Since 2002 prices are north bound without a break.First in last phase of NDA misrule and Indian shining farce and later on in regime of Man Mohana history's one of the worst and biggest flop PMs in world.He has turned out to be a retiring,pension holder in PM position.Another unique case in world.
The first thing to control racing away prices is to sack ManMohan Singh and his team urgently.Otherwise it will prove fatal for Congress and Indian economy as a whole in coming years.The early this incompetent team goes the better. People should stop being impressed by foolish praises sung by obliging media for MM Singh and his colleagues as being great experts.They are not even an expert.Just old time babus. Why prices are increasing since last 8 years almost? there are several reasons for it 1.false Indian shining and india super power campaign continued creating greed and speculation in country and giving handle to MNCs and mafia to loot the economy 2.Too much and too fast development allowed by government through greedy and corrupt private sector companies and builders etc.A poor and third rate country like Indian with corrupt and dishonest bureaucracy and judiciary should not go that fast 3.Reckless taxation in country in name of welfare and development filling coffers of government which is being spent irrationally and for Minister and baby luxury 4.Rising property prices in country (4-5 times in 8 years) which has increased business risk and cost in everything.Even to set up one small vegetable shop in tier III city you need investment of Rs 10 lacs or rental of rs 10000 to 15000 PM.This is atrocious.Obviously Prices have to go up as margins are jacked up by every vendor and contractor. 5.The stupid and already failed retail sector hysteria created in country 6.reckless taxation by states and stamp duties thus continuing generation of black money.India has only 40-50% reported GDP in books.This is very serious matter.Only middle class is made to play moe and more taxes as those who actually earn millions dont even pay half and enjoy maximum infrastructure.I dont know what this man called economics expert is doing .is he so ignorant or sleeping or a simple dud? 7.Hysteria created by Vth pay commission directly having effect on prices.Despite 40% to 100% pay revisions ,corruption has gone up and not down This is human nature.If you get more beautiful and rich wife ,you dont stop having extra marital affairs or ogling at women.In fact your standards of expectation goes up/That is what has happened in corruption rates 8.No fear of law and punishment in india because of non existent and fraudulent ineffective judiciary.More criminal you are the better you are under indirect protection of our so called great judicial system. 9.Doling out money to people for votes without generating economic value thus raising spending power without wealth creation in society 10.Trying to copy opulence of countries like USA,Germany and japan. 11.Following foolishly half baked half understood systems of USA governance and economics. In short India needs to step down the accelerator and review whole thing afresh,aiming at reduction of taxes, stop Indian great power campaign, improve role of state agencies in development and improvement of distribution mechanism.We should aim at 5-6 % GDP growth rate and make laws to reduce corruption.Taxes should be halved immediately including the stupid service tax unleashed by Chidambaram. It is time Governments at centre and state act before it is too late for this badly managed,filthy and corrupt country. India must embark on price reduction phase now for next 10 years to undo the damage and improve distribution of services,product and wealth creation mechanism.We need socialist capitalism and not naked capitalism.We also need more active and balancing role by public sector and state development and regulating agencies to arrest greed of private sector and loot going on like in property market and other commodities. Who benefits from property prizes.Worthless,kaamchor landlords and politicians and greedy inefficient builder mafia.That is all.But it has direct impact on prices and devalues currency heavily.Indian property market has exceeded that in New York,London and Tokyo.This is simply absurd.Manmohan is answerable to this and must explain his failure.Today India has virtually no law and order and governance has completely failed.It is free for all and may take 10 more years to mess up the already visible hysteria,recklessness and unequal distribution of income.Judicial system must be doubled in size urgently and laws simplified and made victim oriented and not crminals oriented. Any well meaning team of 5-6 persons can easily implement what is state above.But is Congress really honest and interested? I dont think so. Prof R K Gupta IndiaFORCE
