Last Updated on February 12, 2014 by MBAUniverse.com News Desk
WAT Topics for MBA: Elimination of subsidies on Petroleum products will boost the image of government
This article is in the series of GD PI WAT preparation for MBA Admission 2014.This WAT/ essay on the Topic Elimination of subsidies on Petroleum products will boost the image of government will provide inputs for your WAT round at Admission 2014
MBAUniverse.com has started an expert series of GD PI WAT preparation for MBA Admission 2014. This series of articles will help aspirants prepare for their GD PI WAT by providing valid contents, probable topics and experts advice to help them succeed during admission process at various B schools.
This essay on the TopicElimination of subsidies on Petroleum products will boost the image of government.will provide inputs for your WAT round.
Populist government finds it difficult to do away with the subsidies for fear of losing its popularity. The fact to a large extent is otherwise to this common belief. Although subsidies are commonly believed to help the poorest, most of the benefit actually accrues to the highest income households. The benefits of Petroleum subsidies including diesel are the most regressive, with over 80 percent of total benefits going to the richest 40 percent of households.
Removal of subsidy can make up the deficits
Eliminating these subsidies can help reduce the large budget deficits India has so far accumulated. Budgetary savings can be redirected to programs to mitigate any adverse impact on the poor. India has been incurring a loss of around Rs.140, 000 crores every year on account of subsidies and under recoveries (Difference between the cost and regulated price at which retailers get these products) on petroleum products.
Elimination of LPG subsidy may lead to more energy resources
Pricing of Liquefied Petroleum Gas (LPG) becomes the hot debatable topic whenever there is any subsidy cut. Looking deeper into the facts we find that India is said to be living in rural areas and most of this rural population do not use LPG. Cow dung/farm waste/scattered wood and Kerosene, if made available through PDS are used in rural areas. LPG in fact is the fuel of middle and rich class residing in the urban area. The amount of revenue so received while scrapping the subsidy may be used to develop solar, gobar gas, wind based renewable energy plants, that may benefit more rural and poor population and will ultimately reduce dependence on petroleum products.
Need is to install more renewable energy plants
Almost 400 million people in India have no access to electricity, and kerosene is used by a large number of them for lighting. Irony of situation is that the rural population does not get even one litre of Kerosene from the Fair Price Shop despite making many rounds to it since the person holding the license to the PDS shop prefers to black market the kerosene instead of providing it to the entitled ones. All these woes can be redressed with the strong ground work of installing renewable energy plants and bringing about awakening among the rural masses.
Click below to score high marks in GD PI WAT process of B schools for Admission 2014 http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
Funds saved will make the nation a welfare state in reality
Withdrawal of subsidies in a planned manner will make the long stuck funds free for various social welfare programmes and shall put the economy on the fast track of growth. Neither the Reserve Bank of India nor the rating agencies shall have any adverse opinion to this factor. With the curtailed supply of subsidized LPG cylinders and the petrol prices already at the international market trend, the government has already freed around Rs.55000 crores which may become instrumental to make the government more popular as it may effectively implement the social welfare programmes.
While Indian economy has been reeling under the pressure of monetary as well as fiscal deficits, no substantial gain for the benefit of the rural and the poor could be made given the high scale of subsidies in petroleum products. The elimination may bring more competition in oil industry like public v/s private sector. Reliance, Essar, Shell and the future joiners may have the price war in petroleum retail. It is also possible that the government might reduce various taxes and duties like excise, sales, trade, once the subsidy is withdrawn. This will also reduce the prices on these products.
Subsidy elimination will create greener environment
The effect of petroleum subsidies on the environment cannot be overlooked. Limiting subsidies shall have substantial benefits for the environment by reducing oil consumption and the associated greenhouse gas emissions. A cleaner and greener environment for future generation can be ensured with more use of alternate and renewable energy.
Win-Win situation
If implemented judiciously neither the government nor the consumers are going to lose and social welfare programmes shall get a shot in the arm. It will be a win-win situation. The popularity of the government will get a boost and the society as well as economy will march faster on the path of development.
