A whopping Rs. 70,000 crores were spent on preparation of the Commonwealth Games only to buy riches of embarassment for the country. We were only fed with the big and hollow talks of the powers that be.
Sounds similar. Ask the country's common man. For big bytes lacking in bite, go no further than listening to the PM, FM, Fin Secy or the loud mouthed Montek Singh Ahluwalia with regard to the debilitating food price inflation in India. For how many months have they been saying that food inflation will be contained? What exactly have they done to this effect, apart from banking on good monsoon and the base effect? ZILCH.
Food inflation advanced to 15.46 per cent in the week ended September 11, as cost of cereals, select vegetables and milk rose due to supply disruptions caused by unusually heavy rains in many parts of the country. Week on week, food inflation climbed 0.36 percentage points from 15.10 per cent on September 4.
So far normal monsoon was expected to lead to good khariff crops and hence moderation of price. With my worst fears coming true (I have been constantly questioning the normality of monsoon, what with several droughts and flood affected states), the immedaite respite is not visible. Now people are talking of the effects of normal monsoon on Rabi crops. If we have leaders and policymakers like these, who needs Pakistan.