Inflation rate at 11.05 %, PM threatens to quit
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, but if I did , chances are i'd vote for the left itself 
Aces170
Forerunner
Actually related on a long shot, one of the major reasons for the increase in inflation is rise in fuel cost (not our domestic cost) but frm govt kitties, and maximum usage of fuel is not automobiles but for power generation. Nuclear power would make that redundant...
And why would anyone vote for left is beyond reason....
What have you been drinking Nikhil?? You talking such things against ur fav. madam gandhi? :O. Somebody pinch me.
I have no idea why you think I am in love the Congress. You keep talking about it, but I have no clue. Anyone who knows me knows that I hate all these POS. I want to use the choicest, filthiest words to describe them. Unfortunately, that will just get a ban from TE and nothing else will happen.
The prime minister and Chairman of the planning commission (Montek singh) are among the best people a country's economy can get. But there is no support from the states or from the congress' own ministers most of whom I am sure are least bothered and at sea about the situation (with the kind of education they have,no surprise).The left on the other hand only knows to stick to its so called 'Ideology'.Half the sessions in parliament end up in walkouts and slogan shouting. So nothing of real importance is ever discussed.
Its easy to blame it all on the PM, I'm still convinced he is one of the better PMs we've had for some time, but the rest of the govt just sucks, its not really his fault.
Its easy to blame it all on the PM, I'm still convinced he is one of the better PMs we've had for some time, but the rest of the govt just sucks, its not really his fault.
The current prime minister is good as a financial minister. There is no doubt regarding his tenure as finance minister during the 90s. He did do a lot of things for the country. But it ends there. As the PM he is just a puppet. No power, no discretion. Just a faithful follower of the "supreme ruler" of the Congress.shrey said:
Nikhil said:
^^ I'd bet most people here would like to do the same.....just that they would probably enjoy their day off when india goes to poll next year....... by the way talking about communists, here is an interesting blog that makes a few startling claims : CIA reveals High Treason by Indian Communists - Will Mssrs Basu, Karat and Yechury Respond ? | Offstumped
here's a portion of the text:
Although the facts mentioned are about events more than 45 years past, it won't be illogical to assume that the current generation of the communists are probably recieving "orders" from outside the borders. That would explain a lot about their attitude towards the nuke deal, and more importantly it would explain why they seem to be blocking almost every single reform that the government tries to bring in.
Inflation is just a symptom of the obvious fact that we as a nation are focussing too little on infrastructure and supply. India would have to have large scale infrastructure reforms upto the village levels, else this small phase of high growth that we saw over the past few years would be looked at as just a "bubble" in the future.
I was hearing a report on ndtv.......they showed with increase of 3 buks on diesel the total cost of increase in commodities should be not more than 25 to 75 paise per kg......but contrary to that producer hike the rate of commodities to 3 to 6 buks per kg.....
Actually the govt did very less in its first 3 years..when it had to deliver...at that time only rbi had given a report of huge hike in inflation....at that time only the govt should have reduced the subsidies.....now they taking extreme steps and it look like a very dire one.....if they have increased petrol prices 25 paise a month from start of their govt and same about 5 buks for lpg..atleast ppl shd have taken precaution and it wont have face such stuffs...
Actually the govt did very less in its first 3 years..when it had to deliver...at that time only rbi had given a report of huge hike in inflation....at that time only the govt should have reduced the subsidies.....now they taking extreme steps and it look like a very dire one.....if they have increased petrol prices 25 paise a month from start of their govt and same about 5 buks for lpg..atleast ppl shd have taken precaution and it wont have face such stuffs...
hammerhead
Discoverer
An appeal to all TE members. Please go and vote if you dont already. Hopefully things will be better.
I don't blame the govt. It's a global phenomenon. Rising oil prices fuelled by ever increasing demand from India and China + artificially created demand whenever there is unrest in Nigeria, dirty politics in Venezuela, people investing in oil stocks etc. Protests have been reported in Nepal, France, Spain, Brazil..almost all continents. There is no free lunch. Either the govt or the people have to shoulder the excess burden. The govt has done all it can for long enough now.
Also, companies are irrationally hiking prices of processed goods in order to preserve their already inflated profit margins in a relatively long running, economically healthy India. I don't think the govt can control this. Manufacturers should show some restraint.
W.r.t. the govt being bad, I think it's the best govt one could ask for w.r.t economic issues. They've had to calculate their every move and make right decisions for the people. Their governance is why we have had the economic success so far rather than focusing on silly issues. The left is like an opposition within the govt. Hell, the BJP just has to sit back and watch the fun. I don't think an early election would do anything for the inflation figures.
Now, w.r.t the nuclear deal, I also don't understand the Left's position on this deal. I think it's their inherent distrust in the U.S. and not so much the deal itself. Till now, they've not pinpointed what their problem is with the deal. (They keep saying that they have an issue with certain wordings and sections of the deal but never really identifying what they are. Typical old school mentality. Focus on the small things and never see the big picture.)
We really should be looking at the fact that we have woefully inadequate power generation capability in our country coupled with the fact that the demand is set to double in the next 15-20 years. We are being denied access to nuclear fuel along with nuclear technologies. This deal is good from the point of civilian benefit.
Also, companies are irrationally hiking prices of processed goods in order to preserve their already inflated profit margins in a relatively long running, economically healthy India. I don't think the govt can control this. Manufacturers should show some restraint.
W.r.t. the govt being bad, I think it's the best govt one could ask for w.r.t economic issues. They've had to calculate their every move and make right decisions for the people. Their governance is why we have had the economic success so far rather than focusing on silly issues. The left is like an opposition within the govt. Hell, the BJP just has to sit back and watch the fun. I don't think an early election would do anything for the inflation figures.
Now, w.r.t the nuclear deal, I also don't understand the Left's position on this deal. I think it's their inherent distrust in the U.S. and not so much the deal itself. Till now, they've not pinpointed what their problem is with the deal. (They keep saying that they have an issue with certain wordings and sections of the deal but never really identifying what they are. Typical old school mentality. Focus on the small things and never see the big picture.)
We really should be looking at the fact that we have woefully inadequate power generation capability in our country coupled with the fact that the demand is set to double in the next 15-20 years. We are being denied access to nuclear fuel along with nuclear technologies. This deal is good from the point of civilian benefit.
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