Meltdown chills down..

Finally, the hopes on stocks are increasing. Bombay Stock Exchange witnessed some good moments after almost a series of stock market crashes in various forms. Now, all those who rely upon stock market as their only source of income can have a sigh of relief. The pressure has been vented out very carefully by the Finance ministry of India. Applauds to the Finance Minister who has, for once, been so strong in his position and kept supporting the markets all the time with positive comments. His words gave the investors all the confidence they needed to make sure stock market is still the best place for investing their immense wealth. SENSEX shot up to 15,000 few months back and that was when inflation started going down marginally. Suddenly, the effect of Western policies on trade and commerce resulted in the increase in the strength of U.S.D against INR which set the spark for the inflation to reach an index that has never been touched before. When I expected inflation to reach 15% in another couple of months, I was surprised yesterday to find the figure actually going down. There was a marginal fall in the inflation figure and at last, it reached 11.8% yesterday after a long period during which the prices of fuel and food was going up faster than Ferrari. But, there is an aspect of the market which I don't understand even after putting my mind on it for a very long time. American economy is crashing down fast and inflation in India has showed some sign of recovery. Then why did the value of U.S.D go up against I.N.R? Inflation directly reflects the value of currency. If inflation goes down, the value of I.N.R should actually go up but it is happening the other way. Everything is going down in India! Soon, we can expect the prices of all the commodities to go down. Let us hope the day is just too closer from her.

I am affected..Thanks to the Indian politicians..

There are so many happenings in the country to prove that most of the politicians in India are totally inefficient, incapable and irresponsible illiterates. The American economy seems to be crumbling to pieces but the politicians over there are smart enough to pump $700 billion into the business to save the nation. But, our FM who lauds himself to be a genius when it comes to finance couldn't help the nation by providing proper aides to free it from the tightening clutches of inflation and price rise. All he does every time the media comes with the figure of inflation which keeps rising everyday, is to appear in front of the press and address the nation with a single statement:

"Indian banks and financial bodies are immune to the rising crisis"

May be he is insulated from these problems but not the common man. There were days when petrol was sold at Rs.35 per liter. But, I was so unfortunate that I was riding a bicycle at those times and now, when I love bike riding, my parents are not ready to waste money on petrol since the price has gone up to almost 56. And my bicycle is also rusted now. How can I use it again? Now, all my means of transportation are blocked! This is what our Indian FM has done to me.

Few months back, I made it a habit to play cricket everyday in the morning, no matter what the weather guy told about the weather. Water packets are essentials for us. As a result of inflation, even the cost of a water packet has gone up by 50 paise. It may sound so silly since the cost is too low to compare with what the American Government has planned to invest in the market to bailout the sinking ships. But, when you consider the amplified image, you would find even a single penny making a big difference. Today, once again, our FM has released a statement according to which our markets are stable, strong and sound. Dear FM, if that is the case, can you tell me why inflation is going up faster than NASA's spacecraft and why the food and oil prices have increased by several folds???