Why inflation is not checked?: Adopt measures to check inflation
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30/04/2008
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Central Chronicle (Bhopal)
Inflation continues unabated. In the last week of March it stopped at 7.14 per cent and swinging in April it reached up to 7.33 per cent. Government adopted several measures but it did not make any difference. Inflation lowered a little and again it started rising. Reserve Bank of India on Tuesday might take some steps in this direction. But only through mechanism it can not be checked. Because finding its root cause and effort to remove it necessary. Prices of daily consumable items are going up continuously and even after sufficient availability of food grains they are becoming dearer. The same condition is of edible oils. Now sugar prices are also going up. Whereas export of some food grains has been banned and crude oil is being imported. Common man is most vulnerable with the inflation hit. Food grain is available sufficiently and purchasing is on its swing. But this purchasing of government is not for immediate use. Food grains are being stored. It means commodities and grains are available sufficiently but it is away from the reach of people. People are purchasing beyond their requirements that it is available at present, perhaps in future it would not be available or might be dearer. On the other hand the hoarders and black marketers are also storing after purchasing a lot. They have tendency that when it would be dearer they would earn benefit selling it in higher prices. Though it is possible that prices may fall in rainy season and bring a little bit relief. It is most important that unnecessary purchasing should be checked immediately and action should be taken against the hoarders and black marketers to bring the old storage of food grain in market.