It is only the official figure which for strtegic reasons by the govt would always be kept than what actually it is!With rise in petrol prices which affected almost all the economies of the world,inflation must have factually crossed the double digit.RBI's mere rising the lending rate may not have that salutary effect unless followed by some more stringent measures like increasing the cash reserve ratios liquidity requirements by banks to curtail money supply.Well!While the UPA's inability to contain cannot be the sole factor for the rise in proces,the overall surging prices of all essentials all over the world also is a determinant.It is time for rescheduling our priorities of planning & allow the agricutural sector to enjoy its due share in the nation's exchequer with a view to increasing the yield and solve food problem to some extent.The increasing consummerism which is not a good sign but an off shot of social spending resorted to by the neo rich thanks to the high pay pockets in certain sectors like IT etc needs to be stopped.Unfortunately,we started believing in spree spending on avoidables and waste precious food etc as we observe in parties hosted by the rich and the upper middle class.Despite fat & fabulous income,the habit of saving and thrift are becoming almost extinct due to false prestige and false impression that life means inculcating western style of spending etc.Left parties should shun bargainig too much & blackmailing the govt to concede to its wishes.
