The current trend in political circle remembered me the first tenure of UPA. Bengal chief minister has pulled back their support which she has been indirectly saying since last 2 years. Is she prototype of Left front with different tag? I don't know about the economy much. Dr. Manmohan Singh knows it better. But what I understand is that the price of Poha has increased almost 5-7 Rs. within last 1.5 years. There is no need of economist to tell common man that he has to cut his expenditure as the income is not going to increase. The reason behind the whole thing is that there is no money in the market. And if we want money, we have to bring it from outside. The FDI is the solution. To get something, u have to give something. Can Mamata tell me that what she will do if govt decides to pull back the reform? How can she bring back the whole economy on track? The same is with gas cylinders. We have been wasting crores of money by subsidies on diesel. The man who can buy car worth Rs. 3-4 lakhs, we are giving him subsidized diesel so that he can buy a new car to boost car markets. Don't forget, it's tax-payers money. I agree that diesel is used in the other commercial vehicles and the increase in it will result in inflation. Let it increase. We can take other measures to control it. By giving subsidy on diesel, we will be losing two times that that. Petroleum companies are already running in loss. After all, its all about politics. What common man understands, he has to save money for his retirement and for the next generation. Whichever govt help him doing so, he will vote them. As simple as that.
