Aboutme.SubinFinance - Indian Govt Big Mistake , Creating Cost-Push Inflation

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The Central Government of India is creating more inflation in the inflation-hit economy as the means of Cost-push Inflation by providing Dearness Allowance of about 6% to employees. By giving Dearness Allowance is good, but the Government has not got any means to check whether the employees are giving more productivity for this. This is just “Vote-Bank” politics. 

As this money is going to reach about 50 Lakh Government employees and 56 Lakh pensioners, so automatically the inflation which is now showing a growth of about 15%, which will be growing to about 20% in the months to come. 

For price rise the Government is planning to compensate with 119% pay, which will increase the price of foods, luxury goods, home prices and more. The Government is not calculative as we’re suffering from Onion at Rs. 60/kg, Tomato at Rs. 80/Kg, Veggies has been increasing about 100%, education increased by 40% per annum, medical increases by about 60% per annum and goes on.

If the Government can’t control it and the Finance Minister is crying out in News Media to decrease Bank Rate [Interest Rate], whereas he has not seeing the status of the economy. Yesterday Prime Minister has called the entire Industrialist, and discussed all their issues. 

But, the Ex - Prime Minister’s and Ex- Finance Minister’s did not do anything for the farming community. Even Current is not going to....Frankly speaking “A Big NO”. That’s why Indian Economy is suffering?

Location: New Delhi, Delhi, India

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