Thursday, February 8, 2007

Controlling prices

The Chief Minister announced yesterday that prices of essential commodities and food items in hotels will be reduced by 5%. This happens when the papers report that the prices have gone up by 50 to more than 100 per cent. In the same cabinet, it was also decided that the price of Milma milk will be increased by one rupee!
But the traders and hoteliers maintain that they are unaware of such a decision (to reduce prices) taken by the ministry in the presence of their representatives. So, in effect, the announcement of the CM appears to be just an eye-wash!
How long can a 'popular' government sustain itself through such gimmicks?

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