• Welcome to itatonline.org Forum.
 

News:

ITAT issues guidelines for stay of demand.

Main Menu

Reduction of price of essential commodities

Started by brett_lee38, December 26, 2009, 03:18:46 PM

Previous topic - Next topic

brett_lee38

The Govt has ability to reduce the price of essential commodities, what my suggestion is that the Government should increase the rate of interest on fixed deposit in the banks. Presently the banks are paying nothing that is why people are constrained to invest in false schemes of mutual funds. Once Govt enhance the rate of interest by 12% the prices of "Rodi Kapda Aur Makan" will reduce automatically. The logic behind is that no body will run behind these mutual funds or insurance based funds. Actually these funds facilitate the requirement of money of the Big Companies and these companies' keeps on buying the properties and hiking the rates once their financial input will break the price of all the essential things will fall down