Inflation Rate Inflation has registered a 13-year high of 11.05 per cent growth rate on Friday. It is the direct result of rise in the prices of petrol, diesel and cooking gas. The government is in its last year of power and the elections are nearing and Inflation has added more to the problems of the government. Government had to increase the prices of petrol, diesel and cooking gas because the prices of fuel in the international market had increased a lot. The Indian oil companies were left with very low cash flows and the normal fuel supply could have been affected because of their financial problems. Wire money online to India with Xoom.com for as low as $4.99. WPI Government had announced the hike in the prices of petrol, diesel and cooking gas on June 4 that put the pressure on the price line pushing the inflation to the height within the week though the Wholesale Price Index for food articles had actually declined 1.1 during the week. The Commerce and Industry minister released the latest provisional inflation data in New Delhi. He said that in the first week of June WPI for light diesel oil had gone up 21 per cent, LPG had gone up 20 percent, furnace oil 15 percent petrol 11 percent and high speed diesel 10 percent. Possibilities Rise in oil prices in the International market fueled the spiraling inflation and there is a possibility that the global commodity and crude oil prices will ease by the October month of the year. It is said that Government’s and Reserve Bank’s monetary and fiscal measures will begin to impact inflation with a lagged effect. Good monsoon predictions are also a positive sign. Effected Rising prices have put a disastrous effect on the living standards of middle class and the poor. It is the poor for whom the life has become more difficult. Prices not of crude oil but all the essential commodities have risen. Rise in steel and cement prices has badly affected the construction industry. Though government policies are also responsible for it, inflation is a global phenomenon and the government is trying its best to insulate the poor.
Archive for June 20th, 2008
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Floods in North East India
June 20th, 2008 
krishna Floods Devastating floods in the Eastern states of Indian has claimed more than hundred lives and have taken lakhs of people under its grip and lakhs of people are said to be marooned by the floodwaters. Following five days of incessant rain Orissa has been hit by floods with rivers breaching their banks. Thousands of People are going without food as the bad weather conditions has made it impossible to the administration to reach the affected people. Hundreds of villages of Balasore district of Orissa have been cut of from rest of the country and roads and communication has been disrupted. Assam In Assam the state government and the Power firm have locked horns over the cause of who should take responsibility and pay the compensation to the affected people. Assam Chief Minister had blamed the Power firm NEEPCO for the “excess water released from Ranganadi dam without prior warning” that caused the floods. The state government has ordered an inquiry to find out the lapses on the part of the power firm. But on the other hand power firm NEEPCO has refused to own up any responsibility saying that the floods were caused by nothing else but ‘nature’s fury’. Rescue Operations All the state governments are trying their best to deal with the situation in spite of adverse weather conditions. Though large number of boats, hundreds of personals has been deployed in the flood affected areas they are unable to reach to the thousands of victims due to the disruptions of roads and the water currents. Army jawans and air force personal have been pressed into action to rescue and provide relief to thousands of people. Meteorological department has predicted heavy to very heavy rainfalls in the reason and in the upper catchment areas of Orissa that will worsen the situation. Floods play havoc in some of the states of India every year and thousands of people get displaced. Though state governments take steps to counter the situation caused by floods, but that is not the solution. It is the responsibility of the Government as well as of the common people, to remain ready in advance to face such situations. This is a problem that is caused by nature and it can be handled only by helping the people. Though people on the initiative of government had made arrangements for them to face any grim situation, this [...]
Bal Thackeray’s ‘Hindu Suicide Squad’
June 20th, 2008 krishna Controversy Shiv Sena supremo created another controversy on Wednesday by advocating the creation of “Hindu suicide squads” to take on the Islamic extremists. Thackeray’s remarks in the party mouthpiece ‘Saamne’ have appeared after the arrest of members of a Hindu religious sect for their involvement in setting of explosives in a play house where a Marathi drama was played. Thackeray hailed their spirit but criticized the bomb makers saying that their act resulted in injuring seven Hindus.” When I heard of Hindu’s making bombs, I was happy but the fact that there were used to injure Hindus made me feel ashamed of them” (Saamne). Remarks Both the arrested persons were the members of an organization named Hindu Jangruti Samiti. They had planted the bombs to protest the portrayal of Hindus in the Marathi play and in opposition of the Hindi movie ‘Jodha Akbar’. Thackeray hailed the bomb makers by saying,” The only way Islamic terror can be tackled was by unleashing Hindu terror. Hindu society can be assured safety only by setting up Hindu suicide squads”. He said that “The threat of Islamic terror in India is rising. It is time to counter the same with Hindu terror. Hindu suicide squads should be readied to ensure existence of Hindu society and to protect the nation” (Saamne). Criticism His remarks immediately drew sharp criticism from the BJP, Congress and RSS. BJP Vice President Venkaiah said that people cannot take law into their hands. RSS reacted by saying that Hindu scriptures did not endorse terrorist activities. CPI reacted by saying that Mr. Thackeray should not attempt to instigate communal strife. Public View Shiv Sena has its base in Maharashtra that it is slowly and steadily loosing. It is history of Bal Thackeray & Company to create controversies. If the way suggested by him is followed by the Hindus then Indian will become a terrorist state. Militants are only militants they neither can become religious persons nor patriots. By making such remarks he is just trying to woo his Hindu voters. Shiv Sena is loosing its ground because of its religion based policies. Terrorism is not only a political problem. Social and economic problems also force some people to choose the way that leads them nowhere. Such People can be brought to the main stream even without the use of force. Such kind of remarks, only divide the people and harm [...]
