It is more of a political article rather being an informative one.....what the hell public has to do with who the finance minister is if the actual concern of the article was inflation.Rediff it would be higly appreciable if you comment something on what is making this variation in inflation rather putting on light on whose government was there in which year.
Re: Comments
by kinjal shah on Oct 14, 2008 09:49 AM Permalink
the heading of the article creates expectation that reader will get some bullet points and concreate reasons for fear. article has too nuch of data which is not required
you talk as if an inflation of 4-6% is LOW!!! It isn't. It means that prices have INCREASED that much on an average.
Thus, if the inflation declines from 13% to 10%, it does not mean that prices have declined. It means prices have INCREASED by 10% OVER AND ABOVE THE PREVIOUS INCREASE of 13%. it basically means that if you pay 100 for something now, you will pay 113 for it the next year and 124.3 the next year. Thus, 13% REDUCED to 10% inflation means an increase of 24% over 2 years.
RE:Hmm..
by Kaushik Das on Apr 09, 2008 05:05 PM Permalink
and this does not take into consideration the cascading effect that inflation has on prices. If food prices increase 10%, the working class has its task cut out. So, they increase their charges. Everything dependent on that icreases still.
present inflation is more of a supply side problem rather than monetary controls, FM should not think of further interest rate hike, foreign inflow control, rupee appreciation since this will kill manufecturing, exports and construction growth and take away employment from many rather try followings:- - introduce support price for all foodgrain, vegetable, fruits and milk. - ensure that retail price and support price differential is minimum - introduce GM seeds in all states with Govt subsidy improve yield. - ensure that BDO and SDO in country are continiously monitoring hoarding and effective distribution of PDS. - Set up cold storage and warehouse with private-public participation.
above steps may not bring votes but will give a long term solution to inflation.
RE:few suggestions to finance minister and central Govt
by krishnan venkataraman on Apr 09, 2008 03:35 PM Permalink
let the ministers, their families their chamchas reduce the fleet of cars and lavish expenditure before advising common man. god should annihilate all politicians.
RE:few suggestions to finance minister and central Govt
by mahabodhi on Apr 26, 2008 09:49 PM Permalink
@krishnan GOD HELP THOSE WHO HELP THEMSEF! The saying, "God helps those who help themselves," came to us by way of Benjamin Franklin (1736). Franklin himself was a deist and so he believed that God did not play an active role in men's lives. In his point of view if man was not able to help himself, then man was hopeless. THE FRENCH REVOULTION was by the public of France who killed Queen and the King to usher socilism in France!Even the Americans kicked the British and Queen out of the America by force and American workers even gave their blood for their rights !And still today we have Labour Day in the Memoruy of thise American workers!The Russians throw out the Monarchy and ushered in Socilism!But Nepelese hav eproved that Proletraian rule and Marxism is not the prerogative of the West only and the underdevloped Subcontinent public is also ready and marching to Marxism /Socilism and PROLETRIAN Rule !But as Frnklin said 'god help those who help themselves!"
RE:RE:few suggestions to finance minister and central Govt
by mahabodhi on Apr 26, 2008 09:56 PM Permalink
Labour Day is an annual holiday celebrated all over the world that resulted from efforts of the labour union movement, to celebrate the economic and social achievements of workers.
Labour Day Parade in Toronto in the early 1900sThe celebration of Labour Day has its origins in the eight hour day movement, which advocated eight hours for work, eight hours for recreation, and eight hours for rest. On 21 April 1856 Stonemasons and building workers on building sites around Melbourne, Australia, stopped work and marched from the University of Melbourne to Parliament House to achieve an eight hour day. Their direct action protest was a success, and they are noted as the first organized workers in the world to achieve an eight hour day with no loss of pay, which subsequently inspired the celebration of Labour Day and May Day.
In New Zealand, groups of workers had achieved the 8 hour working day since the beginning of organised British settlement in 1840.[1]
If all corrupt politician are indeed annihilted as desired by Shri krishanan then we all common public must unite and throw the corrpt politicans out!If the devloped West public had done that then why we poor Indians couldnot want that and do also!Jai hind!
by G P Sahu on Apr 09, 2008 03:07 PM Main cause of inflation this time is Rising Food price all over the world and cost of Oil. Both of these prices which are not our FM's controll were low during NDA's regime. (Dont forget NDA govt. passed on all increase in Petro Price to consumer, if they were at power now, petrol would have cost 120 Rs. a liter). any way, main reason of food price increase all over the world is - 1. chnage in our food habit, which is related to increase in life style. 2. conversion of corn, soya to biofuel. 3. continuous drought at Australia, who supplies a huge percentage of corn, wheat (gloabal warming could be one the reason for the drought) 4. Petrolium price has increased input cost of agriculture (irrigation, tractor, transport all require petrolium products). 5. In India neglect of agriculture for last 60 yrs. For last 10 yrs, we reduced our stock , with an idea that we can import it any time required. But it's no longer possible now given the very high international price. 6. All rice producing countries have stopped export to keep their citizen happy (price of rice is sky rocketing in those countries). In fact United nation is predicting global unrest over shortage and high price of food items. 7. In india, we are switching over from agriculture to Industry. Just calculate how much of farm land has been conveted in to SEZ. 8. Higher cost, requires more compensation for the worker, that pushes price for other commodities, Its a vicious c
for a salaried one inflation of 5% wont affect much as his yearly rise will be around 5 to 10%. refer 6th pay commission. The problem is that the producer never gets his share in this inflation. Any ways that his income also gets increased.
