Sunday, May 25, 2008

Inflation in India

In this blog i am not trying to show my prowess in english. I would rather talk about the rising giant inflation in simple terms.

The UPA is having an arduous journey with the Inflation in India nearing the 8% mark. There can be various reasons for this burgeoning inflation but the Government is acting in a stealthy manner in this issue thanks to the nearing central elections.

How did the inflation start?
It is the upshot of the dramatic recession in US. The retreating supply could not meet the spiralling demand and the demand started to shoot up and the prices rose.

Why did the supply decline?
The supply declined in two major areas,food and oil.
US started using most of its agricultural land for bio-fuels which ultimately led to the decline in the growth of food crops. As Bush and Rice stated the quality of life in India has increased by leaps and bounds. The supply could not meet the demands of the increasing bourgeoisie in India and China. The diminution in the food supply led to the increase in prices which ultimately led to the inflation.This is the basic reason for increase in food prices.

Several other reasons complement this inflation. The most hazardous of all is the inflationary fears among the people. People started storing food for the future fearing further increase in price and the demand started increasing steeply. The lenders thought the other way and reduced the supply thinking they could sell the same when the inflation is more at a better price. This chain started and form then on there was no looking back for inflation

How did the oil price increase?
Oil price soared form $50 a barrel to $135 in no time and is expected to surge up to $200. 2 years back there was a decline in global crude oil prices and the Arab countries fearing further decline in the prices reduced their supply. Now albeit there is increase in demand the supply has not been increased. Iraq is yet to recuperate and other Arab countries have started to save oil for themselves. The decline in US dollar attracted other countries to buy more oil ( since oil barrel is sold in dollars) and the demand surged.Thus price of oil sky rocketed.

How can Indian government tackle the inflation better?
Awareness campaigns should be held to relieve people from inflationary fears. This would save the country from the indirect inflation. Also the technology in agriculture should be used better so that the growth increases. Inflation in food prices can see quick remedies and is of lesser importance. What about the inflation in oil prices?

Its a global problem and the remedy is not in the near future. So giving subsidies to petrol and diesel cant be done for a long time. By doing this the government is saving the middle class and the rich from the rising oil prices thus contributing indirectly to inflation. The oil price has to be directly passed to the public so that they plan accordingly and the demand reduces thus reducing inflation and the environment is also saved. This is my considered opinion.

Monday, May 19, 2008

Life @ Bangalore

This is my first blog and I will talk about the bangalore life and why it is a lusus naturae........

The first question that comes to my mind when i think about this is "Is a life of continence possible in this city?". The answer may be "yes" for an extremely prudent person. But what about the remaining majority of people who are indiscreet? The answer of such people is a big "NO"

After coming to Bangalore I have become an antithesis of myself. I am a person who believes in one's own self. But after coming here my charm for a freaky life has augmented. I am yet to find out whom to reproach. Is that me or the city or my mind which exaggerates the normal life i lead.

I was born and brought up in chennai which may be a metro but very conservative in its own way. i studied in a school where speaking to girls was a crime worth decapitation which made guys in my school to look at girls in an indifferent way.

A lot of recuperation was required during college days for me to change my attitude and adopting to bangalore life requires lot more of the same. Bangalore is the land of IT and the nature of job requires lot of interaction with the foreign people which gradually made indian people to adore their culture which is "live life to the fullest".

Even I adore the same. This culture is not a cataclysm as many people think. when people have a natural penchant for something why should we arrest the same in the name of culture. Dont think i am babbling. Its the indian culture which incites people to behave in a lecherous manner. why does our country encounter so many rape cases in a year when it is known for its cultural conservatism?

if you people think i am deviating from the topic, this is what life @ bangalore is all about. The pubs and discos are not a cultural disaster. It is a place for people to relax in the midst of all the pressures he handles. World today is never the same as it was 100 years ago. When a change in everything else is accepted with open arms why not a change in culture too?

I am not actuating people to adopt vigorously to this change in culture. "Too much of anything is good for nothing". There is nothing to confuse between career path and the small amusements in between which is very much essential in the enchanting life.

To recapitulate whatever i said Bangalore is not a place of cultural disaster. Its a place of cultural assortment. Its in the hands of the people to pick the right things of right amounts form the assortment so that life is always colourful. India is a country famous for its cultural diversity. Lets make people say "India is a land of cultural conservativeness combined with social elegance" rather than making them say "Its a land of kamasutra which dissembles to be conservative".