Govt. can control rupee depreciation by not increasing Forex reserves. But Govt. can't encourage consumption of imported items like oil. But if we can produce energy from our abundant Thorium assets they oil price will start reducing. Crude price started reducing in 2008 after our nuclear deal is proof for that.
Big oil companies may earn money by smuggling oil. But percentage of oil smuggled is very less compared to other goods. So Govt. should reduce tax of goods that can easily be smuggled to our country and help people who do business with transparency.
Many people in our country hate oil companies making profit. But I don't know why they don't hate oil companies in Gulf making huge profit due to our increase in oil consumption. It is a fact that due to our limited oil reserves we won't be able to produce oil we consume. So Govt. should encourage family planning to reduce our dependency on world market. Govt. should also take steps to bring back black money from abroad.
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