Monday, November 04, 2013

Onion and sugar economics

Since last few years I have noticed a rapid upward movement in the price of either onion or sugar. Though there is no sudden fall in production or quick increase in demand, still a shortage is created and the prices increased.

As almost every person uses these  2 things, one can and should image what does a 10Rs per KG artifical increase translates in monetary terms. Supply of these 2 items are controlled by a major politician of congress party, and yet congress seems to be unaware about the issue, and does not know what to do about it.. Even the import of these 2 items is tightly controlled so that it can be insured that people can be fleeced easily.

I just don't want congress winning this time, there is rapid increase in prices, but salary is stuck,,and so is me...

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