The IMF and controlling US are spreading a scary and alrming situation with ulterior motives, as US is facing a severe recession and it is worsening day by day. We in India have to worry about the situation here. The harvest has been good and the procurement of wheat has far exceeded the targets set by Govt. and the media showed so much grains piled up in the open covered by tarpaulins- for want of space in godowns- in Punjab. The monsoon too has so far been fairly good all over giving the rice crops too a bumper harvest. What is required now is proper management of storage, transport and distribution of the foodgrains all over the Country, particularly to BPL families under PDS, perhaps by subsidising the rates. Already many State Govts. have declared " Pre-Election sops of supplying Rice at Rs.2 a KG." a totally impractical and uneconomical move. 2. In case of escalating crude prices, the UPA is also responsible for the cascading effect in the market rates of petrol, of which over 52% consist of levies by Centre and States. What the Govt. getting ad valorem has shot through the roof when crude rose from $40 to $140 now. The minimum Govt. should have done is to abolish duties on the increase to maintain lower prices. And who pays for petrol? The personal cars and two wheelers, who do not get any petrol allowance or free rides? Over 55% of the petrol consumed by Govt./Defence as well as all departments. 25% goes to all PSU- where petrol is used without any restriction. Business houses and industries take petrol in their expense account. All of these groups would consume petrol even it rises above Rs.100 in the same quantity The sufferers are the two wheelers and personal cars- retired and senior citizens with limited pensions who consume perhaps 3%-5% of the total sales. Should the Govt. penalise this 3-5% eveme by escalating the fuel prices? Should not someone ask for the petrol consumption pattern in the Country?
--- On Wed, 7/2/08, anindita dey <[EMAIL PROTECTED]> wrote: From: anindita dey <[EMAIL PROTECTED]> Subject: [ =>> Jharkhand <<= ] IMF warns of economic 'tipping point'! What's our preparedness? To: "Jharkhand Group" <[email protected]> Date: Wednesday, July 2, 2008, 12:42 PM Jharkhand Forum | Jharkhand.org. in/forum The IMF has warned of economic slowdown and famine in poorer countries. But will the effect be limited to poorer countries? Can we remain isolated in the event of such scenario? In today’s world, certainly not. Next comes the question--what is our preparedness in the event of such scenario? And so, to the members of this esteemed Group, let me pose this question: In the face of above scenario where should we channelise our energy of public discussion? Can we sleep in peace? Should we only engage ourselves in petty politics? Can't we engage in constructive discussion for drawing attention of those who matters towards this dangerous scenario? Can’t we suggest some action points? Thanks and regards, Mrs. Anindita Dey IMF warns of economic 'tipping point'! The International Monetary Fund (IMF) is warning that some countries are at what it calls "a tipping point" because of rocketing oil and food prices. The IMF is warning that if food prices rise further and oil prices stay the same, some governments will not be able to feed their people and maintain stable economies. A new report shows poorer countries are having to pay out billions of dollars extra for imported oil and foodstuffs. However, Thomas Helbling from the IMF's research department says other countries, particularly commodity exporters, are benefiting from the higher prices. "Australia and New Zealand, where particularly in the case of Australia, there have been tremendous terms of trade gains over the last few years," he said. The IMF says it is ready to help countries in need. Courtesy: ABC News (ABC News, Kim Landers, Washington correspondent, North America )
