PRICE-RISE This can be one topic in which I do not have to consider before cranking out articles. The latest price rise in the essential commodities has damage the common guy where this can hurt the most. The values of red onion, tomatoes, pulses have skyrocketed which adds flavor to the or else normal way of living of below average Indian.
These statement can be described as sarcasm itself, but its essential to show the severe situation that this normal people of this country are facing in the regular time.
The prices of signal which is practically a staple diet for the majority of of the nation has risen up to a large extent from the last 2 years. This might be due to less area below production to get pulses in country or perhaps less every hectare produce of signal or development in demand. But the apathy is that there is no supporting government policy which could have got helped India to raise the pulses development by giving more incentives towards the farmers growing pulses, lowering loses to the intermediaries.
Another benefit of higher pulses development is it usually takes less of nitrogenous manures and is important for regular wheat or grain rice fields. The prices of onion has risen almost 300% or even more in the last month. The initially reason can be inefficient government policy that do not effectively foresee demand supply circumstances, since onions are perishable quantities. The recent unseasonal rains in Nasik location has destroyed 10% in the crops, however the segment of price rise cannot be substantiated. The main culprit the following is no control over the last calf of supply chain my spouse and i. retailers, they may be having the income margin of more than 50%. They may be speculating on the deficient source and possessing the common guy on ransom. Moreover in India qualified was ceased at a much later level, which triggered the increase in rates for the first example. The rest as well as the last reason which is common to all, We would discuss in the later portion of the article. There may be another factor which is for play in high pumpiing rates through the commodities and it is ever increasing rates of gas and diesel.
The common plea given by the federal government to the people of India during every level increase is definitely rising worldwide crude prices, But they will need to first solution why there may be double taxation by center and state on sale of petrol and diesel. My personal first issue to the respective governments is why cannot these duties be reduced, to ensure that atleast the transportation price for the most popular commodities can be reduced. At this point let us come to the contentious issue which is common to all the commodities price rise and bone of contention between the government and opposition functions that is ahead trading.
Now some people will certainly criticize myself of being aware of very little of the commodity trading, but my personal only level is why do you need speculative trading on the important commodities, at the time you could have this sort of trading in nearly each and every finance motor vehicle like fairness shares, money exchanges etc . The forward trading increases the speculation in markets and people who are really not really in the source chain of such commodities enter into it and unnecessarily interferes with the sequence leading to variation in typical price mechanism of these items.
Similarly prices of milk and other products could be reviewed singly, but I just want to make a point that a concerted significant action is essential for working the situation as it is hurting the building blocks of common man economics in India. All the biceps and triceps of government machines, NGO’s, common man should make an effort to discuss this problem and devise solutions which are sensible and pragmatic in nature. Well My spouse and i am performing my part by composing and posting this article on net, to ensure that our community is more informed on the topic which is flaming in India currently.
