Insufficient supply, rising incomes etc. are only part of the reason. The real reason is speculation following the mild fear created by diversion of food to fuel and reports of droughts. Such speculation created undue panic causing export curbs which worsened the situation a whole lot more. Only way to take care of this is the whole world coming together and working hand in hand in resolving the situation rather than advocating the 'us vs them' mentality which will only further degrade the issue
Comparing India with low lying poor and unstable countries is only an effort by the Govt of India to justify "rising prices in India". Shame. Do something to check prices in India only.
RE:INFLATION
by Ankush on May 20, 2008 08:43 PM Permalink
A sign of your upbringing that you cannot desist from using abuse even on most innocuous comments
RE:most of the listed countries are Mmusslims dominated
by Singh on May 20, 2008 09:34 AM Permalink
4/10 is not most.. and Uzbekistan and Yemen aren't even unstable. That leaves Iraq and Afghanistan and we know why they are unstable... because of uncle Sam
I think India can benchmark themselves to Mynmar. I would like to hear one of the politicians to boast about the imflamation and give a reference to Mynmar:)
RE:good countries for India to benchmark
by Loga on May 21, 2008 06:31 AM Permalink
Fool India has the lowest inflation in ASIA 7.5%. China 8.5% Pakistan 11.3%
RE:good countries for India to benchmark
by babu rengaraj on May 21, 2008 09:11 AM Permalink
loga , you are a fool,just check how indian government is calculating the inflation rate and how the other countries calculating it you will see the diff
RE:Forgot your Neighbour with 25-30% inflation
by PT Mukund on May 20, 2008 07:25 AM Permalink
The Srilanka Banana Republic hides all its inflation in the name of civil war to fool the world.The govertment sponsored a budget airline called Mihin Lanka and it swaloowed Rs.3.2 billion loss in 12 months and now defuct without a single piece of asset.Yet they kept printing money to keep the airline alive, but the board of directors satisfied with their hunt in 12 months, decided not to loot anymore.
The real reasons for inflation and rising prices has never been said by anyone. UPA govt is misleading the nation. Due to nounting crude prices in US due to more consumption in war jones, all western country has deployed their surplus food stocks for production of bio-fuels. Consequently there is a increased food demand in west Asia. Indian politician through there shadow companies are busy exporting food to gulf contries to earn more. Moreover, PDS grains have been siphoned off illegally through Daman and Diu. UPA govt never bothered to ban export of food till very late and still they are exporting on one pretext or other. Therefore the food prices and other prices has gone up. UPA is amassing wealth for next general election. First they rigged stock market and now the food prices. To defame the BJP ruled states they conducted raids and found food grains of hoarders in FCI godowns. But someone should ask them that FCI is the Central Govt baby. What action they have taken against them. And moreover, it is Congress people who with the help of their Minister got the food grain stocked in FCI godowns
RE:The Real Reasons of Rising Prices
by babu on May 20, 2008 07:03 AM Permalink
Low Agriculture production is the problem of state governments not the central government. Why Punjab and Haryana alone are able to produce 60% of India wheat, Rice and vegetables and and other states can't.Punjab and Haryana are the most united and technological advance states in Agriculture field in India. And other states don't have political stability and will to accept new technology.
RE:RE:The Real Reasons of Rising Prices
by Hemant on May 20, 2008 09:45 AM Permalink
dear correct your geography......punjab and haryana are blessed with rivers and dams which are from himalaya so they not depending on monsoon whereas other state which depends on monsoon get thrashed by either bad prediction of metrology dept of bad monsoon...
RE:The Real Reasons of Rising Prices
by DAWA JACOB on May 21, 2008 10:58 AM Permalink
i dont understand what is it about rivers and monsoon. in todays time even the desert countries are able to grow crops.instead of investing so huge in missiles ,a little amount can be invested in agriculture development. and subsidies and farm loan shuld only be given to co-operative farming,where by a huge number of farmers will pool there land together .it will result in more yield less cost and prosperity.
My sincere thanks to Rediff to let us know that UPA has failed to take India among the list of prominent nations like Myanmar, Afganistan, Congo, Zimbabwe and some never heard nations. However, I can assure all ardent readers of Rediff that the sincere efforts of our FM, PM and Super PM will not stop till we achieve the glorious nominatin to this list. I also sincerely thank Rediff for supporting my lovable UPA Govt. by putting this up so as to gloss over the fact that figures of Indian inflation have surpassed those during NDA regime. Thanks Rediff. Long Live UPA. Long live horaders.
