India gets ready for election as communists threaten to make Government fall if inflation is not stopped by April 15th
Sita Mahoney
Mar. 30, 2008

The spiraling inflation that is the precursor to the hyperinflation is the result of decades of fiscal abuse by congress party and BJP. Tagging Indian economy to that of America was the worst decision. India adopted America’s borrow and spend tactics. India also adopted China’s blindly blunt imported job phenomenon. Inflation happened because of real estate, Indian stock market, the commodities bubble. The stagflation in India is now unstoppable. India has become just another central American economies that will face hyperinflation and economic disaster because of inefficient American and European companies.

The communists in India that take their marching orders from China wants the Government to control the prices and hence the inflation. They do not realize that the root cause of inflation in India is from the increasing wages and increased money supply from borrowing by the Government and the common people in general.

"After April 15, we will launch a nationwide agitation on price rise in consultation with other parties which would want to join us on the issue," CPI(M) Polit Bureau member Sitaram Yechury, told reporters in Coimbatore.

The communists demand cut in customs and excise duties on oil and reducing the retail prices of petrol and diesel. That can provide a temporary relief. But it not solve the irresponsible acts of the Indian oligarchs manufacturing $2500 cars and letting people that make $100 a month, buy these car on credit cards.

India gets ready for election as communists threaten to make Government fall if inflation is not stopped by April 15th
Sita Mahoney
The spiraling inflation that is the precursor to the hyperinflation is the result of decades of fiscal abuse by congress party and BJP. Tagging Indian economy to that of America was the worst decision. India adopted America’s borrow and spend tactics.
READ MORE>>

Inflation in India zooms past critical six-per cent mark to a 13-month high of 6.68 per cent
Nina Shankaran
Commodity and wage inflation is rippling through the Indian economy. Spike in energy price is creating upward pressure on all sectors.
READ MORE>>

India transfers hardworking private sector tax payers’ money to nonproductive federal (central) government employees
Staff Reporter
The tax payers in the unorganized sector who constitute more than 90% of the work force have a right to demand why the tax money collected from their hard earned income should be transferred to the Government employees, who are non-productive.
READ MORE>>

Sensex moving higher in bear market rally – up 161 points and may test 17,000 before moving below 9,000
Kirsten McLauren
Worldwide stock markets are in a bear market rally. The bear markets are always very sharp in moving up because of short covering panic. This one can take Sensex back to 17,000 or even higher....
READ MORE>>

India Inc. infested with ‘Enron’ type corporate frauds that can sink Indian economy - KPMG survey confirms
Tarin Mugabe
The inadequacy of anti-fraud measures and unethical behavior of employees are two land mark reasons for the probable collapse of so called India Inc. – a business concept based on imported jobs from the western nations.
READ MORE>>

MORE ARTICLES >>