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Submitted by Rakesh C on
Dear Eliana, Nice article. I like the Oscar Wilde one-liner. Last week, the Govt. of India announced a steep hike in the price of fuel. This, while the country is still trying to come to terms with the rise in food prices. I wonder if the central bank in India or the government has any real control over inflation. We see our policy makers spend considerable amount of time doing patch work trying to fix what's torn, instead of resolving issues. It's also interesting to note that the govt. announces an increase of as much as Rs.100 in the price of an LPG cylinder. And, we somehow know that, after several protests, it will probably be increased by 20-30 rupees; which is what the govt. intended anyway. The last thing the country needs is spiralling food and fuel prices. This will only increase the divide between the haves and the have-nots. Unless some serious corrective measures are taken, it seems like inflation is only headed in one direction - upwards! -Rakesh