
Hike in petroleum prices a cruel joke with common man: Mulayam
Terming the hike in prices of petroleum products as a "cruel joke" with common people, Samajwadi Party supremo Mulayam Singh Yadav, on Saturday, demanded an immediate withdrawal of the decision.
"The Centre has failed to check prise rise and yesterday's decision to hike prices of petroleum products is a cruel joke with the common and poor people of the country. It should be rolled back immediately," Yadav said in a statement.
Alleging that crores of people in the country were being forced to sleep without food, the SP leader said, "But this government (Centre) is not concerned about the common people, while crores of rupees are being spent over the Commonwealth Games," he alleged.
Yadav said while farmers were not getting Minimum Support Price for their produce, the Union government was not concerned about these burning issues. "To protect the interest of a handful of people, the Centre has turned a blind eye to crores of people and this is evident from the hike in petroleum prices which will add to the wealth of around two dozen industrial houses," he said.

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The MSME (Ministry of Micro Small and Medium Enterprises) sector accounts for about 20% of the country's GDP. It is also the largest employment provider in the country. Most MSMEs are exempted from maintaining detailed audit records. But after demonetisation, that might change. In the last Union Budget, the government raised tax exemptions for small business units with a turnover of up to ₹2 crore from the earlier ₹1 crore. However, PM Narendra Modi has assured these MSMEs that there will be no harassment caused to them on the basis of their previous balance sheets.
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