Archive for January, 2018

Fake News is REAL. Read this …

17/01/2018

I saw a patently Fake News in one of my Whatsapp groups. Unfortunately for the idiot who posted it – a sickular variety – I trade on the stock markets and follow the economic news closely. Here’s the exchange – 

Sickular’s Post:
Systematic Increase in petrol_price for your knowledge

2017
01 December ₹ 67.71
02 December ₹ 67.78
03 December ₹ 68.02
04 December ₹ 68.34
05 December ₹ 68.64
06 December ₹ 68.88
07 December ₹ 69.03
08 December ₹ 69.13
09 December ₹ 69.20
10 December ₹ 69.35
11 December ₹ 69.68
12 December ₹ 69.92
13 December ₹ 70.19
14 December ₹ 70.40
15 December ₹ 70.53
16 December ₹ 70.59
17 December ₹ 70.70
18 December ₹ 70.76
19 December ₹ 70.83
20 December ₹ 70.85
21 December ₹ 71.01
22 December ₹ 71.15
23 December ₹ 71.22
24 December ₹ 71.37
25 December ₹ 71.51
26 December ₹ 71.52
27 December ₹ 71.56
28 December ₹ 71.60
29 December ₹ 71.62
30 December ₹ 71.62
31 December ₹ 71.66
2018
01 January ₹ 71.78
02 January ₹ 71.95
03 January ₹ 72.20
04 January ₹ 72.34
05 January ₹ 72.44
06 January ₹ 72.58
07 January ₹ 72.73
08 January ₹ 73.01
09 January ₹ 73.34
10 January ₹ 73.44
11 January ₹ 73.48
12 January ₹ 73.54
13 January ₹ 73.74
14 January ₹ 73.88
15 January ₹ 74.20

Sickular: “Good technique to increase petrol price. No one is knowing that petrol prices are increasing every single day. What an idea Modi ji.
Please share it with the maximum number of people & on all social media so that this message becomes an eye opener for the public.”

I decided to follow his advice. Hence this blog.

The petrol price rise (above, according to the sickular post)  in India was from INR 67.71 to INR 74.20 – a rise of 8.7%

Now, here are the facts:

The price of Crude has been consistently been rising every day for over one whole year. This is the chart. See for yourself.

Crude Oil Prices Globally

Since July 2017, crude oil prices have risen from $43 to $71 today. That’s a rise of 65% in six months! And From $61 in Dec ’17 to $71 in Jan ’18 which is = 14% – double that of the rise of petrol prices in India.

Now see the price chart of the ONGC – India’s biggest oil producer:

Screenshot 2018-01-17 19.44.28.png

This clearly shows that Modi’s GOI has NOT allowed ONGC to increase its prices in line with the Global Price of Crude Oil, thereby absorbing some of the global shocks and protecting the common man in India.

It has become a fashion to bash Modi for anything and everything, fake or real! The “Minority” syndrome is fighting its last breath. Sooner the “Minority” recognises the reality of looting, lawlessness and free-for-all for the 65+ Years preceding 2014, the better it’ll be for them. Those days have gone. Forever.

Spreading Fake News will only “keep the flock together” and damage any progress for the sheep. It’s time to deal with reality. Spewing hatred will never win!

@jsvasan

 

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