Showing posts with label Inflation. Show all posts
Showing posts with label Inflation. Show all posts

Bharat Bandh (All India Strike)

Yesterday All India strike (Bharat Bandh) called by some political parties in view of increased prices of petrol and diesel by government and rising inflation has created problem for many peoples. I am going to hospital at Delhi from Faridabad as my mother has been admitted for surgery but could not reach on time because of closed roads at Khanpur, Delhi and reached late and at that time i am thinking how many peoples like me are facing this situation also is the way has been given to ambulance, fire service vehicles etc.

Some major questions regarding strike are :-

1. What is outcome of Strike?

2. Did it bring down the inflation?

3. How much property damaged due to strike?

4. What amount of losses it have created for nation it terms of production, GDP etc.?

5. Will all the employees (private sector especially) who are hand to mouth will get salary for the day because they could not reach office due to strike?

6. What impact this strike has created in the mind of international community?

ARE YOU IN FAVOUR OF STRIKE?

Petrol & Diesel Prices

Today central government is going to decide on hike in rates of Petrol and Diesel which could be approximately Rs.3.50 (Rs. Three and half) per litre. If the rates of petrol and diesel are increased then inflation which is already very high will touch new peaks and leads to more burdened life for common people because when you increase petrol and diesel price the cost of transport increase and all sectors bears burns of it. The cost of vegetables (potato, tomato, onion, Brinjal, Ladyfinger, etc.) food items (wheat, pulses, rice, etc.) which automatically increase and may be double after 15 days.

Common men is in hope that good monsoon will give him some relief by bringing down the inflation but this initiative of government has crushed all hopes of common man. Government is saying that the move is being taken as a effort to save oil companies which are losing crores of rupees everyday due to increase in international prices of crude oil. Also government is planning to change the control mechanism of fuel prices and the petroleum product prices will go according to international prices in coming future, if it happens it may possible that in October you may have to buy to petrol @Rs70-75 per litre and pulses @Rs.100-120 per kg. and vegetables prices can not estimated.

I think government should increase the price of petrol in order to save oil companies but keeping in mind the already increased inflation and dying common man.

The Fuel Price control mechanism should be as going previously.

VVIP Convoy on Roads

Many times we seen that traffic is stopped on roads as some VIP or VVIP convoy is about to cross the road, first a pilot car comes to check security and after that whole group of cars passes and this whole process takes enough time to create big traffic jam. Today I seen a video at NDTV.com that BUS had been included in the fleet of Indian President Smt. Pratibha Patil and the initiative had been taken by Madam President herself to reduce the expenses and less burden for public. It will not only reduce the expenses of VVIP Convoy but also reduce the consumption of petrol and diesel on roads during traffic jams. If all other VVIP like Prime Minister, Opposition Leader, Cabinet Minister, State Ministers , Chief Ministers etc. On any given day if 150 VVIP moves on roads and approx. 2000 vehicles stopped for say 2 minutes on average for every convoy, then the wastage of petrol will be 225 ml. per vehicle and total wastage is 450 Litre for every VVIP.

For 150 VVIP it will be 67500 litre and cost of 67500 litre petrol (40%) and diesel (60%) is Rs.1336500 + Rs.1350000 = Rs.2686500 Wastage of One Day.

Jam in minutes

Vehicles stopped

Wastage per vehicle

Total wastage

No. of VVIP*

Total fuel wastage per day

Total amount of wastage per day

Wastage in 1 year

2

2000

225 ml.

450 litre

150

67500

Per day fuel Wastage for one VVIP

Approx. no. of VVIP moving

Total fuel wastage in a day

Total cost of per day wastage (60% diesel + 40% petrol)

450 litre

150

67500

2686500

And if this much of oil is saved regularly then it will also helpful in reducing prices of oil according to demand & supply rule which furthers brings down prices of other things.

Whole year wastage will be approx. Rs. 100 Crore which can be saved easily and other facts like burden to public will be also less if some more means and ways looked into.

All figures are approximate and do not indicate anything in particular.

