Friday, January 07, 2022

Better to submit. At least no headache.

"Protesters in Kazakhstan's largest city stormed the presidential residence and the mayor's office on Wednesday and set both buildings on fire, according to new reports, as demonstrations sparked by a rise in fuel prices in the Central Asian nation escalated sharply," Fox. "The government resigned in response to the unrest and the president vowed to take harsh measures to quell it." "A sudden spike in the price of car fuel at the start of the year triggered the first protests in a remote oil town in the west," ET. Kazakhstan "spans a territory the size of Western Europe and sits atop colossal reserves of oil, natural gas, uranium and precious metals. But while Kazakhstan's natural riches have helped it cultivate a solid middle class, as well as a substantial cohort of ultrarich tycoons, financial hardship is widespread. The average monthly salary is just under $600." Indians are very bovine and do not protest. "The Center earned nearly Rs 8.02 lakh crore (Rs 8.02 trillion) from taxes on petrol and diesel during the last three fiscal years, of which Rs 3.71 lakh crore was collected in FY21 alone, Finance Minister Nirmala Sitharaman informed parliament," ET. In November, "The total incidence of taxes on petrol has come down to 50 percent and that on diesel to 40 percent following a reduction in excise duty by the central government, and by a slightly higher proportion in states that have also cut local sales tax or VAT on the fuel," BT. Taxes higher than 50%, but no protest. "The retail selling price of domestic (cooking) gas was Rs 410.5 per 14.2 kg cylinder on March 2014," Mint. Today the price for a same cylinder of cooking gas costs Rs 899.50 in Delhi and Rs 926 in Kolkata, more than double, goodreturns. No protest. "Prior to the pandemic, it was anticipated that 99 million people in India would belong in the global middle class in 2020. A year into the pandemic, this number is estimated to be 66 million, cut by a third," a report by the Pew Research Center. Totally insignificant in a population of 1,400 million, worldometer. The number of poor is estimated to have reached 134 million from 59 million. The poor "live on $2 or less daily, low income on $2.01-$10, middle income on $10.01-$20, upper middle income on $20.01-$50" per day, wrote Udit Misra. Thus, at $600 per month the average monthly income in Kazakhstan is comfortably middle income in India. But there are violent protests there and not a peep in India. "Draconian though China's one-child policy was, those born under it received unprecedented attention from their families: Average education levels rose sharply, as did the quality of their nutrition," wrote Mihir Sharma. In India, on the other hand, child undernourishment has increased in most parts of India since 2015-16, education system is failing and unemployment among college graduates is at 19.3%, almost 3 times the national average. No protest. One official was heard to order police in Haryana to "break heads" of farmers who dared to protest, TOI. Instead of protesting, "Death by suicide increased 30% nationwide among small business owners in 2020, TOI. End it all. Less painful than a broken head. B   

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