India’s InflationWoes

February 23, 2007

Despite calculating Inflation thru all worng methods to show it minimum on paper, India’s EFFICIENT govt ‘managed’ to achieve inflation rates higher than 6% which is horribly bad for People. For economy, there is no need to discuss since everything about it is bad. So, after one month of rampant price rise, the leaders felt the heat. They were so sure that the flawed methods of calculating inflation will never let the true inflation rate come out in public. But now it has come so they want START the BLAME GAME. First the Finance Minister says there is lot of Liquidity in market. So he asks RBI, what can be done? RBI as usual does not have any wisdom and as usual, said, we’ll hike interest rates on home loans and personal loans and blah blah…How many times in past year they have increase home loan rates, even thye wont remember. Since they wont pay out from their pocket. It has become a fashion in Indian Financial system to TAX the Middle class. The Upper elite class is not taxed since they pay bribes to these ministers and there is not question of Taxing the poor.

Anyways so then they thought inflation wud be controlled. But no. It went up. So now what? They start thinking OF innovative ways. They cud not find one, coz there is none. The FM then told PM Manmohan Singh that I cant stop the hoarding of the articles which is a State subject. What a crap. The biggest Bottleneck between the ppl and food items is not the Hoarders. It is the Railways.

We have heard a lot of great stories abt Railways’ revival. Minister went to IIM with his CASE STUDY. Crap n only Crap is what we should call it. Generally all the vegetables were being ferried in trucks given the POOREST track record of Railways in this. But since the competion from trucks/Road transport grew, Railways lost market share. Then the real action came and Railways influenced the Road Transport Ministry to Cut the maximum limit which Trucks can load in one go. So the cost of ferrying in trucks went miles high and railways gained some market share back…But all at the cost of poor common man and middle class. So when u read the PR campaign by Lalu that he has done this done that, plz check how much up ur budget has gone up. Indian Media as I always say, SUCKS!!! Bastards of Top order are filling up Newspapers and Media channels who get gifts at home for glorifying the looters.

Another factor which has given Inflation a Northward Push is OUR OWN commodity Exchange. I dont want to question the wisdom of P Chidambaram and Manmohan Singh and Montek Singh Ahluwalia but I can close my eyes and predict the biggest reason for price rise as the Future Trading in commodities. Why the hell these Minsiters/Officials are playing with fire here. Do we really need a commodity exchange? We are just sufficient in terms of food. (the year crop fails we import)In Gold and all, we are biggest importers. Petroleum, is nowhere in India. Then why let the looters of Public play with what is essential for common man. Exchanges like this make sense in London and NY where they have huge reserves of everything for any contingency. We are just a new born baby in Emerging economies and we started the worst trading of its kind. The gamblers win crores and who pays? We, the common man.

But who will teach PC, MS or MSA? Bloody boasting abt the economy growth is the biggest farce of century. Even if nobody is running this country, it will grow at more than 8%. But the question is that what is that growth made up of? 6% inflation has to be subtracted from growth rate only then we realize what was the real rate. If this growth story is made to attract Foreign Investments, plz keep it away from the dogs of Indian media who get this chance to BREAK NEWS.

My message to top running (or not) this country is that please look at India as a developing nation, let all hell let loose to grow like China is doing. We can start these commodities trading when India has full godowns of wheat n rice for public. And Mr.La Loo, you can fool your poor villagers (coz u never let them go to school n never built one school) but not me n those who understood ur farce the very first day. Bloody improve ur image in front of Villagers by working and not in IIM-A coz we all know u are a BASTARD.

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Dear Sir, 

It is indeed an honor that one of the most Respected Indians is reading my letter today. It’s been a long time that I was mulling about writing to you, but as you know, we IT people are busy (without work, sometimes) and under observation in offices. So, I kept on postponing this communication [I hope it does not end up being one way communication]

What prompted me to write to you was a piece written by you in Indian Express that IT alone would not be able to make much difference. All sectors including Manufacturing and Agriculture have to come together to take the nation further. I thought that see this person, how much he is concerned about
India. Even now after establishing Infy in global bigwigs, he is concerned about
India and Indian economy and not gone to US in a cozy Villa or Farmhouse.
I agree with you, not less than my own self. You are right (as always). I see you as a Leader, a visionary (not like President Kalam. who wrote India 2020 and kept quite). I admire you and follow what you say. Being ethical, honest, getting up early, sincere to work etc is what I have learnt from you only. But as they say, love brings hate too; I see some drawbacks in my ideal personality (that is YOU) which came to my mind coz of long observation of you, your words and actions.In you, I (and many of my friends) see a person who should be at the helm of affairs in this country. You should be there to guide this country of highly ill-informed, mislead, misjudged, ill-treated, illiterate and many more Ill’s. We keep thinking about how things should be. We keep on dreaming how we wud have GREAT NATION to live in. I always get frustrated to learn that some politician did this, some criminal did that, Courts are slow, Police is corrupt, System is corrupt, public property was burnt, girls were burnt alive in a bus and many more. I feel like taking a gun and shooting all those who are at fault. Sometimes I get frustrated so much that I feel like killing myself. No, not coz I have suffered. Coz I am not able to do anything for my country. I wish you cud understand how much energy flows up n down in this age (you might have observed it in your young age I believe). But unfortunately, if I do something like that, I would be declared to be a Terrorist, a tyrant. Nobody knows me so I can’t make much difference although I want to. You know the system well. You are also sad about it, you have also thought creatively/out of the box (as u say) to break all the system-created hurdles in our way to prosperity (a 2 Billion Co is enough of example).But somewhere I smell a “no-no” attitude in your thinking and actions. You want the system to change but you don’t want to join the fight. You want to clean the house but want to avoid the dirt catching
your hands. That is what frustrates me even more. If you could come in front of us, to lead the youth, we want to bring down the current day corrupt ppl from every place in system. Isn’t it too much for you yet? Aren’t you fed up of bandhs, killings in name of religions, crimes, lootings in every aspect, rising prices of everything Humans require.
We need someone whom ppl know, respect, admire to come in front and take a lead. I am not saying fight elections or something. But please be active to some extent. It was sad to see that NRN refused publicly (in a meeting with Pronnoy Roy and Bill Gates) to enter politics. Sir, you drive simple car and live in simple houses just because youth will follow you and it will bring down the greed and all. Then why not take active part in politics to set the pace among youth. You need not say anything about Lalu, Jayalalitha,Mulayam or anyone (considering Infy’s Business Interest). But sir, you can teach the 50000 workforce of Infy to take interest in this country’s system. I know you can convince all of them. If you start, everyone (including Premji, Shiv Nadar and everyone) will start something on these lines. We need people to know the issues of country. If you are scared of speaking in public, do it internally in Infy and classify the Speeches/Mailers.
Do something sir!!! It is getting late and late by everyday.

Waiting for your reply through your actions,

Sincerely,

An Admirer