The Finance Minister appears to be facing a tough time as the FM owing to the unbridled inflation with the WP Index reaching a two-year high of 6.58 per cent . This seems to be a fall-out of the spiraling prices of all commodities across the board. In fact, the Aam admi (Ordinary person) is the real victim of the shooting prices of the essential commodities. The volatile situation of the supply shortage and the spiraling inflation are artificially created by the cartel of the middlemen whose sole objective is to create more and more illegal profit. There have been some concerted and coordinated efforts by some business men to create artificial scarcity on some items selectively and raise the prices. They have chosen to select the items one by one: pulses, edible oils, onion, cereals, milk powder and so on. Someone somewhere in the supply chain chose the item and neatly pocketed hefty profits on selected commodities causing little public out cry as the price rise was not felt across the board. But on a weighted average on a year to year basis they have achieved whatever they have targeted. With less public opprobrium they have inflicted the impact in a queer pattern silently. Interestingly, the manufacturers and the poor farmers, who chose to commit rather die in debt instead of living in debt, did not get the benefit out of the price rise. The artful Dalals (middlemen) have neatly pocketed huge profits without much effort.
The centre must take all adequate measures to arrest the price rise instead of leaving the control to the market forces who exploit the system to the tilt.
1 comment:
Majority of the Indian public never bother about inflation. Every year we come across acute shortage of some of the essential commodities in cyclic order. Our media is more concerned about the private lives of film stars, glamorising commercial artists like Shilpa Shetty, Aishwarya Rai, and their tribes.
The said article is wrongly named as unbridled inflation. This is not inflation but unethical commerical practice of hoarding and creating artificial scarcity. The Indian media is quite capable to handle this issue and create greater flow of awareness among the Indian masses. But who bothers for the haves not. The private lives of the film stars, cricketeers, and criminal politicians are more lucrative for the media because we have population of the largest bloody fools of the world.
Post a Comment