what a question?a guy who is studing in 5 th standard can give this question's answer very easily..........policy makers of indian govt.are not says anything very clearly....when the water goes above our head than'll they wake up......still so much confusion......p. chitambaram,sharad pawar,kamalnath..they all speak little different...VERY SIMPLE THING 2 BAN FUTURE TRADING IN OIL SEED AND PULSES U'LL FIND THIS INFLA. RATE AROUND 4%....
If one can remember the previous era of The congress, PRICE RISE happened each time. For, this party is of the rich, by the rich and for the rich.Black marketing, hoarding, created food crisis has always happend in Congress era . It's nothing new. The fact is, PUBLIC MEMORY IS VERY VERY WEEK.
RE:It happens every time The Congress rules the country
by Arun Prasad on Apr 11, 2008 03:09 PM Permalink
Remember BJP lost state polls because price rise, the famous Onion price.
RE:It happens every time The Congress rules the country
by shyam c on Apr 13, 2008 12:20 AM Permalink
Onion price rise was a ruse by the congress and it ensured no further action on Bofors issue. Did you not notice the trade-off?
RE:BJP and Congress leaders were befooling us in the name of super power and 10% growth. Left gave warning for last 15 years that do not be globalization, because it demolished Latin American countries. MMS done for World Bank.
by KARAN MALHOTRA on Apr 11, 2008 02:31 PM Permalink
SAHADEVAN KK IN DISGUISE
when the times get tough the tough get going. the centre now says the states have to control inflation. they look like losers now. all that brilliant halo around WOmanmohan and chiDUMBaram has disappeared!
Congress and soniya gandhi will take you back another 50 yrs bcaz that was their tradition.Offers in karnataka election showing it. so befor that sack them out.
BJP is an opportunist political party, because it is sitting to capture the reign when UPA falls. It is not ready to fight for people. The important questions is whether Indian people are ready to fell their trap again.
RE:BJP is an opportunist political party, because it is sitting to capture the reign when UPA falls. It is not ready to fight for people. The important questions is whether Indian people are ready to fell their trap again.
by shyam c on Apr 13, 2008 12:27 AM Permalink
Narayan ji, your beleif is convuluted. UPA has failed. Whether NDA, BJP or any other party comes to power is very subjective. You need to step back in time Rajiv era/ Indira era, you will find price rice and scarcity of items, high inflation levels. Is this not too much of a coincidence? Why blame global situation when all you really face globally is petro product inflation? When NDA was in power crude was at $21 a barrel and closed at $72 a barrel. Congress took reins at $69 a barrel and today it is at $102 a barrel for the Indian oil basket. Inflation was not only brought under control by NDA, it quickly took steps to get the congress managed Onion shortage under control in 2 months! Why is the congress not raising up to face the situation? Is it because they are truly inefficient?
If you ask common man in the street, you'll get the same reply...... "congress rule". History clearly shows that whenever congress is in power, all issential commodities prices are out of common man's reach. I am not supporter of BJP either but in their rule, at least we were able to eat our daily brunch. Congress till today didn't give us the opportunity to buy home and now they are not allowing us to eat as well. God save INDIA.
Up to a certain stage international economic slodown and high oil prices are the main factor for inflation.Eventhough inability of UPA govt and programs like farmloan waiving at a sudden stage and encouragement of speculative economy made the country panic.
Major failure on the part of HR Professionals, which has resulted in exhorbitant salaries offered to certain sections of the employees. This has caused vacuum in other areas, where again the salaries had to be matched to bring the talents. The rat race in this scenario had resulted in the surplus funds with the employees; on the other side, the overheads have increased for the manufacturers / traders et al resulting in forced increase in the prices of the commodities. Certain sections of the society have taken advantage of this situation, and had resorted to their usual black-marketing, hoarding and arm-twisting tactics, all these will continue till the elections as these people are part of the Ruling Groups. The middle / lower middle and poor will have to suffer on one side, and for the people at the higher levels, they do not bother about this inflation as they are always compensated for all the increases by their employers. Even the Government has given substantial increase to the Government employees from the tax-payers money, whereas people working at the un-organised sector are suffering because of the price-increases. They are not able to demand and get the salary increases for all the cost increases; similarly, their employers are also not as generous as MNCs or Software giants or the Government, as they cannot pass on the increase to others because of the competition in the market.
RE:INFLATION
by Attah Basheer on Apr 11, 2008 02:41 PM Permalink
WELL SAID! Apart from the demand pull inflation caused by acelerated growth in salaries in some sectors, the other noticeable feature is the breakup of overhead expenses in industries (300% increase in ad expenses) This is coupled with a weak executive and a general abhorence for following the rule of the law has led to a situation where the decision makers are far removed from the ground level reality.
RE:INFLATION
by raj on Apr 11, 2008 06:34 PM Permalink
yes, there's is an un-natural growth in certain sectors, thats putting pressures in many other sectors. glad that yu are raising a valid point!
