Finance, Projects and Charity

Aboutme.SubinFinance Aboutme.SubinEconomics Aboutme.SubinHealth Aboutme.SubinAdvertise 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%, edu...

Reserve Bank Can't Decrease The Interest Rate: Indian Finance Minister Do not know “What is the Status of Indian Economy” and trying to pressurize RBI Governor Raghuram Rajan to decrease the Bank Rate [ie., Interest Rate in Whole concern”], which will be helping the industries, but what about the lack of monsoon led agriculture sector. How can we decrease the interest rate [Bank Rate] supporting the reason that Indian economy is having low inflation rate, Crude prices have come down and India’s growth factor.  India’s Inflation Factor: Last year Arhar dal was of the price of Rs. 60 – Rs. 80 per kg and now it’s zooming around Rs. 112 – Rs. 120 per Kg. Moong is also heading to Rs. 80/kg. Masur has increased to about Rs. 75/kg. Only Chana dal has increased by Rs. 5/kg. Cooking Gas has increased to Rs. 645 per Cylinder. Cooking oil [taking the example of Ruchi Oil] has increased to Rs. 80/litre, which was about Rs. 65/Litre.  Tomato is on the sky...