Will the govt act on one crore signatures over price rise?
There are multiple reasons for the price rise of all commodities :
1. Demand - Supply . Due to phenomenal growth in disposable incomes , people want more of every commodity , supply is short as compared to demand , so every one makes more profit on every commodity , including vegetables , pulses and sugar .
2. The cost of producing any and every article is going up , whether it is agricultural / industrial . Every thing is a chain reaction . If land prices are going up then the return to the farmer has to increase - otherwise he will sell his land , creating more shortage .
3. The Indian supply chain is very inefficient and corrupt - so there is a severe cascading effect in price increase . We have too many middlemen and compulsary laws which prevent the farmer from selling good directly to bulk consumers . Traders at mandis make more profit than the farmers - so the traders use all their powers to ensure a comman ...more