Group items tagged

The Australia federal government announced plans to increase the tax on fuel despite not having parliamentary approval for the measure. Due to the rise of tax on fuel, the price of fuel tends to increase next month. The Minister claims that the effect on petrol prices would be "modest". But the impact on our capacity to build a stronger more prosperous economy will be significant. The measure is expected to expected to raise the government $2.2 billion over four years and $19 billion over the next decade.

Because India has freed the prices of diesel discovered in their country from the governments control, it opens a new market of investment. By doing this, India's economy will be revamped. This means that as the price of diesel fluctuates, the economy will also change.

This article is about the Government's intervention on diesel prices in India.Now Government doesn't control prices.Their aim is to encourage investment and revamp its economy.

Gov. Jerry Brown signed legislation on Tuesday overhauling the state's management of its groundwater supply, bringing it in line with other states that have long regulated their wells. This is really important because california has large agriculture based businesses (central valley). In fact, the oppositions to the legislature were people in the agriculture business. This potentially allows water companies and regulators to intervene if water use is excessive or improper. This is an article directly discussing scarcity of water and natural resources and how the government regulates these resources. This passing of this legislature could also have some opportunity cost along with it; less water=maybe more expensive food, less food, more chance of dying crops (?)

The holy river of Ganga that flows through new Delhi, capital of India, supports the lives of people living in about 118 towns. Over time this river has become highly polluted; some factors to blame for this would be modernization and ignorance. During the summer of 2014 a new Prime Minister was elected who has set up a project to clean this water body. The opportunity cost in saving this water body is time and financial resources. Roughly, it is said that the government plans of completing this project over 18 years while using millions of INR. The government is giving up these valuable resources to achieve something that is of high importance.

This article is about a legislative act of American government upon carbon emissions of firms- which is a government intervention towards a negative externality of production.

This article discusses how the Indian Government is clamping down on tobacco consumption by imposing higher taxes on cigarettes, chewing tobacco products, and unmanufactured tobacco. The increase in excise duty in the range of 11-72% for different types of cigarettes is the steepest in a decade. With this move, government taxes are projected to account for around 70% of the retail price of some cigarette types.

This article discusses whether the UPA government is contemplating a return to price controls.The government has apparently decreed that Rs 190 per bag is a fair price, beyond which a higher excise duty and other unspecified consequences will kick in.

This article talks about high demands for water and dwindling supply. This is forcing government/companies to raise water prices so it would restrict usage of it. Like California where drought is causing high prices and low usage of water. Water has pretty neutral elasticity so government and businesses can make decisions capitalizing on its elasticity.

In order to meet the demands of electricity in Nepal as well as export electricity to power-hungry India, the Nepal government agreed allow GMR to construct the 900-megawatt Upper Karnali hydroelectric power plant in the northwest. The project set for completion in 2021, which will provide 12 per cent energy free to Nepal to ease a crippling power shortage and help its economy emerge. An agreement was signed to construct transmission lines across the border to transmit the remaining electricity to India, which can help reducing the extreme scarcity of electricity in India. I agree with the project because this can decrease the scarcity level in both Nepal and India.

Between 2000 and 2013, governments increased cigarette excise taxes more than 120 times. Companies like Altria oppose tobacco excise tax increases because it create motivations for counterfeit cigarette business. This article analyzes the rationale behind arguments about cigarettes and try to get a sense of the impact of excise taxes on cigarettes in Massachusetts.

The Hungarian government recently approved taxes on a wide variety of goods including soap, advertising, foreign firms, unhealthy food, and more, and other taxes including Internet usage and tobacco are in the works. Prime Minister Viktor Orban imposed these taxes to help reduce Hungary's deficit, but he has been warned that they could impede growth and investment, as taxes shrink the market.

The government of Brazil decided to place an excise tax on imported cars in order to help its local industry of motor vehicles. This increase in price is done to discourage foreign purchases and encourage local purchases.

This article deals with the looming problem of increasing taxes in the US. When the government increases the taxes on goods, it makes purchasing goods very difficult for people with average incomes.

this article talks about a recent food problem in Lebanon. where restaraunts have served food with fecal matter and decaying anmimals in it. and as a result some stores are raising the prices of there meat because pwople will pay more for the good meat. But the government is putting a price ceiling on meat. so companies cant take advantage of this.

NEW DELHI: The country's premier oncology treatment institute Tata Memorial Centre has recommended inclusion of 12 key cancer drugs in the national list of essential medicines (NLEM), prices of which are regulated by the government, an official source said.

In this article its talking about how differnt companies and governments are destroying our water sources and our fish supply. As people are ordering others to go build things in veries water sources around the world. which is slowly and at times quickly destroying them, which has led to a problem with our ability to gain resources from water sources. at that will only become even worse of a problem as time goes on.

This article talks about including 12 new drugs on the list of those under price control. What's unique about these drugs is that they are commonly used by people undergoing cancer treatment. By setting a price ceiling for these drugs, the government hope to make them more accessible to wider range of people and hopefully save more lives.

here is an article about how the government in malta is puttiing excise tax on petrol. because peytrol and disel were becoming too expensive, and they needed a price reduce. but some people are arguing that it still isnt low enought.

"But many economists call it a classic case of a government causing a problem rather than solving it. Prices are set so low, they say, that companies and producers cannot make a profit. So farmers grow less food, manufacturers cut back production and retailers stock less inventory." In Venezuela, poorly executed price ceilings are causing massive shortages of many necessities. Although prices are cheap, it is extremely difficult to find necessities like bread or toilet paper.

Interesting article. Talks about how if one would put a price on carbon or a tax on carbon emissions we would essentially cut down or discourage pollution.

This is indeed an interesting article, climate change is definitely changing our lives and governments are trying to control the impact of climate change through carbon taxation.