The negligent and corrupt UPA government is bent upon running the economy of country and creating unprecedented price rise in last 100 years in India.
If you visit business channels on TV for 'commodity talk' you will see greed and lust for money and profits showing its dirty face.According to these channels most of spices and other commodities are to get 5 to 20% hike in next 3-5 months period.
Add to this petrol price hike on cards next week.
The only thing happening in Man Mohan government rule is price rise .Period!
It is amazing to see the patience and apathy of Indian citizens as they are simply acting dumb and fail to react.
The price rise has already crossed 300% marks on average in various items and 500-700% in property prices.
It is amazing that despite rapid erosion of Indian rupee purchasing power in domestic market GOI is artificially holding dollar to rupee exchange rate.There is something really absurd and funny happening.
China has already realised its mistake to go for high growth rate obsession and is now tightening up the economic horses.There is going to be fall in demand in metals,fuels and tourism industry.
The bubble is about to bust in Europe.
Man Mohan government is knowingly ignoring price rise and refuses to take remedial measures.Instead every week a new dose of price rise comes in some item or other while PM and Montek come on media and give false assurances but go back and give another rice dose.The opan and naked dishonesty is stunning.They are simply fearless and arrogant.To hide price rise partially a new price index serios is beiung launched with 2005 base year.In last 6 months alone property has gone up 2 times further.
There are many reasons:
1.unrealistic growth rates
2.Increasing consumerism in country
3.Failure of control on services like education and health care
4.Huge auctions like 3G causing inflation as money comes from consumers finally.
5.Huge hikes in salaries of babudom,politicians and top CEOs and company executives to absurd levels.
6. Total; failure of GOI and state governments to boost agricultural productivity and stabilizing irrigations systems
7.Conversion of agriculture land for businesses
8. meaningless and hasty expansion of roads and other items out of which 30-40% is not required ot be done actually.
9.Futures trading in commodities online in commodity exchanges since last 10 years
10. Luxurious lifestyle adopted by bus and ministers
11.Rise in corruption due to lack of controls and hysteria create in country of India growth story and Indian shining.
12.reckless taxation by GOI to waste money in various schemes and extravaganza
13 surrender to FIIs and MNcs to come and reap huge returns on their investments
14. glamorisation of economy living in\china pri9cniples of harmonious living with nature
15.Automobile boom
16.hysteria create din property market by allowing speculation, huge stam,pt duties, allowing foreigners and NRis to buy land and houses in india and blackmony flow in property.Politicians and mafia grabbing lands and raising prices almost every month.
17 Allowing exports of agro items whereas India with 120 crores population hardly has anything surplus except a few items.
18.Protecting domestic industry by imposing duties to maintain high prices in country.
19. Failure to develop land in country
20. Poor expansion of electricity generation and judiciary( almost nil).
The above is very serious matter.It shows anti poor and anti national activity of UPA government and their total failure to govern the country and creating high inflation economy brainlessly.
Judiciary is already in pathetic condition and nothing done by Man Mohana government in years to bring radical changes in anything.
All that Man Mphan does is to read GDP growth rate figures every 15 days to mislead and fool masses.
India is no where in world trade and technology but we are called super power by these politicians and corrupt media.India's param supercomputer stands now where in world list.
India is passing through almost laissez faire state created by government themselves.
It is time to change this failed and corrupt and not the least arrogant pro capitalist government now.There are no bears to protest. Only bull run since Man Mohan has taken over bull run is in prices, cost ofliving,crimes ,corruption and deterioration of environment.
It has proven that at Top level of governance we need visionary leaders and not mere economist bureaucrats like Man Mohan,Montek,Chidambaram and so on.
Prof R K Gupta
IndiaFORCE
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