Friday, January 29, 2010

Where are we heading ?

Brief transcript of our Union Agriculture minister’s interview to CNN-IBN:

  • Prices of edible oil and pulses will go up further in the coming days.
  • We had to import pulses and Edible oil because day by day demand is growing. Purchasing power of the weaker section is also improving.
  • However, sugar price would come down soon.

Price rise and fall of the basic commodities is natural and this has been seen in the past as well. This can certainly be justified by analyzing the demand-supply gap.

Most of the time, the price surge use to be on a single commodity at a time. But this year what’s happening is totally unprecedented and quite intimidating. The price of every other commodity is touching the skies.


Who is accountable for this ? “we the people” ? “our politicians” ? or who else ?

Is there anything else cooking behind the scene ? Comments ….