DUE TO CONNIVANCE OF DELHI GOVERNMENT, PRICE RISE IS UNCONTROLLED-DR. HARSH VARDHAN

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. Dr. Harsh Vardhan has said that due to the

connivance of Delhi Government and failure of Government machinery, price

rise is uncontrolled. If price rise continues further then poor people shall leave

Delhi in large numbers. This will adversely affect the economic system and

He told that according to the Government data, the rate of retail

inflation in Delhi was at 12% which is highest during the last 8 months

whereas the rate of wholesale inflation has reached 8%. As a result the

common man is spending a major portion of his earning in purchasing food

items. This has resulted in the shortage of demand of other commodities

adversely affecting the industries. According to an estimate about 10

thousand small and cottage industries are at the verge of closure.

Dr. Harsh Vardhan told that on the 7th

agency Standard & Poor has warned India that if the financial condition of the

Government continues to be in bad shape then India may be put in the list

of dumped countries. If it happens then lakhs of Indian companies may not

be granted loan from foreign countries. It will directly affect the economic

November the world rating

At present the price of vegetables has increased by 46 to 150 percent in

comparison with last year. The prices of fruits have increased by 200 percent.

Even the price of food grains have increased by 15 percent. In total the prices

of food items have increased by 13 to 15 percent which is directly affecting

the economic system. Hence the RBI Governor Raghuram Rajan has warned

that if price rise continues then our development will be stalled for long time

and the credit of India in foreign countries will be adversely affected.

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