This is the present scenario which India is trying to come out from.. What is this price rise? What is this Inflation? Why is everyone battling over it? What’s the way out for this problem? Let us take on these questions one by one.
Price rise can be explained as rise in the overall price of all commodities in the country. This in term may be called as inflation. Inflation may be defined as “Rise in the price of all commodities and fall in the value of money constantly over a period of time” Let me illustrate this with an example. Rise in the price may be a vegetable which was available for 10/- a KG is now available at 15/- a KG and fall in the value of money may be the amount of commodities which a unit of money is able to buy. i.e. here before for 10/- one KG of vegetable was available but now you need to shell out 15/- to get the same quantity of vegetable.
So when the inflation situation occurs government is forced to reduce it by taking few measures like rising taxes borrowing, reducing expenditures etc. Now let us take on what is Tax? Tax is the compulsory payment to be made by every citizen of a country for the services obtained by him there in. Government levies tax to generate revenue for its working. Govt uses this revenue in building infrastructure, building defense, developing the economy, uplifting the backward or BPL people etc. When the revenue collected by way of tax is not enough, it borrows from the public or even from other countries or from international funding bodies like IMF, WB etc. Now the question arises why the revenue is not enough? Is it because of the unnecessary facilities given to our so called public servants (which they are not), or because of unnecessary public expenditure, or is it because of hefty improper spending on sending rockets to moon, mars or say to the space? Do we really need this? Does this really have any developing effect on the poor condition of the large section of the people?
The govt of India for the third time in this year raised the prices of petrol, diesel and LPG. So the opposition party along with the left parties, protesting the government’s decision, called on a nationwide bandh on July 5th. Now my question is what is the benefit by calling a bandh? Does the price of the commodities or inflation come down by calling a day’s bandh? And taking advantage of this situation few anti-social elements or miscreants put forth their sadistic desires by destroying public properties and cause damages. And then on this day again the labour lost is lost. How many daily wage earners are deprived off a square meal on that day? How much production is lost on that day? Whom is the damage caused to? Government? Or Public including the miscreants? It is unfortunately to both. The damage caused due to a day’s bandh was whopping 10000crores. Are we really in a situation to afford this large sum of loss? Who is this protest against? Don’t you think this situation is adding insult to injury??
After taking on all these issues if we consider the ultimate question who is the sufferer it is none other than the naïve people that is we the consumers. So what is the way out of this? In my opinion the solution to this problem cannot be arrived at in a single day.. There must be long term planning which should be incorporated after a series of negotiations between the responsible people after seeking valuable advice of the well-known people.. Unnecessary facilities to our netas like big bungalows, free electricity, free telephone connection and Calling frequent poet’s seminar by spending crores of rupees, non benfitable space missions etc should be avoided and the revenue collected from the public and other sources should be properly invested in such a way that it either does not cause any loss to the government or it causes a real benefit to the public…
Price rise can be explained as rise in the overall price of all commodities in the country. This in term may be called as inflation. Inflation may be defined as “Rise in the price of all commodities and fall in the value of money constantly over a period of time” Let me illustrate this with an example. Rise in the price may be a vegetable which was available for 10/- a KG is now available at 15/- a KG and fall in the value of money may be the amount of commodities which a unit of money is able to buy. i.e. here before for 10/- one KG of vegetable was available but now you need to shell out 15/- to get the same quantity of vegetable.
So when the inflation situation occurs government is forced to reduce it by taking few measures like rising taxes borrowing, reducing expenditures etc. Now let us take on what is Tax? Tax is the compulsory payment to be made by every citizen of a country for the services obtained by him there in. Government levies tax to generate revenue for its working. Govt uses this revenue in building infrastructure, building defense, developing the economy, uplifting the backward or BPL people etc. When the revenue collected by way of tax is not enough, it borrows from the public or even from other countries or from international funding bodies like IMF, WB etc. Now the question arises why the revenue is not enough? Is it because of the unnecessary facilities given to our so called public servants (which they are not), or because of unnecessary public expenditure, or is it because of hefty improper spending on sending rockets to moon, mars or say to the space? Do we really need this? Does this really have any developing effect on the poor condition of the large section of the people?
The govt of India for the third time in this year raised the prices of petrol, diesel and LPG. So the opposition party along with the left parties, protesting the government’s decision, called on a nationwide bandh on July 5th. Now my question is what is the benefit by calling a bandh? Does the price of the commodities or inflation come down by calling a day’s bandh? And taking advantage of this situation few anti-social elements or miscreants put forth their sadistic desires by destroying public properties and cause damages. And then on this day again the labour lost is lost. How many daily wage earners are deprived off a square meal on that day? How much production is lost on that day? Whom is the damage caused to? Government? Or Public including the miscreants? It is unfortunately to both. The damage caused due to a day’s bandh was whopping 10000crores. Are we really in a situation to afford this large sum of loss? Who is this protest against? Don’t you think this situation is adding insult to injury??
After taking on all these issues if we consider the ultimate question who is the sufferer it is none other than the naïve people that is we the consumers. So what is the way out of this? In my opinion the solution to this problem cannot be arrived at in a single day.. There must be long term planning which should be incorporated after a series of negotiations between the responsible people after seeking valuable advice of the well-known people.. Unnecessary facilities to our netas like big bungalows, free electricity, free telephone connection and Calling frequent poet’s seminar by spending crores of rupees, non benfitable space missions etc should be avoided and the revenue collected from the public and other sources should be properly invested in such a way that it either does not cause any loss to the government or it causes a real benefit to the public…
