The comment Indian inflation and RBI
How RBI alone can contain inflation? Here in Indian context the meaning of inflation does not straight away fit into the attributes of inflation as the economic meaning suggests..Here scarcity is prevalent amidst plenitude and rich persist among the poorest. And the resources are resoundingly rich whereas their utility is pocketed by very few of the very governing the people. The Independent India spends a rupee to lay a road where as the road takes only 00.11 part of it at the most. A project is built by the government which if built by people truthfully using their love and care takes a twentieth of its cost. In an economy if officials and politicians are capable of mud slinging with connotations using thugs and pindaris do we need to doubt that they are (THE THUGS AND PINDARIS) extinct? No they are alive and awake looting all the major tenders and sharing the public money but and saving the same in foreign banks besides making MAHALS OF erstwhile MAHARAJAS. The serpent is eating the riches with all its thousand heads spewing the venom where ever it is opposed. Inflation ? It is inflamation. Stagnation? It is the slums and grime making the mountains of corruption amidst civility. from: Vidisamaringanti Posted on: Jun 18, 2011 at 15:16 IST
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