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Showing posts from January, 2020

Retail Inflation heats up

We have come across many articles about the revival of the Indian economy for the past 2 months but the govt. hasn’t listened to such things and they don’t want to do that as always. During the last Monetary Policy Committee meeting, RBI has decided not to reduce the repo rate in order to control Inflation. We know that Inflation with increasing growth rate is good for the economy but without growth isn’t. If the repo rate was reduced we would’ve got inflation with some increased growth rate. But now the growth rate hasn't hiked considerably but the retail inflation hits 4 years high says Consumer Price Index (NSO). The retail inflation hits 7.35% and the food inflation hits 14% in the month of December. The hike in retail inflation was shared by the telecom operators as their top-up package price was increased and mainly due to the food prices which paid the reason for the hike. Onion price was nearing ₹180 and it was the most obvious reason. Will the inflation decrease in the mon

Good Governance

Maharashtra cabinet had nodded to the 24×7 Mumbai project and comes into being by Jan 27. That allows all the shops, eateries, etc. to be opened 24×7 except the alcohol-serving bars. It is an attempt to increase productivity and will be useful for workers and office goers to get out for purchase or dinner after work. It reduces the peak traffic and rushes in the evening. The power consumption will be high but compared to the increased productivity and profit of the shop keepers it is good. Safety? All the production units, factories are open 24×7 already which works in shifts. We have people working night shifts. But even today women working in a night shift is unsafe. Women cannot go out for work or studies during the night time because of the anti-social activities. When we allow 24×7 city it will create an environment which will be like  noon in the night ! People will be roaming all night and nobody tries to indulge in anti-social activity. When a single woman goes for work in the