Increase in transportation fares will lead to vicious cycle of inflation
Threat of bus fare increase due to enhanced fuel prices is a permanent head ache for the common man. This will lead to a vicious cycle of inflation too. Consideration for the welfare of women and children is a healthy trend. Aim of urban development and slum clearance will pave way for growth. Development of rural and urban infrastructure with an expansion of 20 km highway per day is a positive phenomenon. It is seen that development of highways directly and indirectly helps the rural farmers. A decreasing trend in budget deficit of 6.9 per cent in 2009 - 10, 4.8 per cent in 2011 - 12 and 4.1 per cent in 2012 - 13 is good. Privatisation of insurance and increasing monopolies will widen the gap between the haves and have nots.
T.V. JAYAPRAKASH, MA(Eco), MA(Socio), MCJ,
Vice Principal, MES Women's College, PALAKKAD.Research Officer (Rtd), Directorate of Economics and Statistics, Government of Kerala.
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