That this government has lost all sense of proportion is evident from the arguments ranging from ridiculous to the outrageous made by its senior leaders to justify the recent increase in prices of essential fuel supplies. Embroiled in the wave of corruption, the present dispensation, which has scant regard to the livelihood of millions of poor people, has lost all moral authority to govern this country.
M K Pandhe, President, CITU sent the following letter to Murli Deora, Minister of Petroleum & Natural Gas regarding the bail out the 'aam admi' from fuel price hike.
India seems to be moving through one of the most bizarre phases of its history. The common man – aam admi – is reeling under the heavy burden of high rates of inflation not seen in recent times. The leaders of the UPA coalition openly admit that come Friday – they shudder at the prospect of burgeoning inflation figure which shows no signs of respite. And despite that, the obsession with nuclear deal goes on with an air of insensitivity which has very few parallels?
The global crude oil price rise is complex, sinister and beyond innocent economic theories of demand and supply. It is speculation, geopolitics and much more. Obviously, there is a symbiotic link between the US, the US dollar and the oil prices. And unless this truth is understood and the link broken, oil prices cannot be controlled.
In a country as huge, as diverse and as complex as India, consigning the bread and butter issues of peoples livelihood to the backburner can only signal an unmitigated disaster. In election after election, the incumbents are being voted out of office. To ensure that such changes are better informed. And daily discourse, particularly those elections be premised on the policies that parties espouse, so that there can be intermittent reality checks. That is the only way to ensure transparency and accountability.
The four left parties in Assam jointly organized road blockades, rail-rokos, demonstrations etc. throughout the state yesterday June 11, in protest against the hike in prices of petrol,
diesel and LPG cylinders.
An article by Jayati Ghosh
The relationship between oil and the US dollar has been at the heart of the way international economic relations have been organised for more than half a century. International capitalism has relied on the US dollar as the basic reserve currency, and has therefore granted it an essential degree of stability for several decades despite the large external deficits run by the US and the periodic swings in its valuation in currency markets.