Friday 24 June 2011

MEHENGAAI

Mehengaai or in economically sound language i should say "Inflation ", the word which alone is suffice to give goose bumps to bourgeois , as any alterations in the inflation levels badly affects the whole monthly budget of these proletarians, you must be wondering why am i giving so much emphasis on the working middle class, well, i am just talking here of the ground realities because they are the one's who are most badly affected when inflation levels surge, because for them a penny saved is a penny earned ,while the tier 1 and 2 societies who are quite well off ,are not that much affected.
                            In this hostile world where almost every corner  is inflicted  with one or the other problems like terrorism,contagious diseases, sky high debt levels pushing the countries into the abysmal recession , horrendous earthquake cum tsunamis etc the recent Arab spring was absolutely uncalled for.The middle east tensions which are worsening every day and there is no hope of this political turmoil coming to an end anytime soon , has raised the concerns over inflation as these tensions have disrupted oil supplies thereby leading to the surge in oil prices ,though india doesn't depend much on libya or other neighbouring countries but still , the ramifications on economy are quite palpable. Every second week government is heard anouncing the petrol/ diesel hikes by 2-3 rs.Crude prices alone are not concerns among the people but also the food inflation which has not come below 9% mark for over 2-3 months.
                                     The government and central bank i.e RBI need to bring their synergies to tackle this problem.Although RBI has been trying to curb inflation levels for quite a long time by increasing the repo and reverse repo rates ,and government intervenes when supply side factors are concerned ,but the government and RBI needs to work in tandem and introduce some monetary  instruments which they are able to refine when necessary.Realistic growth estimates and greater cohesion between the government and central bank are the key ingredients to keep inflation in control.

Thursday 23 June 2011

Renewing E-Waste


In my very first blog i have picked up a social issue or, should i say an "Environmental Issue" as the heading says Renewing E-Waste.Before going any further i offer my apologies to the readers beforehand for any kind of mistakes i may commit during this post which is beacause of my being a juvenile writer whose trying to improve his blogging skills. Without wasting any more time let me cut to the chase and talk about E-waste.
     
                                           The E-Waste management and handling is one of the most important challenges being faced by the residents of this planet, in order to keep the environment safe.The government of india has already realised the importance of the subject and has framed certain rules for E-waste management in this very year which it plans to bring into effect from the next year.But before these rules come into effect there is a big responsibily which lies on the shoulders of both the producers and consumers of E-Waste.In this regard producers need to set expiry for each of their product which further should be designed in such a way that at the time of expiration consumers get monetary incetives on selling the scrap which has left behind.
                                E-Waste management can also act as an employment sector creating tens of thousands of jobs as today, maximum amount of it's disposal is being handled by the informal sector having no professional training or Scientific and technical skills to handle the scrap.This calls for active participation of state governments apart from the union government.Facilities must be created in order to train such a large workforce who are capable enough to scientifically dispose the hundreds and thousands of tonnes of fresh electronics.