I am not an expert but I blv that commodity exchange is main culprit in driving prices of essential commodity (except Wheat, Rice and some pulses). The best would be ban trading in commodities that are used to calculate WPI or Inflation. Trading in commodities exchange results in speculation of prices on some of the essential commodities. Also in last few years farm produce has reduced. Govt needs to improve this as well by providing technical assistence to Farmers.
RE:Commodity Exchange
by vijay dhar on Apr 04, 2008 12:59 PM Permalink
You are wrong, take the history after independence,inflation has been on the run whenever congress has come to the Power.With PM like MM Singh,who has no command over the party,these things are bound. Hindustan mein>> Loot sake to loot kab sarkar jayegi ,nahin pata. This has been an ongoing story and we are characters who keep on listening to theories of congress Govt.
RE:Commodity Exchange
by Prem Viswanathan on Apr 04, 2008 01:06 PM Permalink
You are right... but I feel it is more to do with gandhi-nehru parivaar. Things were not this bad when Shastriji or even recently Narasimha Rao was PM! Parivaar creates artificial shortages by allowing hoarding and blackmarketing after receiving due cuts.
