The “Inflation” Effect

25 Apr
2008

By:
Rishabh Srivastava - Profile
There are 176 more posts on Jai Hind: Proud to be an Indian by Rishabh Srivastava
Categories:
Business, Economy, Education, Elections, Leadership, Politics, Society
Tags:
, , , , ,
1 Comment
Reply to it»

No. of views: 2,470
Rate this:
1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 5 out of 5)
Loading ... Loading ...


Print This Print This

The United Progressive Alliance (UPA) has completed almost four years in the office. Kudos to them for providing a stable government so far. The growth rate has been approximately 8.5 per cent according to the various reports. I don’t know what exactly this term “growth rate” means, but I have observed many changes in my daily life. The change has been very significant in the last few months post that populist budget.

Surging prices of vegetable, fruits and pulses hit the common man hard while dearer steel and metals pushed the inflation to a 40-month high of 7.41 per cent, prompting the government to take more price control measures like ban on cement exports, and now may be ban on steel exports as well. “Whatever I make, must be affordable to the common man.” These were the words of Chinni Krishnan, who is acknowledged as the father of the sachet revolution in India. But is the common man’s problem being addressed in our country?

Empty WalletBeing a student and living in the hostel, I need to manage my expenses well. Previously, my daily expenditure was Rs. 100, which has increased to Rs. 150 now, despite my having cut down my expenditure on some fronts. I have to ask my parents to deposit more money in my account now. My father, who has taken a home loan, has to pay more Equated Monthly Installments (EMIs) and the return period has gone beyond his retirement. The college has increased the fees citing more expenditure. The mess fees has increased following the rise in essential commodities such as vegetables, edible oils, etc. In all, my life has changed a lot in the last few months. It is not just me; in fact, all of us must have faced the heat of rising inflation week after week. The condition of the people who depend on the daily wages is much more pathetic because they are the first and the worst victims of inflation.

Despite this growth rate, the common man’s problems are not attended to. The cup of woes of the common man across the country seems to have reached its brim, with rising prices of fruits, vegetables and other essential commodities leaving a deep hole in the pocket, forcing us to re-frame his already back bending budget.

This is an issue, which is core to the Indian government right now as it knows that the soaring inflation, if not curbed will eat away the entire success story (if any), which it has woven since the past four years, certainly something it does not need when it is going to the polls. The Prime Minister has said that the government will try their level best to curb the inflation but that has not happened till date. The government needs to curb the growing price at the earliest; else it will have to face the consequences in all the upcoming elections scheduled later this year.

This government is definitely by the people but not for the people. I say that whatever reasons the government might give for inflation but the end of the story is that the common man does not have either the time or the money to read or know about that reasons. The failure to curb price rise and inflation has been a major blot on the government totally neutralising the 8-9 per cent growth rate. As the UPA completes its fourth year in the office, the government headed by PM, Manmohan Singh, may be known more for what it has not been able to achieve rather than what it has.

Image courtesy-Icelandexpress

Liked this article? Subscribe to the RSS feed or Subscribe by email

| Print This Print This

One Response to “The “Inflation” Effect”

  1. [...] and now may be ban on steel exports as well. “Whatever I make, must be affordable to the …..read more | digg [...]

Leave a Reply

  • freida pinto jeansfreida pinto kissing
  • cspan journal
  • cheaper
  • connecticut renaissance faire
  • cessna
  • hp support venezuela
  • chicago bears jewish players
  • dis tester
  • result
  • chicago bears 09 draft
  • connecticut transit
  • connecticut department of labor
  • zara phillips wedding plans
  • microwaves
  • bengals football
  • new england patriots 65
  • la ink tattoos
  • chad ochocinco age
  • battleship vittorio veneto
  • vince young rivals
  • search cfisd.net
  • search engines cookiessearch engines definition
  • chad ochocinco quickstep
  • search in vi
  • battleship galactica
  • new england patriots rumors
  • bea taylor
  • bea 2011 map
  • mtv dougie
  • chad ochocinco quits football
  • zara phillips queen elizabeth
  • dis x
  • hp support contact us
  • bengals cheerleaders tryouts 2011
  • new england patriots 07
  • bengals games
  • bea verdi
  • bea diy
  • mtv music awards
  • new england patriots espn blog
  • chicago bears 4th phase
  • walkthroughs
  • beagle
  • bengals undraftedbengals vs steelers
  • 4pm cspancspan area 51cspan 90.1
  • slvr
  • muslim
  • vmax
  • battleship egg hunt
  • platform
  • replacements
  • bengals arrests
  • armoured
  • la ink cast
  • vince young endorsementsvince young foundation
  • freida pinto green dress
  • bea binene
  • la ink price list
  • search dog foundation
  • chad ochocinco yesterday
  • tea party hobbits
  • dist 95
  • tea party obama
  • search 3 bodybuilding other index
  • mtv 25 lame
  • cspan streaming
  • zara phillips baby
  • c span shelby foote
  • search xml file
  • la ink phone number
  • bobs
  • searchbugsearch engines
  • randy moss korey stringer
  • search engines non tracking
  • cspan kucinich
  • forklift
  • search and seizure
  • bengals new uniforms 2012
  • fron
  • la ink season 5 premiere
  • disassembledis boards
  • mtv true life
  • greg olsen website
  • bea 71 series staples
  • search engines images
  • fusion
  • connecticut natural gas
  • connecticut sun
  • bengals cats for sale
  • tropical
  • dis quand reviendras-tu
  • vince young stats
  • bracelets
  • meetings
  • zara phillips wedding hat
  • picks
  • zara phillips engagement ring
  • mtv live
  • hp support quick test pro
  • chicago bears 08 record
  • vince young 3rd 30
  • hp support error 1005
  • new england patriots needs
  • snacks
  • elderly
  • hp support repair
  • connecticut education
  • medina
  • biscuits
  • hp support id
  • new england patriots 4
  • swat
  • dis 0 0.9
  • bengals youth jerseys
  • locator
  • winged
  • fontana
  • bengals for adoption
  • bengals insider
  • battleship kirishima
  • bengals kids jersey
  • dis poem
  • bengals 08 schedule
  • zara phillips fascinator
  • bea rims
  • chad ochocinco parents
  • gregg olsen books
  • bengals job fair
  • greg olsen vancouver
  • netzero
  • hp support helpline
  • cspan hosts
  • disloyaldis magazine
  • bengals qb situation
  • new england patriots 50
  • vince young redskins
  • search engines of the world
  • chicago bears expo 2011
  • new england patriots store
  • vince young to eagles
  • battleship 3d game
  • zara phillips yachtzara phillips zimbio
  • dolphins
  • search domains
  • randy moss combine results
  • randy moss college
  • adoption
  • connecticut food bank
  • bea spells a lot
  • chad ochocinco quotes video
  • walleye
  • tea party birthday
  • connecticut 7 day weather forecast
  • battleship excel
  • zara phillips dating
  • bengals hard knocks episode 1
  • chad ochocinco to detroit
  • lonely
  • tea party table settings
  • chad ochocinco bears
  • firefighter
  • search 990 finder
  • tea party texas
  • discjuggler
  • la ink bam margera
  • cspan goldman sachs hearingcspan history
  • compatible
  • freida pinto plastic surgery
  • ralphs
  • nice
  • chicago bears expo
  • bea exhibitors
  • mtv cartoons
  • hp support center
  • connecticut 104.1
  • recurring
  • tahoe
  • monterey
  • glade
  • search engines for kids
  • greg olsen dustin keller
  • c span kozol
  • la ink ink
  • la ink members
  • search engines watch
  • chicago bears tickets