Friday, September 2, 2011

Check price-rise with urgency


If the price rise and corruption are not checked with urgency by Dr. Manmohan Singh-led UPA Government, these two burning issues are bound to prove nemesis for it. Famous Gandhian and social activist Anna Hazare-led anti-corruption campaign, which has galvanised the people all over the country against corruption, forced the government to act on anti-graft Lokpal Bill efficiently and honestly.
The common people are hit hard by back-breaking price-rise and cancerous corruption. The corruption is eating into the vitality of the nation. Union Finance Minister Pranab Mukherjee has also described the food inflation entering into double digits as disturbing. Mr. Minister, you need not be disturbed because the price of food items and all other essential commodities have not risen today. The trend of rising prices has been set in motion that the people the poor people go hungry for the last two years. The people of this nation want to know if there is anything in the name of government in place here. What compulsion has it that prevents it from checking the price rise and corruption.
After gap of over five months, food inflation entered the double-digit zone at 10.05 pc for the week ended 20th Aug, with Finance Minister Pranab Mukherjee describing the trend as disturbing and experts saying RBI may go in for another rate hike.
The weekly food inflation, measured by Wholesale Price Index (WPI), went up from 9.80 percent on account of expensive onion, vegetables, fruits and protein-based items. The last time food inflation crossed 10 percent was in the week ended 12th March.

Now enough is enough. The sky-rocketing prices of all essential commodities are going up and up and no government measure has been seen on the ground to check them. The price rise is the issue that hurts directly to the people of all sections of society. So any sensible government in parliamentary democracy would treat the issue with all seriousness. What is use of economic policy that makes a few people rich the richer and vast majority of the people poorer. If this policy needs to be revisited to check the price rise, it must be done so. The total failure of the UPA government on price rise issue amply reflects that either its world class economic managers mismanages the economic policy or requires revisiting it. Price rise must be checked urgently.

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