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inflation
by prabha on Apr 16, 2008 07:22 PM  Permalink 

We normal indians expect this will happen in future. India is mainly focus on IT,Hospital,computer games and insurance fields than farming. So in future everybody will get colosterol enriched foods like Mac-donald's foods and sandwitches like US. Or we can eat electronic parts to survive. This trend is not good. Indian govt is going very bad nowdays. Don't adapt US life styles. It is fun to see that Indians are adapting western styles but the westerns are ready to loosing it trying improve by eating fresh foods.And they are trying to sell their frozen technologies.Foolish indian govt and indians are trying to adapt everything without thinking the consequences.

The poor farmers can't do farming anymore because of the burdens the govt is adding to the farmers. FOr eg. The insurance systems. Now in nachinadu due to bad weather the farmers suffer a lot. who earned money? insurance companies.The govt is supporting such companies to grow and depressing the poor farmer's growth in india.

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Inflation effect
by Priyan Sarma on Apr 16, 2008 02:43 PM  Permalink  | Hide replies

I am NRI residing in Gulf for over a decade. During my yearly jaunts to India, especially during the last 4 or 5 years I was astonished with the way prices of everything from property to vegetable skyrocketed each year. Whenever, I tried to come to terms with this "too good to be true" situation, I was told that there is a paradigm shift that has happened in India and that the country is shining and every body has become very rich - Landed class because the land prices has shot through the roof, the rich, middle class making millions in stock market and just out graduates earnings lakhs in the ever growing IT & ITES companies. And that everything in India has changed for the better for ever. I was ridiculed and even asked to stop whining about leaping prices of essential day to day items and also financial & real estate assets. Seeing the big hullaboo about inflation all over the media and public discussion arena at present, I am at a loss to understand what has happened to the great wealth-effect of the countrymen.

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RE:Inflation effect
by raj on Apr 16, 2008 03:35 PM  Permalink
What is the price of vegetable in Gulf.And rate of a Flat in Dubai.

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It is very CORRECT.....
by Abdul Vahidv on Apr 16, 2008 02:29 PM  Permalink 

I was in doubt, despite the immense media coverage that whether there was an inflation actually. Now it is clear, that i believe that the inflation level has galloped as about to kill the ordinary people of the nation. SAY HIM to take any postive steps to cut down the spirralling inflation and price rises, beyond going on comments..WIAH U ALL THE BEST

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WHEIR IS INFLATION????????????
by Rich Man on Apr 16, 2008 01:20 PM  Permalink  | Hide replies

MERE 7.4% INFLATION IS NOTHING. SEE EVERYWHERE THERE IS LOT OF BOOM AND PURCHASING POWER HAS INCREASED. INFLATION IS A MERE GIMMICK. THE REAL ISSUE IS HOW TO BRING MORE FOREIGN INVESTMENTS IN INDIA AND ALSO GIVE MORE AND MORE TAX AND OTHER BENEFITS TO INDUSTRIALISTS WHO WORK HARD AND PROVIDE EMPLOYMENT TO LABOURS WHO ARE VERY POOR.
GIVE MORE INCENTIVES TO RICH THEN ONLY POOR WILL SURVIVE.

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RE:WHEIR IS INFLATION????????????
by Loga on Apr 16, 2008 01:55 PM  Permalink
Very well said.
We should go back to 1970s and 1980s situation. When We sold our country gold reserve to maintain the minimum balance required for our imports. Inflation was high that time also high. Land lines were few and mobile phones were a luxury. The people had to wait for years for a telephone connections for months after booking. We had to wait in long queues for the railway reservation. Waiting list of 5 years for getting the allotment for Scar or scooter.

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RE:WHEIR IS INFLATION????????????
by Krishnamurthy Sastry on Apr 16, 2008 02:08 PM  Permalink
what you are trying to say?

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RE:RE:WHEIR IS INFLATION????????????
by Loga on Apr 16, 2008 02:27 PM  Permalink
Mr Krishnamurthy, I already wrote i am trying to say, if u can't understand then it is your problem.

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RE:WHEIR IS INFLATION????????????
by faisal khan on Apr 16, 2008 02:50 PM  Permalink
yes Loga has written something very confusing...haha

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RE:WHEIR IS INFLATION????????????
by manoj wagh on Apr 16, 2008 01:43 PM  Permalink
well said...

