Its here

Yes we finally had a price hike on the fuel front from the govt. The hike includes a 5 rs hike for petrol, 3rs for deisel and a Rs 50 hike in LPG cylinder. The govt also resorted to duty cuts on import of crude and diesel to cut losses of the oil marketing companies to the tune of Rs 22,000 crores. What i found missing in this whole episode was any concrete steps to reduce dependence on imported fuel. I was expecting some steps on setting up of solar power plants and plans to set up pipelines for the use of natural gas which is available in india in abundance. But all this was missing. Hope the govt tries to make the country self dependent by changing the way fuel is consumed in large projects. The markets did not take this lightly and the stock market tanked by over 447 points. This could be a good time for some investment now. I feel its time to begin making some investments. My personal picks would be petronet lng, noida toll, rpl, reliance industries, morepen labs, lakshmi elec, larsen & tubro.