Beating around the wrong bush
Submitted by prashant on Fri, 11/04/2011 - 03:56
Scene 1:
- RBI changed Repo rate and CRR
supposedly to contain inflation
Scene 2:
- Petrol price increased by 1.85/-
- Diesel and LPG prices all set to be increased
- Govt not ready to give away part of tax being collected from sale of Petro-products, which actually is a big chunk and may impact whole economy immediately
- Food grains being wasted in a country where many go to bed without food in their abdomen and food rate going sky high
Scene 3:
- Inflation increased from 9.x% to 12.x%
- Food inflation leading the race towards North
Isn't the govt beating around the bush that too the wrong one?
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