On the other day I witnessed a Business Presentation by an Economic Advisor of a leading member nation of the OPEC.
It was heartening to hear that they are able to control inflation within 2 % for a longer period during the last decade. Though I raised the question on the ‘secret behind it ‘, I knew the reasons behind that. It is only their control on the Crude Oil Prices and the fact that Black Gold only controls the International Economy which is dependent on Petroleum Products’ price and fluctuations. It is no longer a Gold based or US $ based one. You can find that there will always be a direct relation between the prices of Yellow Gold & Black Gold .The reaction for Yellow Gold mostly arises in Indian homes but the Black Gold will affect the whole world.
We have forgotten the Panchayat Raj or the Dharmakartha principle of M K Gandhi. We are wasting our time, energy & money to the new Maharajas of this hereditary democracy and the 1000 and odd families of leading politically strong families of various parties. Only the flags change and not the attitudes. Our young I T Professionals are sold by body shopping to earn the crucial US $s . But the local Maharajas and Slaves in India waste the US $s in unnecessary commuting using the conventional automobiles within India due to wrong economic policies without any regulations on conservation of Petrol & other Energy . There is always a geometrical proposition of increase in inflation due to increase in petrol/diesel prices. We have never adopted the district level planning and development. We have no power plants installed district -wise and education or other infrastructures established district-wise. We always think of large and waste a large and bring in unnecessary logistics .These logistics need lot of petrol or diesel. It is all to give business to the OPEC .OPEC maintain their internal inflations well by 100 % export of their inflation along with the Barrels of Crude Oil. We work hard with kaizen or continuous improvements & productivity [in private sectors only] to pay for the inflation .Our Finance Ministers & RBI have no control on this. They are only periodically adjusting taxes & interest rates to meet the Crude Oil Bills. Our Government Employees including the Maharajas [ M Ps & MLAs ] also get compensated at periodical intervals without any relevance to the contribution.
No comments:
Post a Comment