The steps announced by Govt to combat inflation such as ban on export of rice and pulses and zero duty on import of crude palm and soya oil. It also advise to restrict the commodities in Essential commodities Act. These measures are small although welcomed.What is essential how the transport of these essential goods would be made cheaper.It could be done only when the petroleum products are made cheaper or else subsidise the transport.The prices and steel must be frozen atleast for one year or else they should be brought under Essential Commodities Act and sold through fair price shops at cheaper rates as is being done in Tamilnadu where cement is sold through civil supplies godown at subsidised rates. Such measures alone will have a soothing effect on the market.All prices should be checked including enforcing of hoarding act etc. This would bring goods over ground in large quantity. What measures govt would take to make other essential items like fish, chicken, meat cheaper,as the prices of these daily use items are skyrocketing day by day. Mutton is sold at Rs.240/- per Kg,Fish at 450 per kg Eggs at Rs.2.50 and not to talk about vegetables which are sold at premium.Govt has no control over all these items.The chief reaason being cost of transportation which has increased many folds owing to increase in diesel prices. Are we heading to Czar of Russian period where truck full of currency was paid to buy a pair of shoes.This brought the end Czar from Russia and workers ruled.
RE:Measures to counter high Inflation
by Sahadevan KK on Apr 01, 2008 09:45 AM Permalink
Media says Chidambaram is not ready to end future trading. It means he is in favour the mafia behind the future trading. Govt. must start an enquiry how our FCI godowns got empty after our government banned grain export.
RE:RE:Measures to counter high Inflation
by prashanthreddy reddy on Apr 01, 2008 10:51 AM Permalink
future trading is not responsible for inflation.,infact its a hedging platform for everyone.....its pure demand -supply gap ,we shud think of increasing the supply by focussing on increasing the agri out put...
