Argentines take to streets to protest utility rate hikes
BUENOS AIRES (Reuters) - Thousands of Argentines took to the streets night to protest a sharp spike in gas and electricity rates imposed by the government, as President Mauricio Macri continued to cut subsidies that had ballooned under his predecessor.
Since taking office in December 2015, Macri has gradually unwound the subsidies in a bid to reduce the budget deficit. But that has fuelled inflation, making consumer price rises harder to contain than initially expected.
Both opposition lawmakers and allies argued this week that small businesses and residential users would be unable to keep up with spiralling utility prices.
Protesters holding candles — a show of solidarity with those who may no longer be able to afford to light their homes with electricity — approached the country’s Congress in Buenos Aires after dark, calling for price increases to be over-turned.
“Enough with the rate hikes!” read a banner carried by a protestor.
Shares in Argentine utilities tumbled earlier today as political opposition to cuts in subsidies for gas and electricity consumption mounted, but the stocks pared losses after a lawmaker clarified future pricing policies.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
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