INDIA DEBATE – PRICE RISE ON ESSENTIAL COMMODITIES & SERVICES

PRICE RISE  ON ESSENTIAL COMMODITIES

Today govt. is run by market manipulators, fixers, fly by operators, corporate  gamblers. The first and prime reason the rising essential commodities because we created a commodity exchange like MCX and other like commodity exchanges.  The market can manipulate within hours according to their own wish.  It is nothing to do with our production, distribution, monsoon and other factors.  Indians tears is the stock and commodity exchanges. Gamblers and fixers deciding the market now with the whole hearted support of the govt.  It is a best lucrative and risk free business for mafias to engage such activities without any risk. India’s biggest mistake is that we opened door for the manipulators. At the time, a small and genuine investors, traders, businessman, and all other sections of society imposed with various taxes, duties and finding it difficult to survive due to licence, inspector and permit raj.  The double standard is clearly visible.  

The inflation can be controlled to the large extent if the govt. give full freedom for farmers to sell their agricultural produce anywhere in India without any restriction and ensure free movement without taxing the same.  All the agricultural produce is controlled by market forces especially the Baniyas, Marwaris and other rich and traditional traders.  The price of goods are decided by these individuals. They create the artificial shortage and price rise.  The farmers cannot sell their agriculture produce directly due to different reasons.  The real farmers/ producers getting 1/3^rd of the price.  Rest of the profit swallowed by the middleman and traders only. We are witnessing farmers death across the country.  Govt. have no concrete action plan to stop the suicides.  At the end of the day, what the govt. need to do is to liberate the middleman and traders in manipulating the food grain and other agricultural produce prices.  The farmers could sell their produce without the support of APMC market.  The farmers have their right to sell, load, unload and transport the goods at any destination and the govt. will not restrict the movement from one dist. to other dist. one state to other state.  Minimise and exemption of toll tax, octroi and other taxes when a small farmer move their product to other location. It will really help the actual producers to sell the produces directly to consumer and both consumer point of view and farmers get benefit each other without middleman support.  The govt. should try to crate such a mechanism at the earliest to liberate the farmers from the clutches of middleman.  The existing commodity exchange only benefits these traders and not the farmers which need to be noted.  There is no proper check in FCI and other godowns to prevent black marketing.  By stocking through these godowns, the manipulators creating artificial price rise and then it encouraged black marketing.  The high inflation can be fully controlled if the govt. and the concerned authorities make proper check on the market and raid various godowns across the country. 

The government’s recent decision to opening up retail sector to big multinational corporation going to create more problem because, these forces take full control of the market and whenever they want to make manipulate the market.  On the other hand, it badly affect the govts. performance and public anger. The Present Prime Minister and Finance Minister, without making a second thought try to open up all sectors even the retail sector which will badly affect the retail traders as well as the consumers.  On the farmer’s & direct consumers point of view, the govt. is doing nothing on this issue, just making a temporary noises, with no action.  At the late hours, the govt. need to look into all aspects in its policies to address the pressing farmers issue, otherwise the present problem of price rise and farmers suicide going to increase many fold.  It is an early wake up call.