The Economy and the words pass through

Pass through

The words pass through are perhaps of comparatively recent origin in Indian Economy and Finance.Recently when the proposal for Coal price increase was mooted by the FM he said this needs to be passed through . When the prices of imported oil have steeped then also the Govt used these words pass through meaning the price increase should be simply passed on to the consumer. How many such pass through s can be borne by the ultimate consumer is not made clear and how much capacity he has to bear the pass through is also not known. The inflation is so high because of several items of expenditure which include black money, corruption service tax, transaction tax, sales tax, transportation cost, storage and distribution cost and all these costs are given the pass through effect and because of  this, ordinary masses are passing through the most difficult time without knowing as to' how to and whom to' pass through the difficulties they encounter. Hope the economy will pass through the difficult phase and wisdom will dawn upon the policy makers to set right the wrongs and put back the economy back in safe and speedy growth track.

Dr.T.V.Gopalakrishnan

( This comment appeared in Business line dated 24/613).