I THINK ONE SYSTEM IS RESPONSIBLE FOR CAUSING INFLATION THAT IS CORRUPTION,UNTIL IS REMOVED OFF COMPLETLY THERE COULD NOT EXIT EVEN ECONOMY IN A RESULT ODD ECONOMY EXITS AND MAKES INFLUANCE ON THE INFLATION
What is not taught in the books but it is a fact that one of the most important factor for high inflation is the corruption and black money. Do we realise that the money we pay as bribe to others competes with our hard earned money. When somebody has to spent black money or money earned through illegal sources, he/she doesn’t mind paying higher prices thus adding to inflation.
This kind of money is widely used - Buying properties - Paying dowry - Paying donation for admission in school/colleges - Purchasing flight/train/movie tickets in black - Buying other goods and services
The list is endless.
We think that by paying bribe we are getting special favour but we are forgetting the person who took Bribe from us will indirectly compete with us everywhere in life with our own money.
Re: Believe it or not
by jagdishpalmishra on Feb 23, 2011 10:35 AM
shbas.EXCRLLENT THOUGHT. Take apledge and proceed in life. eklachalo ekla chalo J P MISHRA
in Mumbai we had cases of Onion theft. What sort of Economist PM ? what is the use of such "Arthshashtr" it is "Unarthashashtra" if poor people have to steal Onion .
1. Price of a single cup of coffee Rs 100 2. Price of lunch out Rs 3000 3. Price of a doctor's appointment Rs 10,000 4. Price of a one room house Rs 1.2 crore 5. Price of studying in college Rs 2 crore
In India prices are 20 times lower, Price of a single cup of coffee Rs 5, what inflation , what inflation ???? got the analogy
Re: AND
by S Shrikanth on Feb 21, 2011 11:14 AM
Dear Chalta hai,
1. Price of a single cup of coffee Rs 100 - Make it at home , it will cost Rs 2 only. 2. Price of lunch out Rs 3000 - You can have very nice buffet lunch for $7-8 (rS 300-350)at any Indian restaurant in US. 3. Price of a doctor's appointment Rs 10,000 (Take Insurance, it may cost you Rs 500/visit) 4. Price of a one room house Rs 1.2 crore (Don't know where you are destined to) 5. Price of studying in college Rs 2 crore (most of Indiann students get scholarships/self earnings and self sponsor the courses)
Re: Re: Re: AND
by Rahul Shetty on Feb 21, 2011 01:48 PM
Besides, food is relatively expensive in USA only if you choose to dine in a restaurant...Else food is comparatively much cheaper in USA...Just a small example a Mc Donalds Burger Coke out there would cost you $2 or $3 max...which is equivalent to how much we pay in India itself..
