Close on the heels of the milk and vegetable prices shooting up in the national capital and adjoining areas, a diesel price hike seems to be looming on the horizon... Chief Economic Advisor Kaushik Basu says that India will see "some important" reforms in the next six months, which includes a partial decontrol of diesel prices. Explaining what he meant by partial diesel decontrol, Kaushik Basu, Chief economic advisor said that India should have a small subsidy that is fixed per liter. This will partially shelter the consumer but will allow the rise and fall of global price to be mirrored in India.

For more log onto- http://alpha.newsx.com