Letter # 97 | 6 September 2022
G7 plans to cap Russian oil price sound good in theory; practically, there are difficult to implement. The intention may be noble, but it may end up increasing inflation in Euro bloc (vs. intended reduction).
In India too, we have paved such roads. Fertiliser subsidy bill will top INR2.5 trillion this year. In today’s ET article, we look at the history of fertiliser subsidy and the resultant problems. There are a few investment learnings as well; read here: https://tinyurl.com/3ccw84ne
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