My comments to a writer: The Congress is seeking trust vote on Nuclear Deal issue alone and not on any other issue. Even a child knows that. Having said that, tell me on which front the Congress has failed? You would promptly reply 'Inflation'. Well, inflation is a world wide phenomenon caused due to reasons, amongst others, of high crude prices. In 2003 crude was at US$35 a barrel. It touched its peak at US$147 a barrel. This has nothing to do with increased demand. This is due to speculative buying. World consumption is only 80 billion barrels a day. There is matching production. But on NYMEX (New York Mercantile Exchange)800 billion barrels are traded every day. It is like a Company having only 3 Crore shares but the speculators place buying Order for 30 Crore shares. Where the shares would come from? A 'Buy' position of 800 billion barrels can never be met. So there are no sellers - only buyers.
This can be warded off by either having the buyer to pay huge margins or by bringing crude on spot trading. India has no say in that. Speculation is by Hedge funds who having lost big money in Sub-Prime Mortgage making it big in oil.
Every one knows spiralling oil prices have cascading effect.
Else, Congress has had a good account. The loan waiver of poor farmers, high economic growth, infra structure development, open economy, high foreign reserves - to name a few.
However, but for the constraints imposed on being in Left's company it could even more.
