Present fuel price rise no doubt will pinch every on and it will cause inflationary pressures. But in the present context it is unavoidable. Your views?
It seems the congress government is mining money from all sectors of the economy.
it is real hard
Common men who are earning even upto four or five lacs per year will face great erosion in their purchasing capacity due to relentless price rise in all commodities and essential services. Current rise in fuel prices will add fuel to fire. If we calculate the cost of all essential goods and services required by a common men family at cost price on 01.01.2009 and compare the same with that of today we will find that there is at least 100 percent rise in living cost of same standard for the same family.
There are some employees who are partly compensated by increase in Dearness allowance by their employer. But most others who are not compensated by increase in DA or increase in salary in private sector are the worst sufferer. Since there is no rise in annual income of most of employees, farmers, labours, daily wage earners (minimum wage not increased), barbers, cobblers, tailors, hawkers, small trad ...more