Fiscal mismanagement of Manmohan Singh and Chidambaram – Indian inflation gets out of control
Kiran Chaube
Apr. 25, 2008

Inflation in India and China has gone out of control. Indian inflation is rooted in the fiscal mismanagement of Indian PM Manmohan Singh and Finance Minister Chidambaram.

Inflation rate grew by a faster 7.33 per cent in the week ended April 12 from 7.14 per cent in the previous week. It is broad base advance in all commodities. The wage inflation is even faster than commodity inflation.

The Government is in a panic mode as does not know what to do. China has put artificial price control only to create shortages in the markets place. India is slow in reacting to inflation but the common people are struggling. Middle class Indians now are paying 60% of their earning to serve food on the table.

Left Parties today met Prime Minister Manmohan Singh and demanded immediate steps to check prices. Their mantra is the Chinese type artificial price control.

Fiscal mismanagement of Manmohan Singh and Chidambaram – Indian inflation gets out of control
Kiran Chaube
Inflation rate grew by a faster 7.33 per cent in the week ended April 12 from 7.14 per cent in the previous week. It is broad base advance in all commodities. The wage inflation is even faster than commodity inflation.
READ MORE>>

Boeing offers advanced Super Hornet to the Indian Air Force but can it match Russian offer?
Deolinda Francisco
Indian Air Force is far more comfortable with Russian planes that their American counterpart. The issue is more political and operational comfort zone. The inner core of Indian Air Force does not trust the Americans as reliable suppliers.
READ MORE>>

What’s common between Bernanake and Chidambaram? Both are academician learning on the job at the cost of poor and middle class
Kiran Chaube
US Federal reserve Chief Bernanke and Indian Finance Minister Chidambaram are center of controversies. Both come from top notch schools, both are academicians with little ‘street’ experiences.
READ MORE>>

Sensex ends up at 16,480 – what’s next?
Ashish Kadakia
Sensex moved in a range of 174 points between 16,397 (low) and 16,571 (high) before finally settling (provisional) with a gain of 235 points at 16,480.
READ MORE>>

Egypt and India closer to a free trade agreement
Tania Sengupta
After the US, Italy, China and the Arab League, India is the largest trading partner of Egypt. Egypt is eyeing taking advantage of India’s high tech specially software area. A free trade agreement will benefit both India and Egypt.
READ MORE>>

Indian PM Manmohan Singh realizes commodity hyperinflation a year after it happened – a sad event for Indian economy
Ratan Sen
It is sad that the economic academician turned into politician PM Manmohan Singh failed to realize the global inflation for more than a year and took no action to check its impact on Indian economy.
READ MORE>>

Sensex down 250 points headed below 10,000 on inflation fear
Sonal Joshi
Indian economy is poised for a major slowdown as the consumers and the Government struggle against the hyperinflation.
READ MORE>>

MORE ARTICLES >>