All these measure are just eyewash. It is well known fact that prices of steel, cement and sugar will increease before general elections. Because the manufacturers of these commodities have to give hefty sums to political parties (both ruling and opposition) for election expenses. In turn they are allowed to increase the prices to make up the expenditure. It is a tacit understanding between all political parties and manufacturing associations. All these meetings are just drama.
RE:RE:RE:controlling inflation
by rakesh dikshit on Apr 21, 2008 07:32 PM Permalink
Please donot stry out of context 1. There has been an increase of USD 465 per ton in the price of HR Coils ex US mill in the last eight months ( from USD 538 per tom in August 2007) to USD 1003 on 19th April 2008. Does this indicate anything to you 2. There has been an increase in the price of Iron ore from USD 73 per ton in August 2007 to USD 124 per Mt in March 2008 in China. Does it indicate any thing? 3. The price of coking coal has increased from 218 USD per ton to USD 435 per ton in the past 10 months. DOes it ring bells? 5. Does it require any guess work for an Indian company to sell its finished products without paying for the hike in its raw material costs. 6. Yes elections are there. Donations will be there. Bu the same manufacturers paid for it even when they were incurring losses during the 1998 to 2004 period. Two elections were held during this period. 8. Let Mr Lalu Yadav try to give some respite to the miners by reducing the freight charges - Is it not a fact that he has made a profit of more than Rs 12000 crores.
RE:controlling inflation
by raj on Apr 02, 2008 11:04 AM Permalink
good point. but this time around - the prices are already sky high, and any more will hurt everyone badly. just that the politicians are just not bothered. when will, we the people, stop looking away ?
