Sunday, August 26, 2012

Controlling the Anger of Public is the biggest challenge for Government:


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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