With series of scams the UPA-2 Government
is facing public anger and the rising inflation puts more oil in this flame. It
is surprising that BJP the biggest opposition party, instead of making good use
of this opportunity, started quarrelling among them with L K Advani’s controversial
blog The IAC and team Anna already lost the last hope of public to have some
charisma ending these astronomical high prices of commodities. The real problem
of this anger is the high prices. A common man can’t afford house in city due
to triple rates in last 3 years so adoption for rent house or shifting to
cheaper place far from center point of city causes high traveling cost and time
losses again adds anger. The vegetable and food prices are rising weekly.
However the wages and salaries are not inflated in such a speed. The subsidy on
fuels has been removed partly and make a record hikes in fuel prices. Again
this inflated the transportation costs. The policy of privatization of Road by
BOT option adds toll burden on public again price hike. So the basic needs of Housing,
food, traveling are costing tremendously higher than they actual should be and
brings frustration to the common man. The entry of private player in power
sector was made with an ambition to have fair competition and early
construction of power projects to meet our deficit of 18 GiggaWatts. However
neither there was fare game nor any players has made assured supply of
electricity on contrary the poorest transmission and distribution made nothing
in rise of the electricity deficit . This theft cost simply recovered from common
man by CEC by hiking prices. The central bank on the name of controlling inflation
and liquidity in market continued the hikes in interest rates. So nothing is going
down in this country. Even one want to suicide the pesticides prices are also Quadra
poled in last 3 years.
Now
the UPA-2 is preparing for 2014 election for which Sonia Gandhi wants new
schemes to be launched for appealing voters and our new Chief Economic Adviser
wants least interference of Government in Markets. The Harvard graduate finmin P
Chidambram is on toes weather to save this nation from this inflation monster
or to increase the deficit for upcoming elections so they have chosen the best
path to do nothing. People were suppoting Baba and Anna because they have filmy
hope that one day a revolution will soon happen ending this high price monster,
however instead of doing fast we must now unite and put up a firm plan to end
this.
We
need reforms is a common dialogue and our paid columnist like Chetan Bhagat are
shouting this from long ago. However I will say we need plan for implementation
of policies and their feedback control, review, reconciliation mechanism. The reforms
in Natural Resource Policy Allocation will immediately ease the burden. The reforms
in fuel pricing control, profit sharing in State own resources and fixation of fair
prices is a need of hour. However for this a healthy discussion and policy
formation is to be carried out on fast track basis in our parliament instead of
adjourning. Shall we work on the problems instead of fasting?
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