Bhaskar Opinion: High-rise bridges of inflation are being built on the road of good governance

Inflation rate this month too is above seven percent. Last month was 7.04. This month is 7.01. Decreased but not equal. Overall, the small savers are getting hit hard. No bank gives more than 5.10 percent interest on his deposits and by the time his money is ripe, inflation has increased by seven percent. That is, a loss of two percent despite getting bank interest.

Political prices may fall, but prices never fall. Be it things. Whether the leaders No matter how strong the power and political stability may be, our governments and the expensive electoral tradition have left no stone unturned in creating the blind alleys of inflation. On the smooth roads being built in the name of development, big bridges of inflation are also being erected with pride.

Just as the war against political corruption led by Vishwanath Pratap Singh had succumbed to the maze of regionalism and casteism, the promises of good governance of the present central and state governments are being buried under the screams of inflation. There are more ironies. Not all of us, sitting in a concrete palace with loud slogans of good governance, can hear the echo of inflation screaming from the ceiling.

According to the Wholesale and Retail Price Information System (WPI), prices of basic goods have increased by 68% in March 2022, i.e. 10 years, as compared to March 2012.

108 Rs. We fill liters of petrol with great pleasure, but we do not even dare to raise our voice against the hefty tax of the state governments. The policy of the center seems to us to be the stairs to heaven. When we get twenty-five paise less on the same petrol, fifteen days after the arrival of any inflation report, our happiness knows no bounds. After all, what is the habit of assimilating and embracing small joys!

Inflation actually creates a kind of political awakening. Inflation is the nectar from which the repressed desires of the downtrodden erupt. Politicians again find new political direction in these repressed desires and of course they also succeed in this search and also sit at the top of power.

There was a time when a liter of petrol cost Rs. Gulf surcharge was levied and we got five rupees in TFR Luna. They used to spend a week by filling half a liter of petrol. That one rupee hike was still there and still remembers it. Now five rupees increase together and we don’t care.

Modi government has increased excise duty on petrol and diesel 13 times. At present, an average excise duty of more than Rs 20 on one liter of petrol is deposited in the account of the government.

The Center has recently imposed Rs. 9 and a half on petrol. Excise duty was also reduced but the ears of the state governments did not even crawl. They are maintaining this petrol-diesel as their biggest means of earning. The governments of Madhya Pradesh and Rajasthan are at the forefront of this tax race. What has happened to the governments when the public doesn’t care?

LPG cylinder today we are selling 1050 rupees. I am taking it but we do not feel any discomfort. Even if it is, then it is not seen against the governments. This is the reason that fearlessly the governments keep increasing the tax and we go on carrying the whole burden silently. Of course, the Finance Minister has already said that there is no need to do anything for the middle class. He will take care of himself.