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Singh's worry about budget
September, 17th 2011

Teatime on Friday at businessman Harkrishan Dayal Singh's house in New Model Town witnessed a lot of animated discussion about the government's recent announcement of increase in price of petrol and repo (short-term lending) rate.

While some fretted about the never-ending EMIs, others were worried about how they will manage the household budget. The family unanimously criticized the move.

Harkrishan's wife Manpreet Kaur, 52, a homemaker said they will put on hold their plans to buy a new car since rate of auto loan has also been increased. She is also concerned about what will happen if government cuts subsidy on LPG cylinders.

"The expenses in our house will go up drastically,'' she added. Her son Gurpreet Singh, 31 and wife Navneet Kaur, 27 minced no words while expressing displeasure for the government's decision. "If the government cannot control inflation why does it spend so much on striking deals with other countries?'' said Gurpreet.

Navneet said they are fed up of cutting down on expenses.The couple said they are worried about the future of their 7-year-old son and 3-and-half-year-old daughter.

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