Govt. Should take following steps to check inflation a. Charge 5% TDS on all Property transaction above Rs.30 Lacs. b. Start Tax Incentive for setting up Agriculture farm and Dairy activity. c. Start giving Depriciation benifit for cow's and buffellos so that more and more people get in to Milk and dairy business. Also introduce the Depriciation transfer scheme for such activity. d. Stop all tax benifits to software and real estate business.
All this method will inspire common man of this country to venture in to agriculture and dairy business which will automatically control inflation.
RE:RE:Steps to reduce inflation
by Balasubramaniam R on Apr 09, 2008 03:17 PM Permalink
Best way reduce inflation is to consume less. If we consume less it will bring down demand and eventually the prices but this can lead to recession another economic evil. This cycle of economy will go on.
RE:Steps to reduce inflation
by krishnan venkataraman on Apr 09, 2008 03:39 PM Permalink
best way to reduce inflation is to give cheap booze to all by the Govt. Everybody will be drunk and nobody will bother.
RE:Steps to reduce inflation
by nvee on Apr 09, 2008 02:54 PM Permalink
U missed one..stop taking bribes and improve PDS..and all those good governance points which are fundamental for an economy like ours! pls correct ur tunnel vision..u must be a babu!
RE:Steps to reduce inflation
by pranab parajuli on Apr 09, 2008 02:43 PM Permalink
i tried replying to your message, but i am speechless to comment on this .... this is so ridiculous.
RE:Steps to reduce inflation
by Priyadarshan on Apr 09, 2008 02:50 PM Permalink
I agree with your point 'C' which is really appreciable since all states in india facing acute shortage of milk and diary products giving depreciation benefits will attract more and more peoples in to this trade and whole country will be self sufficient in milk and diary products. This is really a noval idea.
RE:Steps to reduce inflation
by neeti mehta on Apr 09, 2008 03:43 PM Permalink
Even i would like to Thank GOD that you are not FM..if reality talks are ridiculous for you,,one day your life will also be in trouble.Mr.Mehta is aware of all details and that is why he wrote with confidence..you are speechless,coz you must be only aware of your coding languages and not the ecnomical trends and figures..
RE:Steps to reduce inflation
by G P Sahu on Apr 09, 2008 03:07 PM Permalink
Main cause of inflation this time is Rising Food price all over the world and cost of Oil. Both of these prices which are not our FM's controll were low during NDA's regime. (Dont forget NDA govt. passed on all increase in Petro Price to consumer, if they were at power now, petrol would have cost 120 Rs. a liter). any way, main reason of food price increase all over the world is - 1. chnage in our food habit, which is related to increase in life style. 2. conversion of corn, soya to biofuel. 3. continuous drought at Australia, who supplies a huge percentage of corn, wheat (gloabal warming could be one the reason for the drought) 4. Petrolium price has increased input cost of agriculture (irrigation, tractor, transport all require petrolium products). 5. In India neglect of agriculture for last 60 yrs. For last 10 yrs, we reduced our stock , with an idea that we can import it any time required. But it's no longer possible now given the very high international price. 6. All rice producing countries have stopped export to keep their citizen happy (price of rice is sky rocketing in those countries). In fact United nation is predicting global unrest over shortage and high price of food items. 7. In india, we are switching over from agriculture to Industry. Just calculate how much of farm land has been conveted in to SEZ. 8. Higher cost, requires more compensation for the worker, that pushes price for other commodities, Its a vicious cycle. So whats the way out. Pray to g
RE:RE:RE:Steps to reduce inflation
by Blazer on Apr 10, 2008 01:36 AM Permalink
reduce the no of vehicles in India your Inflation comes down every Village has ample transportation vehicles running on Diesel and Petrol.The Old Politicians were corrupted but their plans were long term current politicians are corrupted and planning very very short term, Make money and live happy is their motto.
Instead of cribing about inflation, i would like to multiply and increase my income and wealth. Actually, for me the increase in prices, etc. is peanuts. I am not concerned about price rises because, I give more importance to adding and increasing my wealth in the kitty. If inflation is 7% i will see to it that my income increase to 700%. The more the inflation the more income and wealth i am going to add in my kitty. READERS PRAY FOR ME THAT I BECOME THE RICHEST MAN IN THE UNIVERSE.
RE:Increase the income
by Hari Iyer on Apr 09, 2008 02:49 PM Permalink
read a bit MR, inflation is caused by the increase in spending power(income) not the other way round.. so dont u worry that you will be left with enough to increase your so called 'kitty'.. get a life clown!!
RE:Increase the income
by Rich Man on Apr 09, 2008 02:55 PM Permalink
Hari the way u replied shows that u the most idoitic guy i have come across. Read my message properly and for your information I can have 1000 people like u licking my a*s & working for me at any point of time.
RE:Increase the income
by Balasubramaniam R on Apr 09, 2008 03:20 PM Permalink
Hey Mr Rich remember u are not this world. How do you make money if others cannot buy your produce at the cost u sell. You will not onle not be able to make 700% you will be lucky if u are able to keep afloat at 7% return.
RE:Increase the income
by Shriram on Apr 09, 2008 02:40 PM Permalink
oh what rubbish get lost bhikari singh one who craves for wealth is the most big begger you are one of them
RE:RE:Increase the income
by Shriram on Apr 09, 2008 02:41 PM Permalink
oh what rubbish get lost bhikari singh one who craves for wealth is the most big begger you are one of them
RE:RE:RE:Increase the income
by Shriram on Apr 09, 2008 02:42 PM Permalink
oh what rubbish get lost bhikari singh one who craves for wealth is the most big begger you are one of them
RE:Increase the income
by pranab parajuli on Apr 09, 2008 02:54 PM Permalink
This is a good approach. But i believe ppl here discussing this issue are not as resourceful as you are.
So why do you want to be the odd one out by participating.