Solved WAT Essay topic for Admission 2014
WAT Topic for MBA: 2014 General elections will be a watershed for Indian democracy
WAT Topic for MBA: Corruption is the root cause of current economic and social woes in India
WAT Topic for MBA: Indias 1.2 billion population is an asset for the country
WAT Topic for MBA: India has more skilled Human Resource
WAT Topic for MBA: Indo-US relations; how much beneficial for India
WAT Topic for MBA: FDI in multi brand retail is a boon or bane
WAT Topic for MBA: Is ASEAN a defunct Group
WAT Topic for MBA: Essay writing; fasten your belts
Essay Writing and WAT in IIMs: Role, Importance and Weightage
Click for more WAT topics for MBA
MBAUniverse.com offers a comprehensive preparation package coupled with over 200 online interactive classes with Top CAT experts including from IIMs for CAT 2014 preparation. Visit the link below for more information and new batch schedules:
http://www.mbauniverse.com/mba-exam-preparation/CAT_Preparation/mba_preparation_package.php
Solved GD Topics for MBA Admission 2014 :
GD Topic for MBA: What India gained at the WTO DOHA Round
GD topic for MBA: Political activism is the only way to root out corruption
GD Topic for MBA: New Lokpal will be effective in curbing corruption
GD Topics: Gender bias in portraying Women in Advertisements
GD Topic for MBA: RBIs new governor has taken adequate steps to improve Indian Economy
GD Topic for MBA: Corruption is the root cause for Indian Economy slowdown
GD Topic for MBA: The rise in vegetable prices is a man made farce
GD Topic for MBA: Opinion Polls be banned in pre election period
GD Topic for MBA: Should business lobbying be made legal in India?
GD Topics: Will India remain way behind China?
Click below to score high marks in GD PI WAT process of B schools for Admission 2014 http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
Click below to know the list of top B schools for MBA Admission 2014
B Schools in Delhi NCR
B Schools in Mumbai
B Schools in Pune
B Schools in Bangalore
B Schools in Chennai
B schools in Kolkata
B schools in Cochin
B Schools in Bhubaneswar
B Schools in Hyderabad
IIM Admission Criteria 2014-16
IIM Ahmedabad Admission criteria 2014-16
IIM Bangalore Admission Criteria 2014-16
IIM Calcutta Admission Criteria 2014-16
IIM Lucknow Admission Criteria 2014-16
IIM Kozhikode Admission Criteria 2014-16
IIM Indore Admission Criteria 2014 - 16
IIM Shillong Admission Criteria 2014-16
Six New IIMs
IIM Tiruchirappalli Admission Criteria 2014-16
IIM Ranchi Admission Criteria 2014
IIM Rohtak Admission Criteria 2014
IIM Kashipur Admission Criteria 2014-16
IIM Raipur Admission Criteria 2014-16
IM Udaipur Admission Criteria 2014-16
Click below to score high marks in GD PI WAT process of B schools for Admission 2014-02-04 http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
For any doubts and queries related to the exam pattern, preparations and other related queries about MBA entrance exams like XAT,IIFT, NMAT, SNAP, CMAT, IBSAT, MICAT and MBA Admission 2014, click here http://www.mbauniverse.com/mbau_faq/client.php
Stay tuned to MBAUniverse.com for more solved WAT topics for MBA Admission 2014
This essay on the TopicElimination of subsidies on Petroleum products will boost the image of government.will provide inputs for your WAT round.
Populist government finds it difficult to do away with the subsidies for fear of losing its popularity. The fact to a large extent is otherwise to this common belief. Although subsidies are commonly believed to help the poorest, most of the benefit actually accrues to the highest income households. The benefits of Petroleum subsidies including diesel are the most regressive, with over 80 percent of total benefits going to the richest 40 percent of households.
Removal of subsidy can make up the deficits
Eliminating these subsidies can help reduce the large budget deficits India has so far accumulated. Budgetary savings can be redirected to programs to mitigate any adverse impact on the poor. India has been incurring a loss of around Rs.140, 000 crores every year on account of subsidies and under recoveries (Difference between the cost and regulated price at which retailers get these products) on petroleum products.
Elimination of LPG subsidy may lead to more energy resources
Pricing of Liquefied Petroleum Gas (LPG) becomes the hot debatable topic whenever there is any subsidy cut. Looking deeper into the facts we find that India is said to be living in rural areas and most of this rural population do not use LPG. Cow dung/farm waste/scattered wood and Kerosene, if made available through PDS are used in rural areas. LPG in fact is the fuel of middle and rich class residing in the urban area. The amount of revenue so received while scrapping the subsidy may be used to develop solar, gobar gas, wind based renewable energy plants, that may benefit more rural and poor population and will ultimately reduce dependence on petroleum products.
Need is to install more renewable energy plants
Almost 400 million people in India have no access to electricity, and kerosene is used by a large number of them for lighting. Irony of situation is that the rural population does not get even one litre of Kerosene from the Fair Price Shop despite making many rounds to it since the person holding the license to the PDS shop prefers to black market the kerosene instead of providing it to the entitled ones. All these woes can be redressed with the strong ground work of installing renewable energy plants and bringing about awakening among the rural masses.
