Rice price through the roof


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tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 11-02-13 06:31:00

Ramar,
Not sure if to be belive you or not based on ground reality.

I know for a fact that my inlaw's even brought rice to Canada which was purchased from the ration shop for Rs 1 a KG in 2009, which was good to eat.

I agree that if you want to buy good rice from shops, you have to shell out Rs 37+ a KG. But then people who buy this kind of rice are well to do people.

I heard that the Govt. of India (thorugh MMTC) are planning to sell 150,000 (or that range) of wheat to reduce excess inventory and Singapore has agreed to buy it.

Yesterday when I went shopping at Pothy's, I found that Vegetables retailed at Rs. 40-Rs 70 a KG, which I agree that the utmost poor may be unable to buy.

Looks like there are no checks in TN to see that items (Mixie, Grinder, Fan and the like) are given only to the poorest of the poor and not to every tom.

Murali


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I am a Gents and not a Ladies.


dsd   
Member since: Aug 04
Posts: 296
Location: Alberta

Post ID: #PID Posted on: 11-02-13 07:32:19

Quote:
Originally posted by tamilkuravan

Ramar,
I heard that the Govt. of India (thorugh MMTC) are planning to sell 150,000 (or that range) of wheat to reduce excess inventory and Singapore has agreed to buy it.


True ...
And MMTC share rose around 20% in today's trade . I bought it and gain

http://money.rediff.com/companies/MMTC-Ltd/16610052?src=srch


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DSD


DELHI INDIAN   
Member since: Aug 10
Posts: 296
Location: Toronto

Post ID: #PID Posted on: 12-02-13 01:15:59

Mauke pe chauka.....

20% in one day. Wow.


True ...
And MMTC share rose around 20% in today's trade . I bought it and gain

http://money.rediff.com/companies/MMTC-Ltd/16610052?src=srch



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DELHI INDIAN


ramar2005   
Member since: Sep 04
Posts: 1233
Location: India.

Post ID: #PID Posted on: 12-02-13 01:21:22

Quote:
Originally posted by tamilkuravan

Ramar,
Not sure if to be belive you or not based on ground reality.

I know for a fact that my inlaw's even brought rice to Canada which was purchased from the ration shop for Rs 1 a KG in 2009, which was good to eat.

I agree that if you want to buy good rice from shops, you have to shell out Rs 37+ a KG. But then people who buy this kind of rice are well to do people.

I heard that the Govt. of India (thorugh MMTC) are planning to sell 150,000 (or that range) of wheat to reduce excess inventory and Singapore has agreed to buy it.

Yesterday when I went shopping at Pothy's, I found that Vegetables retailed at Rs. 40-Rs 70 a KG, which I agree that the utmost poor may be unable to buy.

Looks like there are no checks in TN to see that items (Mixie, Grinder, Fan and the like) are given only to the poorest of the poor and not to every tom.

Murali



Rice at Re.1 a kg is also meant only for the poorest of the poor and definitely not for NRIs. But those who are above PL also do not declare their actual income and continue with their existing ration cards to buy subsidised rice, which again requires further processing to make it fit for consumption. This is the reason we do not buy the ration rice.

Rice price is definitely not 37+ but 50+ inside TN, mainly because of diesel price hike, which has also pushed up the vegetables and other food grain prices.


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rajcanada   
Member since: Jul 03
Posts: 2713
Location: Kitchener, ON

Post ID: #PID Posted on: 12-02-13 12:56:47

Cost of these subsidies run into thousands of crores of rupees and there is a lot of misuse. Add to that thousands of crores of rupees spent on providing freebies like television, mixer, grinder, laptops, cattle; free rice, sugar and cash on Pongal day, etc. Now people will complain what is the use of giving just one kilogram of rice and sugar for free and Rs. 100 free cash these days does not buy anything but it would have cost the TN government in hundreds of crores.

If Tamil Nadu and some neighboring states do not end this freebie culture they will not have any money left for essential services and infrastructure spending and ultimately some government in future will have go begging to the central government to save them.


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ramar2005   
Member since: Sep 04
Posts: 1233
Location: India.

Post ID: #PID Posted on: 14-02-13 01:08:37

Quote:
Originally posted by rajcanada

Cost of these subsidies run into thousands of crores of rupees and there is a lot of misuse. Add to that thousands of crores of rupees spent on providing freebies like television, mixer, grinder, laptops, cattle; free rice, sugar and cash on Pongal day, etc. Now people will complain what is the use of giving just one kilogram of rice and sugar for free and Rs. 100 free cash these days does not buy anything but it would have cost the TN government in hundreds of crores.

If Tamil Nadu and some neighboring states do not end this freebie culture they will not have any money left for essential services and infrastructure spending and ultimately some government in future will have go begging to the central government to save them.



Household items like TV, mixer, grinder have become very essential. Why should we call it "freebies"?

Do we call the tv, mixer, grinder etc, we buy for our homes as "freebies" for our spouse?

The people who enjoy these "freebies" constitute not less than 90% of the population. Whatever wealth the country has this 90% distribute among themselves . What is wrong in that?

As the Supreme court advocate Ms. Meenakshi Lekhi mentioned, we should ask ourselves "why this country is rich in resources but still the people are
poor?"

If at all, we should be concerned about the remaining 10% who are the first to corner these benefits. This 10% are educated, but yet selfish and arrogant. It is from this 10% who hoodwink the law, cheat the government, but are the first to enjoy and entirely occupy the good roads with their luxury cars and mow down people sleeping on the platform.

They get the best of the healthcare, get the best of police and armed forces protection under the garb of having to maintain Law and Order, but beyond everything they will go all corrupt ways, earn their wealth and hide it in tax havens.

They have lobbyists to speak on their behalf in State Assemblies and parliament and have their tax dues, worth lacs of crores silently written off in Budgets.

The 1000s of crores for the commone man is nothing comapred to 1000s of lacs of crores cheated by these criminals.


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tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 16-02-13 01:36:30

Good reply Ramar.
But I would disagree with you on the numbers.
As per my knowledge of India in the past 2 years, I would say that
1. 10% are super rich.
2. Around 60% are middle class (Income basis is Rs. 20 lakhs per annum to Rs. 2.4 lakhs per annun)
3. Around 20% are poor (Income from 2.3 lakhs per annum to Rs. 60,000)
4. 10% of Indian are destitute. (Income from Rs. 59,000 to Rs 5000 a annum).

As per my view, Govt. should support essential items to only 30 % of the population (like grinders, fan, mixies, subsidized gas, Subsidised train fare, ration, money handouts etc..) but now unfortunately 90% of the population are enjoying it. This is due to the non computerization of India. Hopefully in a few years time, India will be fully computerized, aadhaar will come, and benefits will reach only people it is intended to.

When subsidized gas was reduced from 12 cylinders to 9, I was dismayed to see even people earning Rs 20 lakhs a year complain that the Govt. was fleezing them. This is totally unacceptable.

Murali, India


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Contributors: ramar2005(6) rajcanada(3) tamilkuravan(3) febpreet(1) dsd(1) DELHI INDIAN(1)



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