banking Articles

Uphill inflation increases frustration

The woes of the Indian economy and also the Government of India seems to be unending and this is evident from the recent inflation rate of 11.05 that surpassed the 13-year record with one stroke. Truly speaking this has been conjoined or is the influence of the epochal rise in prices of petrol, diesel and cooking gas due to the recent economic exploitations in the global spectrum. However, at the end of the day the sufferers are the general Indians of different strata of the society but also the government especially in the election year.

In this regard, to the estimation of pundits, the daring announcement of intensifying petrol, diesel and cooking gas prices by the government on June 4 has far reaching consequences and is clearly displayed in the exorbitant step-up of inflation. One of the worst affected had been the BSE index that suffered a drastic fall by 350 points reflecting the restiveness of the investors who were anxious of the measures to be adopted by the concerned authorities like the Finance Ministry and the Reserve Bank of India.

What is more, apart from the sharp increase of fuel prices, rise in prices of food products in particular edible oil and manufactured goods increased the woefulness of the government to a new height. This made the Indian economists and analysts to fear for worse. They made a prognosis that this would induce the Reserve Bank to tighten its grip on the monetary policy and make short term lending to banks costlier.

This seems to continue and even on 20 th June the points at BSE made a huge fall by 550 points making the prospect of Real Estate, Banking more vulnerable.

Source: http://timesofindia.indiatimes.com/Inflation_zooms_to_13-year_high_of_1105/articleshow/3148136.cms

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