Click below to score high marks in GD PI WAT process of B schools for Admission 2014 http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
Funds saved will make the nation a welfare state in reality
Withdrawal of subsidies in a planned manner will make the long stuck funds free for various social welfare programmes and shall put the economy on the fast track of growth. Neither the Reserve Bank of India nor the rating agencies shall have any adverse opinion to this factor. With the curtailed supply of subsidized LPG cylinders and the petrol prices already at the international market trend, the government has already freed around Rs.55000 crores which may become instrumental to make the government more popular as it may effectively implement the social welfare programmes.
While Indian economy has been reeling under the pressure of monetary as well as fiscal deficits, no substantial gain for the benefit of the rural and the poor could be made given the high scale of subsidies in petroleum products. The elimination may bring more competition in oil industry like public v/s private sector. Reliance, Essar, Shell and the future joiners may have the price war in petroleum retail. It is also possible that the government might reduce various taxes and duties like excise, sales, trade, once the subsidy is withdrawn. This will also reduce the prices on these products.
Subsidy elimination will create greener environment
The effect of petroleum subsidies on the environment cannot be overlooked. Limiting subsidies shall have substantial benefits for the environment by reducing oil consumption and the associated greenhouse gas emissions. A cleaner and greener environment for future generation can be ensured with more use of alternate and renewable energy.
Win-Win situation
If implemented judiciously neither the government nor the consumers are going to lose and social welfare programmes shall get a shot in the arm. It will be a win-win situation. The popularity of the government will get a boost and the society as well as economy will march faster on the path of development.
Solved WAT Essay topic for Admission 2014
WAT Topic for MBA: 2014 General elections will be a watershed for Indian democracy
WAT Topic for MBA: Corruption is the root cause of current economic and social woes in India
WAT Topic for MBA: Indias 1.2 billion population is an asset for the country
WAT Topic for MBA: India has more skilled Human Resource
WAT Topic for MBA: Indo-US relations; how much beneficial for India
WAT Topic for MBA: FDI in multi brand retail is a boon or bane
WAT Topic for MBA: Is ASEAN a defunct Group
WAT Topic for MBA: Essay writing; fasten your belts
Essay Writing and WAT in IIMs: Role, Importance and Weightage
Click for more WAT topics for MBA
MBAUniverse.com offers a comprehensive preparation package coupled with over 200 online interactive classes with Top CAT experts including from IIMs for CAT 2014 preparation. Visit the link below for more information and new batch schedules:
http://www.mbauniverse.com/mba-exam-preparation/CAT_Preparation/mba_preparation_package.php
Solved GD Topics for MBA Admission 2014 :
GD Topic for MBA: What India gained at the WTO DOHA Round
GD topic for MBA: Political activism is the only way to root out corruption
GD Topic for MBA: New Lokpal will be effective in curbing corruption
GD Topics: Gender bias in portraying Women in Advertisements
GD Topic for MBA: RBIs new governor has taken adequate steps to improve Indian Economy
GD Topic for MBA: Corruption is the root cause for Indian Economy slowdown
GD Topic for MBA: The rise in vegetable prices is a man made farce
GD Topic for MBA: Opinion Polls be banned in pre election period
GD Topic for MBA: Should business lobbying be made legal in India?
GD Topics: Will India remain way behind China?
Click below to score high marks in GD PI WAT process of B schools for Admission 2014 http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
Click below to know the list of top B schools for MBA Admission 2014
B Schools in Delhi NCR
B Schools in Mumbai
B Schools in Pune
B Schools in Bangalore
B Schools in Chennai
B schools in Kolkata
B schools in Cochin
B Schools in Bhubaneswar
B Schools in Hyderabad
IIM Admission Criteria 2014-16
IIM Ahmedabad Admission criteria 2014-16
IIM Bangalore Admission Criteria 2014-16
IIM Calcutta Admission Criteria 2014-16
IIM Lucknow Admission Criteria 2014-16
IIM Kozhikode Admission Criteria 2014-16
IIM Indore Admission Criteria 2014 - 16
IIM Shillong Admission Criteria 2014-16
Six New IIMs
IIM Tiruchirappalli Admission Criteria 2014-16
IIM Ranchi Admission Criteria 2014
IIM Rohtak Admission Criteria 2014
IIM Kashipur Admission Criteria 2014-16
IIM Raipur Admission Criteria 2014-16
IM Udaipur Admission Criteria 2014-16
Click below to score high marks in GD PI WAT process of B schools for Admission 2014-02-04 http://www.mbauniverse.com/gd_pi_preparation/gd_preparation.php
For any doubts and queries related to the exam pattern, preparations and other related queries about MBA entrance exams like XAT,IIFT, NMAT, SNAP, CMAT, IBSAT, MICAT and MBA Admission 2014, click here http://www.mbauniverse.com/mbau_faq/client.php
Stay tuned to MBAUniverse.com for more solved WAT topics for MBA Admission 2014