The cost of living has been on the increase and there is no way of making it come down but inflation has been on the decline and will continue to fall further over a period of time. The prices of food items like dal, rice, grains,pulses, vegetables, oils, fruits, and all other items of food without exception have increased over a period and people are suffering is a ground reality. The cost of living has increased by leaps and bounds thanks to increase in travel costs, increase in the prices of food shelter and clothing, medical expenses, educational costs etc etc. The experience of ordinary masses is miserable and by and large they are finding it difficult to make both ends meet.
Service tax among other things is the culprit behind the ever rising cost of commodities and services and this Government and its bureaucrats continue to tinkering( like any other Government in the past) with the taxes which are highly inflationary.Instead, if the Government is after speculators, hoarders, black money dealers, corruption in various places, improving the Governance standards in various institutions particularly banks and Public Sector undertakings, the revenues of the Government will automatically get augmented and they cannot be inflationary by any reckoning. Old habits and practices of tinkering the taxes to loot the masses if continued, the so called Ache Din will be a distant dream and it wont take much time for people to realize that they have been very nicely fooled with empty promises and false hopes. People really do not understand the difference between inflation and cost of living is a fact which needs to be convincingly explained by the authorities with reference to the wages and inflation.
Dr T V Gopalakrishnan
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