Thursday, January 6, 2011

Check the rising inflation

Since the UPA-2 came back to power, inflation is rising unchecked. The
ruling Congress party never tires of claiming to be the champion of Aam
Aadmi on hand and sky-rocketing price of food tems and other essential
commodities are breaking their back on the other. The weekly inflation
figure is the highest during the past one year.Soaring onion and other
vegetables’ prices led to the sharp rise in inflation at 18.32 per cent for
the week that ended on Christmas, up from 14.44 per cent recorded in the
previous week.This is the economic condition of the nation when it is
headed by world-renowned economists Prime Minister Dr. Manmohan
Singh and the Planning Commission Deputy Chairman Montek Singh
Ahluwalia. Union Finance Minister Pranab Mukherjee and Home Minister P
Chidambaram have expressed cooncern over the rising inflation but says
that the government has no magic wand to control the inflation. The UPA
government and its ministers should the know that the rising trend in
inflation is not of a day’s development, it appears to have been left by
them due to their efficiency and complacency.. It has been rising for the
last two years and they have completely failed to check it. Prime Minister Dr. Manmohan Singh and other ministers concerned with
economic management of the government keep saying that inflation
would come dowm in two to three months. But all their promises on price
rise front have fallen flat. The sky-rocking prices of green vegetables and
food items have made the poor people difficult to fill their stomach. UPA government has not acted firmly ever to bring the inflation down.
Contrary to this, they have increased petroleum products a number of
time which has made cascading lmpact on prices of all essential
copmmodities. The prices of onions have gone so high that the poor
people can not afford to purchase and eat them with bread and salt,
which is the bere necessity for them. Congress President and UPA Chairperson must intervene immediately
and pressurise the government to act on price rise front . She must ask
Prime Minister Dr. Manmohan Singh and Deputy Chairman of Planning
Commission Montek Singh Ahluwalia that it is India and not the US
whose captalistic economic policy they are following blindly. They must
know that the economic reforms they are carrying forward blindly will be
of no use if their benefits do not reach poorest of the poor . The food
inflation at 18.32 per cent for the week ended 25th December should be
of grave concern for the government.

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