Quote:
Originally Posted by rupam_1987
In negative territory
The article goes on to explain the current situation of inflation going to negative digits. this does not necessarily mean a reduction in demand or deflation. It's calculated on the basis of WPI and not CPI. So the main threat is the sudden spike that this figure can see in the near few months taking into account the increase in oil prices and food prices...
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What is baffling is why does India continue to calculate inflation on the basis of WPI and not CPI. WPI-based inflation results do not show the true picture at all, what with fiscal problems compounding the whole situation.
We must understand that to the common man on the street, these stats do not matter at all unless he is able to save through reduction in prices of daily utilities - cereals, fuel etc.
http://www.hindu.com/2009/06/22/stor...2252560800.htm
This article points at yet another instance of misplaced nationalism. As if the blatant support of LTTE was not enough, these TN groups now demand control over an island whose issue has been settled long ago when the real problem is downright infringement of Sri Lanka - India water borders by Indian fishermen due to the fact that the catch is better in the Lankan waters. I am of the opinion that SL's armed forces have rights to use force against such fishermen until the issue is solved amicably through administrative level meetings of both countries.
Regards
AFC
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