Falure of Governance
The Government at the center seems to have totally lost its its control over price rises, whether it is petroleum goods or essential commodities. Reserve bank of India's endeavor in revising repo rates and cash reserve ratios of Banks certainly have failed to control inflation.Current trend poses a serious impending damage to the economy. The increase in lending rates of Banks announced as a consequence, certainly is going to affect the people, who have already suffering decline in their purchasing power. Prices of food grains and groceries have shot up considerably; hike in transport fares has pushed up the prices of vegetables; medicines and cost of medical services have also show an upward trend. Education, particularly, the cost of higher education has become dearer, despite the Government providing necessary infrastructure facilities to private players like land, water , electricity, etc. The fees structure for Engineering for an example has been revised from the Rs.32,500 to