New Delhi: Even the rupee slide continues, the power tariff is set to go sky high. It has been learnt the power sector is mulling hiking the rates, what with a bulk of the coal used in the sector being imported, chiefly from Australia. With the Indian rupee in a free-fall, prices of coal have already gone up. Even as the rupee hovers between 63 and 65, economists see it sliding below 75 against the American dollar, while it might touch Rs 140 against the UK’s pound.
Against this backdrop, it would be only natural that an increase in petrol and diesel prices will make a further dent in people’s pockets. An economist PM, Manmohan Singh has been unable to halt the rupee slide and spiraling prices. One of the most affected sectors has been education, with the students going abroad feeling the pinch -- the number of Indians going to the US for higher studies has come down from 64,000 every year to only 32,000.
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