## Wednesday, December 31, 2008

### Seize the moment

P. S. Subramanyam had an opportunity where the true NAV of US-64 was above the administered buying/selling prices of UTI. At this point, he could have easily transitioned into NAV-based pricing. He blew this opportunity, and we all know what happened after that.

Writing in Business Standard, A. K. Bhattacharya says that India should seize the moment, where petroleum product prices are actually below the administered prices, and shift to market pricing.

Please note: LaTeX mathematics works. This means that if you want to say $10 you have to say \$10.