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RE:WHEIR IS INFLATION????????????
by faisal khan on Apr 16, 2008 01:53 PM  Permalink
i wud disagree with you..if you suppose a annual inflation of 7.4% and GDP growth of even 9% then the real GDP growth is just 1.6%..rest is all due to inflation...where is the big boom?
Inflation can be tackled by doubling agri sector growth which is just 2% now...it wud also help the 60% population (mostly poor) engaged in agriculture...


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RE:RE:WHEIR IS INFLATION????????????
by faisal khan on Apr 16, 2008 01:55 PM  Permalink
even in US 80% of the wealth is wid 20% of the population...rich can only exploit the poor....we shud not try to b like them...go for inclusive growth...

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Traders are to be blamed
by jayaprakash ravella on Apr 16, 2008 01:14 PM  Permalink 

Market of Supply shortages is used by food grain traders to their advantage by increasing the prices or hoarding the large quantities,. Poor farmers are forced to sell their crop immediately in Buyer's(Here Buyers mean organised food grain traders) market at the price fixed by traders as these farmers don't have holding capacity because of debts and pressing needs. So most part of the increase of food grain prices are not reaching farmers so that they don't have any incentive to produce more.

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Price hike is not due to UPA govt.But price skyrocketing to unimaginable levels are.............
by Ravan Raj on Apr 16, 2008 01:12 PM  Permalink  | Hide replies

Price hike is not due to UPA govt.But price skyrocketing to unimaginable levels are the failiure of UPA and soniya gandhi.If u r not capable for control prices at a certain extend why ur sitting in power and playing third rate dramas with nehru family kids?
Request to econoist minsters "resign and go out if u cant"

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RE:Price hike is not due to UPA govt.But price skyrocketing to unimaginable levels are.............
by manoj wagh on Apr 16, 2008 01:44 PM  Permalink
well said

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This is only beginning
by jayaprakash ravella on Apr 16, 2008 01:04 PM  Permalink 

This is the beginning only of High food prices. The reasons lot of farmers are giving up Agriculture or becoming labourers in the urban areas. Even big farmers are not enthusiastic about farming and moving into other businesses. The reasons are innumerable. Neglect of Agriculture by successive governments, middle men, lack of bank credit, small holdings, increased cost of fertilisers, pesticides & labour. Most of the farmers are giving up cultivation of food crops. If India wants to import food grains from outside, it should pay more price probably double of Minimum support price it is offering to its own farmers. Even Inflation is contained, this can be in short term only. Food and Edible oil prices will go up further and probably be double in 2 years time. But steep rise will be in India as the gap between Indian and global food prices is still high. If the present unrewarding agrarian pattern continues, India once again has to depend on import of food grains to feed all its population.

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Inflation is too high!
by Junglee on Apr 16, 2008 11:31 AM  Permalink 

The figure on rate of unflation given by the govt. is misleading. Does this mean that in general prices are rising only at ~ 7% per year currently? These analysts require some ground level lessons on getting the real rate of inflation. When the prices are near double from last years in most cases of routine daily consumable items including vegetables, is it not more than 50% even by general trading levels of prices. Where the difference goes? Traders or politicians or retailers or who?

The declaration by the RBI head that the inflation is at unacceptable levels is true and not the figures mentioned. And what exactly the govt. is doing accept saying once in a while that they have no magic wand to tackle this?

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INFLATION
by KRSrimathi on Apr 16, 2008 11:20 AM  Permalink  | Hide replies

Everyone from the Governor of RBI, FM to common man speaks of inflation. But, when the remedial measure would come?. No solid answer from any quarter. Other day when I went to buy the Gingily Oil of IDAYAM Brand it was priced as Rs.195/. per litr.
The same brand same measure was sold at
Rs.105/-. Just imagine the cooking oil which is needed for a common man the price of which just doubled. How the compensation/regulatory price would come into existence. Is there any evidence in the history of India, the price once increased had come down in our life time.
The other day I had been to Reliance Fresh to buy green leaf vegetables which are normally sold for Rs.3-per one medium sized bunch just labelled now as Rs.7.50/- for the same. Where and how a common man would budget his monthly income. Does the income/salary is adjusted to inflation rate.
Whenever we take the price index we speak of the whole sale price index. To whom it is applicable. Why not we be practicle and view the retail price index and accept the reality how difficult for a middle income group families to run their family who form the major part of our population. What about the people who are low income group . Government has to address this issue not only seeing the statistics but seeing the reality and with emotions attached

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RE:INFLATION
by Vijay B on Apr 16, 2008 05:49 PM  Permalink
Cooking oil at Rs 195/. per litre?? What the hell is happening!

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