INFLATION WAR IN INDIA

Inflation War :India's central bank raised interest rates by half a percentage point Tuesday, jolting local markets with its resolve to fight inflation. The move marks the Reserve Bank of India's 11th hike since March last year. Yet inflation remains stubbornly high, hovering above 8% in year-on-year terms for 18 months in a row. This is leading many in Asia's third-largest economy to ask what new measures are required to restore price stability.India's central bank raised interest rates by half a percentage point Tuesday, jolting local markets with its resolve to fight inflation. The move marks the Reserve Bank of India's 11th hike since March last year. Yet inflation remains stubbornly high, hovering above 8% in year-on-year terms for 18 months in a row. This is leading many in Asia's third-largest economy to ask what new measures are required to restore price stability.
The main reasons are as follows and this is going to get worse.The price of essential commodities like vegetables, rice, wheat,oil etc will be at par with American with in short time thanks to our selfish approach of the politicians and bureaucrats.
1: Dual Sim: meaning there by both husband and wife are employed, so money is no problem.
2:Wasteful expenditure: like giving costly gifts to Boss's wife's birthday or other occasions.Two TV one for each room as both can't watch the same programme.
3:Lots of black money
4:Pay scale revision.A lecturer gets more than 50 thousand just by taking 3 to 4 classes a week
5:Comparison with others.Neighbor has a Honda city why we should have a Maruti 800?My friend has a plasma TV why i should have a old model one?
6:Attitude: Attitude has changed, must spend money attitude.
7:Equality: This is a dangerous American trend, like a sweeper or a taxi driver wants to get the same money like that of a cardiopulmonary surgeon!
8:Disparity in salary: one man of the match in cricket gets Rs50000 for scoring 35 runs and taking two wickets where as a nurse gets 5000 rupees in most of the private hospitals.An actor gets Rs10 to 20 crores where as a professor get Rs 1 lakh per month.
9;Easy money due to availability of counterfeit notes.
10:Small family: plenty of money but only one son or one daughter.So money is no constrain as both the parents are earning.
11:Easy availability of money from banks.
I think days are not far off when we have to purchase one banana for rupees fifty, that's exactly what the Western world wants us to do.First they have asked for human rights, child labor and out sourcing and our politicians for reservation policy which all will result in import of workers from Bangladesh and China.