Sudden
rise in prices of essential items have increased the difficulties
of the common man. Fruits, vegetables, milk, foodgrains and
other items of daily use have become costlier disturbing the
budget. Prices of edible oil too are touching new heights.
Inflation, all of a sudden, has gone up by.13 per cent. It's
a matter of great concern but till now the concerned departments
have not made the reasons for this inflation clear. The government
should find out its root cause that what could be the basic
elements behind inflation. In the coming days it is possible
that financial burden of the government would increase with
the Pay Commission recommendations. Its spiralling effect
could not be then denied. More or less the burden of this
pay hike may also would have to be borne by the common man.
Even after the situation going out of control the government
does not seem to be serious and taking remedial measures.
One of the major reasons for price hike of essential items
could be blackmarketing. The most important point is that
commercial and future trading in share sector should be stopped,
so that it may help in checking inflation. Moreso, looking
to the 40-50 per cent hike in prices in edible oils, necessary
control measures should be adopted. Edible oil may be imported
with a view to bring down the pressure at domestic level.
Even though the country has registered growth in economic
rates, yet its benefits are being negated due to sudden increase
in prices of essential commodities. Economic experts need
to pool their energy and come out with solutions for this
recurring problem.
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