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Wednesday, June 13, 2012

Heat is On..Waiting for Rains...

There is heat all around. Summer vacations have come to an end and all kids will soon start new academic year. Summer vacations have been spent. IPL is over. Travel plans executed and photo albums uploaded. Mind still refuses to come out of those nice spent holidays. Mango season is over. Summer camps, swimming classes, hobby classes all coming to an end. Aroma of new books, uniforms, bags takes you back to your school days which were simply priceless. One thing is missing: rains. Monsoon progress is studied by govts, economists, stock markets, water suppliers, tanker lobbies, railways, and we all the aam people of this special country. Hope all is well on that front which will we know soon.

But all is not well elsewhere and there is heat everywhere. Common man is facing heat of inflation. Food costs have gone up. Petrol though has cooled down a bit but govt still refuses to pass on that relief. Having studied balance sheets of all oil companies one wonders whether loss accounts claimed by govt are for real. Having supported privatization and opposing subsidies, it makes any cry for government control over oil prices something of double standards. But after having studied the taxation of petrol, it highlights pure mismanagement. There are anomalies like selling diesel to Mercedes over at same price as to a goods carrier. LPG distribution is marred with rackets. But who cares. On one side we had bumper crops and other side we have inflated food prices. Middlemen benefit, farmers commit suicides. Politicians thrive.