People are still finding solution for 9 cylinders per year. The shock of rising prices in petrol, diesel, and kerosene are still increasing day by day. Yet other bad news comes like past three years this year’s also people has to face inflation. This is going to weaken the economic growth. It gives us a clear cut idea that that our income did not rise but our expenses did. Government has an encouraging economic data that the outputs in factories, power plant, mines are increased by 8.2%. They say that the numbers will improve in the New Year but they may be slightly flattering. In the country like India were inflation is increasing day by day compared to the scam. In year 20011 and 2012 many scam came up such as Adarsh Scam, 2G Spectrum, Coalgate and many more. If we check our minister’s Swiss bank account they have the whole khazna in their account. It is a sour reality that in 2013 there will be hike in prices of food, partly caused by standards of living.
The government attributed persistent inflation to higher international crude prices, change in dietary pattern and revision in MSP on some of the essential commodities.
The government in the Budget undertook a number of measures like augmenting supply and improving storage and warehousing facility.
The Centre anticipates the RBI would adopt an accommodative monetary policy as inflationary pressures arising out of excess demand would ease.
The government expects inflation to moderate during the January- March quarter and March-end at 6.8-7 per cent.
Although it would still remain above the RBI’s comfort level of 5-6 per cent, a rate cut is on the anvil as RBI is expected to work towards boosting growth. Rise in food items has been a major source of high inflation mainly on account of persistent supply constraints in many protein items. In India Grains like wheat is wasted thye don’t have a place to store what why can’t Government exchange the wheat with Iraq and get crude oil from them.
The government in the Budget undertook a number of measures like augmenting supply and improving storage and warehousing facility.
The Centre anticipates the RBI would adopt an accommodative monetary policy as inflationary pressures arising out of excess demand would ease.
The government expects inflation to moderate during the January- March quarter and March-end at 6.8-7 per cent.
Although it would still remain above the RBI’s comfort level of 5-6 per cent, a rate cut is on the anvil as RBI is expected to work towards boosting growth. Rise in food items has been a major source of high inflation mainly on account of persistent supply constraints in many protein items. In India Grains like wheat is wasted thye don’t have a place to store what why can’t Government exchange the wheat with Iraq and get crude oil from them.
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