Govt. Should take following steps to check inflation a. Charge 5% TDS on all Property transaction above Rs.30 Lacs. b. Start Tax Incentive for setting up Agriculture farm and Dairy activity. c. Start giving Depriciation benifit for cow's and buffellos so that more and more people get in to Milk and dairy business. Also introduce the Depriciation transfer scheme for such activity. d. Stop all tax benifits to software and real estate business.
All this method will inspire common man of this country to venture in to agriculture and dairy business which will automatically control inflation.
RE:RE:Steps to reduce inflation
by Balasubramaniam R on Apr 09, 2008 03:17 PM Permalink
Best way reduce inflation is to consume less. If we consume less it will bring down demand and eventually the prices but this can lead to recession another economic evil. This cycle of economy will go on.
RE:Steps to reduce inflation
by krishnan venkataraman on Apr 09, 2008 03:39 PM Permalink
best way to reduce inflation is to give cheap booze to all by the Govt. Everybody will be drunk and nobody will bother.
RE:Steps to reduce inflation
by nvee on Apr 09, 2008 02:54 PM Permalink
U missed one..stop taking bribes and improve PDS..and all those good governance points which are fundamental for an economy like ours! pls correct ur tunnel vision..u must be a babu!
RE:Steps to reduce inflation
by pranab parajuli on Apr 09, 2008 02:43 PM Permalink
i tried replying to your message, but i am speechless to comment on this .... this is so ridiculous.
RE:Steps to reduce inflation
by Priyadarshan on Apr 09, 2008 02:50 PM Permalink
I agree with your point 'C' which is really appreciable since all states in india facing acute shortage of milk and diary products giving depreciation benefits will attract more and more peoples in to this trade and whole country will be self sufficient in milk and diary products. This is really a noval idea.
RE:Steps to reduce inflation
by neeti mehta on Apr 09, 2008 03:43 PM Permalink
Even i would like to Thank GOD that you are not FM..if reality talks are ridiculous for you,,one day your life will also be in trouble.Mr.Mehta is aware of all details and that is why he wrote with confidence..you are speechless,coz you must be only aware of your coding languages and not the ecnomical trends and figures..
RE:Steps to reduce inflation
by G P Sahu on Apr 09, 2008 03:07 PM Permalink
Main cause of inflation this time is Rising Food price all over the world and cost of Oil. Both of these prices which are not our FM's controll were low during NDA's regime. (Dont forget NDA govt. passed on all increase in Petro Price to consumer, if they were at power now, petrol would have cost 120 Rs. a liter). any way, main reason of food price increase all over the world is - 1. chnage in our food habit, which is related to increase in life style. 2. conversion of corn, soya to biofuel. 3. continuous drought at Australia, who supplies a huge percentage of corn, wheat (gloabal warming could be one the reason for the drought) 4. Petrolium price has increased input cost of agriculture (irrigation, tractor, transport all require petrolium products). 5. In India neglect of agriculture for last 60 yrs. For last 10 yrs, we reduced our stock , with an idea that we can import it any time required. But it's no longer possible now given the very high international price. 6. All rice producing countries have stopped export to keep their citizen happy (price of rice is sky rocketing in those countries). In fact United nation is predicting global unrest over shortage and high price of food items. 7. In india, we are switching over from agriculture to Industry. Just calculate how much of farm land has been conveted in to SEZ. 8. Higher cost, requires more compensation for the worker, that pushes price for other commodities, Its a vicious cycle. So whats the way out. Pray to g
RE:RE:RE:Steps to reduce inflation
by Blazer on Apr 10, 2008 01:36 AM Permalink
reduce the no of vehicles in India your Inflation comes down every Village has ample transportation vehicles running on Diesel and Petrol.The Old Politicians were corrupted but their plans were long term current politicians are corrupted and planning very very short term, Make money and live happy is their motto.
