Hindu 21-7-2008

ON THE EDIT ORIAL OF “ H IN DU”:“FOCUS ON INFLATION” Dt;-21/07/2008 Last six months have been as hard as hammer on the pocket of a common man. Even devolped countries are on verge of a financial crunch. Also demand of some common commodities have raised due to this inflation to such an extent that the want is un manageable and hence some parts of the world are facing problems mirror to “civil war”. But a question arises that how suddenly this problem has become a major issue in a short span of time . IMF has advised all developed countries to keep this problem in top priority . But are they really doing it. It is not at all possible for them because their production is all based on the developing countries who are most hit of the “INFLATION”. Thus it just like taking care of them which is not affordable. Also a fact says that not developed countries but the developing countries are responsible. Countries like India who are a chief product ground ie they produce for other countries are stucked in their own politics. Global warming is though a definite reason for this but more over this politics is responsible. Mr Sharad Pawar the Agriculture minister of our country is also chairman of BCCI .The average salary of a minister is 30,000/- but of chairman of BCCI its uncountable. The recent IPL have earned more than 2000 cr Indian rupee for him. So its quite obvious where his inclination will be there. Thus how our agriculture was affected by his negligence. Due to a fact that all products have agro based raw materials thus justifies the point . And why we are forgetting our financial policies which have no clarity in itself and has nothing to bypass the problem. Our govt is just helpless in front of inflation. All measures are just proving to nothing but a waste. This is just because of the whole politics which is destroying the economic stability. When share markets were up our govt did not control The flow of money but checked on companies which were gaining and did not watched on the other side of coin and which caused sudden fall of market . This not even lowered the business but also the reserves. Hence a economy crash was sure . The govt blamed the companies for this. But truth is never hidden. And the truth is what we are seeing. Data says the in a span of 5 months the rate is growing almost in double figures. On 25 march it was 4.1%, on 25 may it was 6.25%, on 5 june 7% and on 10 july it came to staggering 11.91%. In a general perceptive a plate with 2 rotis , a cup of rice, a cup of dal , some vegis ,on 25 march costed almost 20/- while the same costed 37.80/On 10 july. This shows the impact on the pocket of a Indian By:SHANTANU JOSHI