It seems ridiculous that Finance Minister has asked bankers to check whether their money is being used to hoard food grain. After all what the concerned department of Ministry is doing to check hoarding and black-marketing of food grain items. Why not department of food grain and supplies conduct surprise checks and inspection of various godowns of big traders. It is astonishing that government does not have record of such black businessmen who hoard food grain and give rise to price rise. What does district administration do to curb such price locally? Why not is the price control mechanism formulated so many times work effectively?
It appears finance minister also do not want to disturb traders from whom the political parties get huge fund and donations. Concerned Ministry is also busy in taking profit shares from traders to accumulate wealth in the name of their kith and kin. District administration is busy in taking bribes in development fund execution. After all who will bell the cat?
Who is actually bothered of pain of the poor and middle class consumers.
FM perhaps wants to gain public sympathy by speaking to bankers as if he is seriously engaged in price controls. But public very well understand his crocodile tears. He should control Commodities and equity market. What SEBI and NCDEX are doing? Recent news is that even terrorists have spread their dirty network in Share market. It shows that there is complete failure of control mechanisms said to have been introduced by various methods like KYC (know your customers) and anti- money laundering act.
Unless and until there is honesty and devotion in employees working in various government departments one cannot imagine of any reformation. One after another scam or scandal take place, government is either silent spectator or working clandestinely in partner with mischievous elements. This is why during last three years there is all-round rise in price of all commodities. Several task force committees have been set up in the past but the actual result never comes. All so-called price control measures are punctured by traders through extension of bribe to the person who is supposed to check prices and monitor them. Rather I would like to add here that it is government officers who teach ways and means to TRADERS TO EARN MORE AND MORE MONEY AND IN RETURN THEY GET HUGE BRIBE WHICH CAN FURTHER BE SHARED WITH MINISTERS. This is the vicious circle which is the main reason behind all maladies in the system including cause of escalating price rise.
