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.