An eye-opening article about alarming price rise in India

Recently a news item appeared in newspaper “Punjab Kesari” of 3rd March, 2010 about the analysis of inflation by Transport Minister of Punjab, Master Mohan Lal. Some of the interesting facts brought to the notice of the public are highlighted like

#Sky-rocketing prices of common goods are very alarming for the public as 70 percent of India’s population is earning less than twenty rupees a day.
#The deficiency of food grains is fictitious and does not cause due to bad whether conditions.
#The economy of Dubai crashed due to trading in commodity market without actually selling or purchasing the goods and India has also opened the commodity market
#The sugar prices are increased due to heavy hoardings by the manufacturers/ traders and actually there is no shortage of sugar in the market.
#Total demand of sugar in the country is 220 lac tonne however production is 240 lac tones and inspite of that sugar prices are increasing.
#The sugar of this year is yet to come to market as the public is consuming sugar of last year production.
#Due to increase in rise in prices of fertilizers and chemicals, the cost of farmer increased and due to that the farmers opts to dispose off their produce in hefty or decided to diversify.
#It was also funny that that public is purchasing the sugar at 48-50 rupees per kg and Govt. sold 48 lacs tones of sugar to other countries at 12 rupees per kg and also to increase supply in our country, again imported 70 lacs tones of sugar at 30 rupees per kg.
#The rate of inflation is highest in our country and Japan has proved to retain the rate of inflation at 1.6% for years resulting no hue and cry there for price rise.