{"id":350,"date":"2014-10-21T11:09:27","date_gmt":"2014-10-21T11:09:27","guid":{"rendered":"http:\/\/olduvai.ca\/?p=350"},"modified":"2014-10-21T11:09:27","modified_gmt":"2014-10-21T11:09:27","slug":"modis-gas-gambit-faces-hurdle-of-coddled-indian-consumer-bloomberg","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=350","title":{"rendered":"Modi\u2019s Gas Gambit Faces Hurdle of Coddled Indian Consumer &#8211; Bloomberg"},"content":{"rendered":"<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-10-20\/modi-s-gas-gambit-faces-hurdle-of-coddled-indian-consumer.html\">Modi\u2019s Gas Gambit Faces Hurdle of Coddled Indian Consumer &#8211; Bloomberg<\/a>.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">India\u2019s first increase in natural gas prices since 2010 to reverse sliding production leaves a key weakness unresolved: consumers who don\u2019t pay enough for power.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">Prime Minister\u00a0<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/narendra-modi\/\">Narendra Modi<\/a>\u00a0raised the gas tariff by about a third on Oct. 18, part of his biggest energy policy changes since taking office in May. Indebted utilities face the higher charge even as they\u2019re required to sell electricity below cost, raising the risk they\u2019ll favor less expensive sources of power.<\/p>\n<p style=\"box-sizing: border-box; margin-top: 0px; margin-bottom: 28px; font-size: 1.1em; line-height: 1.3125em;\">\u201cIn the end, you need to charge users for their consumption &#8212; that\u2019s the bottom line,\u201d said Rajiv Biswas, chief Asia economist at IHS Global Insight in<a style=\"box-sizing: border-box; cursor: pointer; color: #003399; text-decoration: none; outline-style: none; outline-width: initial; outline-color: initial; font-family: akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif; font-style: normal; font-weight: bold;\" href=\"http:\/\/topics.bloomberg.com\/singapore\/\">Singapore<\/a>. Still, the gas revision is a \u201cgood\u201d start to boost output, he said.<\/p>\n<div>&#8230;click on the above link to read the rest of the article&#8230;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Modi\u2019s Gas Gambit Faces Hurdle of Coddled Indian Consumer &#8211; Bloomberg. India\u2019s first increase in natural gas prices since 2010 to reverse sliding production leaves a key weakness unresolved: consumers who don\u2019t pay enough for power. Prime Minister\u00a0Narendra Modi\u00a0raised the gas tariff by about a third on Oct. 18, part of his biggest energy policy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3],"tags":[162,263,339,422],"class_list":["post-350","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","tag-consumption","tag-energy","tag-fuel","tag-india"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=350"}],"version-history":[{"count":0,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/350\/revisions"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}