This refers to your editorial Paying the price (Business Line,
july4,2013)The economy itself has become high cost thanks to erroneous
taxation, imported inflation, domestic inflation, the aggressive pricing
pursued without really assessing the affordability of a large segment
of population and the never ending greed to maximize profit without any
ethics or values . The service tax, low rate of interest on
savings of the people, high cost of borrowings, uncertainty of
continuing in jobs because of employment conditions in a deteriorating
economy have been the major issues affecting the general consumption. Above all, lack of confidence to
survive in the whole system as to what is in store for the future in the
absence of any social security, lack of accountability on serious
lapses in the event of failure of the institutions etc have been
lingering in the minds of people which find expression in the lack of
demand for consumer items and general consumption pattern. The practice
of having maintenance expenditures on every consumer item discourages
the demand for such items.
Dr.T.V.Gopalakrishnan
(This comment is in response to the editorial paying the price that appeared in Business Line dated 4th July 2013).
No comments:
Post a Comment