VVIP Convoy on Roads

Many times we seen that traffic is stopped on roads as some VIP or VVIP convoy is about to cross the road, first a pilot car comes to check security and after that whole group of cars passes and this whole process takes enough time to create big traffic jam. Today I seen a video at NDTV.com that BUS had been included in the fleet of Indian President Smt. Pratibha Patil and the initiative had been taken by Madam President herself to reduce the expenses and less burden for public. It will not only reduce the expenses of VVIP Convoy but also reduce the consumption of petrol and diesel on roads during traffic jams. If all other VVIP like Prime Minister, Opposition Leader, Cabinet Minister, State Ministers , Chief Ministers etc. On any given day if 150 VVIP moves on roads and approx. 2000 vehicles stopped for say 2 minutes on average for every convoy, then the wastage of petrol will be 225 ml. per vehicle and total wastage is 450 Litre for every VVIP.

For 150 VVIP it will be 67500 litre and cost of 67500 litre petrol (40%) and diesel (60%) is Rs.1336500 + Rs.1350000 = Rs.2686500 Wastage of One Day.


And if this much of oil is saved regularly then it will also helpful in reducing prices of oil according to demand & supply rule which furthers brings down prices of other things.

Whole year wastage will be approx. Rs. 100 Crore which can be saved easily and other facts like burden to public will be also less if some more means and ways looked into.

All figures are approximate and do not indicate anything in particular.

Price Hike in Petroleum Products

As we all knows that recently government increased price of Petrol, Diesel and LPG cooking gas due to increase in international market from last many months and increasing pressure of Oil Companies as the companies are going through very rough phase. The question arise here is how this price hike will affect the common man especially the middle class of our semi-urban and urban cities who is already under tremendous pressure due to high inflation rate. Prices of all basic commodities have increased in last two-three months. Even though the government is planning to implement the sixth pay commission norms but it is not finalized yet and what will happens with peoples working in private sector.

One of the factors behind increase in prices of crude oil at international level is trading/future trading of the same according to views of some experts. But I don’t understand why all the governments are not taking steps to stop/ban/control trading of same.

I think government should have control the prices of LPG because it is a essential basic commodity and must start the research of alternate energy sources on urgent basis to save the nation from future crisis. In alternate sources we should not depend only on nuclear energy but some new initiatives need to be taken care.

Please send your views about the same.

Inflation

Since last few months we regularly listens about increasing inflation rate which is making a record by every passing day/week. Do you think that Commodity market (trading of commodities) is the main factor behind the rising prices. To control increasing inflation trading of some necessary commodities stopped and recently Government asked the steel companies to hold the prices, but how it will bring down the inflation rate. The steel prices will definately give benefit to Real Estate Sector but how it will help the regular life of a common person.

Inflation at new high, hits the 7%-mark

April 04, 2008 12:17 IST
Last Updated: April 04, 2008 12:49 IST

Inflation galloped to 7 per cent for the week ended March 22, on higher prices of food, vegetables, minerals and manufactured items, even as measures to tame prices are expected to take effect only in 2-3 weeks.
Inflation growth in the previous week was 6.68 per cent and was 6.54 per cent in the corresponding week a year-ago.
On Monday, the government decided to abolish import duty  on crude form of edible oils, cut rate on refined edible oils and ban non-basmati rice exports among other measures to ease the pressure off prices.
However, Manila-based Asian Development Bank expects these measures to influence prices only by the month end.
The high rate of inflation could also prompt the Reserve Bank of India to take monetary measures, like hike in interest rate or tighten money supply through hike in CRR.
During the week, prices of fruits and vegetable, pulses, cereals, eggs, meat and fish went up, while condiments and spices were cheaper. The mineral category-index shot up by 38.2 per cent driven by 46 per cent rise in prices of iron ore.
In the manufactured items category, sunflower oil, vanaspati, butter, mustard oil, sugar and groundnut oil became expensive, while prices of ghee, coconut oil mellowed down by 1 per cent each.
At the same time, prices of steel ingots, alloy steel casting were higher. However, car chassis moved down by one per cent.

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Inflation at new high, hits the 7%-mark