Nearly Eight weeks since, the Petrol prices were raised and the lending rates of the Banks increased. The acclaimed “Dream Team” of Montek, Manmohan and Chidambaram’s acumen of FINE Economics has brought us to an unhealthy state of 13% inflation. The “AAM AADMI” is left lurching in the Scorching flames of fiery Commodity prices. The FM had vehemently and immaturely attributed the rise in prices of Edible Oils, cereal grains and the double digit inflation to the sharp rise in Crude Oil Prices, which was at its maximum of $150 a barrel, the Inflation index at this stage measured in the whereabouts of 8-9%, now when the Oil prices have fallen significantly and have settled at about $115 a barrel the Inflation is at 13%. Sadly inflation has continued to rise for 3 consecutive weeks. The hike in CRR has also not helped in curtailing the vices of high inflation. Still, the Govt continues to downplay the issue, and is not ready to accept it as a national concern and call far a Parliamentary
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