Wednesday, November 23, 2011

Inflation/ Price Rise really cant be tamed ?

FM Pranab says they just can control as the whole world is bleeding because of inflation and rate hikes.
But is this statement really true.. i dont think so..

Lets see a few examples...



Foolgobi - Cauliflower 1 month back touched Rs 80 per kg, and it's price was beyond  purchase of common vegetarian. Within a month same Cauliflower   was selling @ Rs 5 per kg, is this variation of 94% a case of international prices or domestic supply chain failure..
Its been again debated that petrol prices can be controlled or not..
Many websiteswebsite2 and sources confirm that almost 50% of petrol price comprised of tax.
Its again a clear case of government policy to burden middle class Indians more and more.





Rather than have differential tax slabs like China (where there are at least 8 slabs) Govt just keeping on pushing price burden to common man. To get more revenues instead of improving tax collection and taxing black money every year, govt increases toll tax. in NCR at least two times commoners have suffered (Gurgaon Delhi toll tax increase & NOIDA Delhi DND toll increase).


What amuses me, has government failed completely to collect tax, unable to find sources of revenues, people do not want to pay tax because they do not get anything in return (no medical support, no un-employment help, poor roads, pathetic transport).

There are so many ways to improve, to boost govt income, by directly increasing revenues rather than selling profit making PSUs, de regulating LPG, CNG and petrol prices. **
** Curious case of Diesel - un likely common belief, majority of diesel consumption is for business and commercial purposes.

Its really frustrating that we live in a country where all around you see in efficiency of bureaucratic system.
Examples are all around from wasting tax money in suspended failed parliament session (each day costs> 1.25 crores).
Roads are build every 4 months and still they just wash away every 2nd month. How come all around the world, roads are built with some better technology, is India really that backward?
Why the public representatives like MPs, MLAs publish their expenses online, make it mandatory for them to show where are they spending the budgets (apart from driving flashy cars and making international trips)




Alas !! well seems like am one another frustrated Indian, hmm well in deed i am..




5 comments:

Anonymous said...

One thing for sale... Three folks to buy and so the price goes up high..!!

Anonymous said...

Let's all stop prices going higher... BE A SAVER-NOT A BUYER..!!

Anonymous said...

This crazy whirl is called INFLATION and it alone can freak a NATION..!!

varshi said...

Good One Ankit!! Comes with a surprise;)
All the best!!
Shikha

Ravi Rajpal said...

One thing for sure...if you increase purchasing power prices toh will go up, then explain how will FDI reduce prices since it will Pay more to Farmers/Owners.
So same supply (though systematic)but demand will increase.
Thus, as told now Supply side pressure then it will be Demand-side!!!