The Govt is trying to control the inflation by stiffining the interest rates. But the inflation out of corruption at all the stages goes unchecked.We speak of corruption at very places which may some times turn out to be productive but the corruption at medium and lower places is leading to severe inflation.The hectic consumerism is inhibiting corruption and inturn inflation.Over paying and hbitual accumlation of wealth by ill means is damaging the society. Overinformation is baising the mode of spending.The government spending on welfare schemes without any strict vigilance at micro levels is ultimately leading to this nuisance. The various agencies operating in the welfare schemes are making hell lots of money because of the attitude of the governments for popularism. Such things out of the compulsions of the competitive democracy to retain power and knowingly forgoing the longterm consequence of such programmes are really hurtening.All parties are interested in very short results of enjoying the power but not in laying a direction to the country. The means adopted by all parties are very short sighted but at length are disastrous. Instead the government is crimping the flow which has a legtimate base. The loose money has to be controlled strictly rather than taking such measures which are hurdling the real growth.Some times the programmes which are being adopted now as a raisers of the society bench marks were considered as hapless in Nehruvian period.
Re: comments on inflation
by howfunnie on Jan 25, 2011 02:18 PM
there are two tools to control inflation. monetory policy and govt regulations. we see RBI only active and worried about inflation. is govt not willing to address the supply issue and hiccups in supply chains(read pawar sponsored hoarders).
The Govt is trying to control the inflation by stiffining the interest rates. But the inflation out of corruption at all the stages goes unchecked.We speak of corruption at very places which may some times turn out to be productive but the corruption at medium and lower places is leading to severe inflation.The hectic consumerism is inhibiting corruption and inturn inflation.Over paying and hbitual accumlation of wealth by ill means is damaging the society. Overinformation is baising the mode of spending.The government spending on welfare schemes without any strict vigilance at micro levels is ultimately leading to this nuisance. The various agencies operating in the welfare schemes are making hell lots of money because of the attitude of the governments for popularism. Such things out of the compulsions of the competitive democracy to retain power and knowingly forgoing the longterm consequence of such programmes are really hurtening.All parties are interested in very short results of enjoying the power but not in laying a direction to the country. The means adopted by all parties are very short sighted but at length are disastrous. Instead the government is crimping the flow which has a legtimate base. The loose money has to be controlled strictly rather than taking such measures which are hurdling the real growth.Some times the programmes which are being adopted now as a raisers of the society bench marks were considered as hapless in Nehruvian period.
you guys want to invest in real estate or buy flats or plots so that it will get you 5 times return in a year or two. but cry when food price doubles in the 5 years span.
What a logic.
where as poor fellow farmers after selling their land to the politician backed goons sitting idle and eats Rs 1 /kg rise rural employment for pocket money.
Don't worry majority fertile lands were grabbed for real estate business.
Sad... , my salary has gone up by just 2 %, but Rates have been hiked by nearly 3 % overall. Is this how we handle inflation ? i may not have been to any fancy B School but i can easily say that you don't get rid of poverty by raising prices.
Re: Rate hike : Every 2 months : Salary Hike : Once a year ?
by sanjeev verma on Jan 25, 2011 01:46 PM
having inflation without salary rise means you are getting poorer day by day.
For PM or RBI or any economist, inflation, be it food or overall, may be just a number reduced or increased from X% to Y%, but the fact it, positive inflation means things are getting costlier day by day.
Re: Rate hike : Every 2 months : Salary Hike : Once a year ?
by Ajay krishnan on Jan 25, 2011 02:20 PM
I completely agree with you. All they want is to maintain the vote bank.. the 'middle class'.. and their fav. slogan "Garibi Hatao" .... moreover the MPs and MLAs are no more a "common man" they are millionaires... they don't know the common man's issues [i think because of 'amnesia'].. and the 'house' works exactly like a corporate....
Re: This will impact me ........
by Shanthakumar HP on Jan 25, 2011 01:42 PM
& do you think life there is a cakewalk? never buddy, we are very happy here, at our home.
Re: Re: This will impact me ........
by Shamkant Patankar on Jan 26, 2011 11:14 AM
When Saddam Hussain attacked Kuwait people working in Kuwait who had talked about leaving threw away everything and ran for their lives in transpotation provided by indian government.
Mr. Rao should resign and attend a course how to know common sense... also he should read Railway Minister Mamata Banerjee's approach towards common man...
ok.. then why dont you increase into 10% and inflation comes to zero level???
Food price rice due to fuel price increase and hoarding by Shard Pawars men....
