to go. And even for those who have been lucky enough to see an increase in their salaries this year, ranging between six to 10 percent, the bad news is that the economy is swivelling in a direction that will more than wipe these gains away. Keeping your head above water is going to remain challenging in the months ahead. Besides this, power tariffs were hiked in early 2021 but, given the International Monetary Fund(IMF pressure, more is to come. Fuel prices have also seen a record hike and it seems the worst is yet to come. given that global prices are continuing to rise and the government is preparing to acivate further taxes on petrol as a means to shore up its fiscal position. It is requested by the government to make a good decision for the nation for what they are in a dark situation.
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