Our taxation system is conducive to capitalism. A salary earner with over Rs 1.5L per year has to pay taxes, whereas an industrialist with a few crores as dividend income and another few crores from long term capital gains from exchange traded shares does not have to pay any income tax! A common man with a few thousand rupess per year from dividends gets heavenly feeling when FM makes these tax free! A poor man does not have money to invest in shares and middle class which is the vote bank gets happy with this not realising that it is aimed at the super rich to get richer. Salary of even Ambani gets taxed but not the income froom dividends. No wonder India is progressing with higher and higher number of billionaires!
RE:Our taxation System
by jahesh khan on May 20, 2008 02:11 AM Permalink
Better solution !! Islamization of economy ! Its true !! why cant we all try for islamic economic system. Try every body to learn and see its opportunity to solve the world problem. this is not to make any controversy. truth is that there is solution in islamic economic system. Zakath, sadaqa, charity, other industries without any interest. Before any body writes any comment or simply debate first try to learn about what Im telling
RE:Our taxation System
by Tushar Sakhalkar on May 20, 2008 06:06 AM Permalink
Iraq, Afganistan, Uzbekistan are Islamic Countries. Please convince them first..... We do not need this advice.... We do not need terrosrist economy.
RE:Our taxation System
by Sabu Abraham on May 19, 2008 09:54 PM Permalink
TO SOLVE THIS PROBLEM ,ELECT COMMUNIST CANDIDATES TO THE PARLIAMENT WITH MAXIMUM MAJORITY,THE CONGRESS AND BJP FAILED,THEY ARE MORONS,GIVE A CHANCE TO CPI(M).
RE:Our taxation System
by rajesh agarwal on May 19, 2008 10:56 PM Permalink
i think mr sabu you are out of your mind.this is the party which is supporting the government responsible for this inflation.outside the parliament it talks about the people and inside supports the policies of congress.no party in india today is worst than cpm.we are seeing in bengal where they have their gunda military force to kill inoecent farmers.they have done nothing in bengal for their improvement.today they are willing to kill poor people for the sake of tatas.and you want that such kind of parties should be given the nation.
RE:Our taxation System
by bharat korde on May 19, 2008 10:27 PM Permalink
CPI(M) ki sarkar aayegi to CPI(M) apne desh ke tukde kar ke chin ko khilayegi aur bolegi china hamara friend hai.
RE:Our taxation System
by krishnan on May 20, 2008 07:21 AM Permalink
and they will make us the vassals of china .andf then we wiil progress through the capitalist route as in china
RE:Our taxation System
by R K on May 20, 2008 10:15 AM Permalink
Support CPM to turn this country into a poverty stricken nation like they did to West Bengal. Before seventies, Kolkata was known as Manchest. of India lush with activities, industry and business and enterprizing youth usually looked towards Kolkata rather than anyother city. Now where does Kolkata stands? More over Communism is not fitting into our god fearing and democratic culture. It is imported from China/Russia where it has failed miserably. In Communism only political leaders enjoy freedom while the common man stands in long long ques of ration shops etc and in the evening the common man feels proud having acquired the day's ration. He feels more proud if somehow he is able to acquire some clothes and bicycle.
RE:Our taxation System
by Sebastian A on May 20, 2008 12:11 AM Permalink
Mr. Sabu Abraham - are talking something serious... U should know the pathetic state of KERALA...no industries...no job...
One way its good for KERALA...no immigrants etc...
RE:Our taxation System
by Hemant on May 20, 2008 09:48 AM Permalink
Mr. Shiv sehgal i think you need to study taxation again...even though there is no long term capital gain it is consider your income and you need to pay income tax on it its diff story that these people dont pay and hide income or pay it dept for waiving that.......but then you can also invest in same way and gain tax free income
RE:Our taxation System
by on May 20, 2008 02:50 PM Permalink
Hemant, pls dont speak without knowledge of the subject.If LTCG is free of taxation, its free of taxation. And saving tax by investment is only to a limited extent of abt 1 lac, so what abt a person who earns 5 lac in salary and a person who earns 10 lacs in LTCG, the rich keep on getting richer and the salaried middle class keeps sustaining the government by paying taxes. If we consider individuals, the salaried class is the most disadvantaged one, perhaps because they are not the votebank and shy away from politics and dont have any rep[resentation in politics.
