It has been some time since inflation has
gone beyond the tolerance limit. The measures taken by either RBI nor
government has seen any fruitful result. Common man is finding it difficult to
cope up with the price rise. The political class is not much affcted as they
are living at the expense of common man.
The central and state governments should
more effectively intervene in markets so as to control inflation. They cannot
simply wash their hands off by saying revenue deficit. Then why should we have
a govt in place? Instead of putting their hands into common man’s pocket, govt
should cut down the tax benefits given to large corporates and bring back the
illegal money deposited in tax heavens.
