Inflation Weighs High on Middle Class and Poor Families in Indian economy?

It's all about the inflation in India, which is said to be in negative mark of late. The inflation rate however lower in Indian economy but weighs high on the middle class families. In the point of view of middle class families the inflation is just a jargon, which they can't understand very easily. It is the economists and experts those define it and the society follows. But in order to cross check the actual status of the inflation one need s to well verse in the calculations and economics theories.

The food prices in India has been raising and the people of the country are feeling the pinch. In the case of middle class families and their house hold budget is just reversed. Everybody is clueless how to manage the household budget in this tough time. The job market scenario has been completely changed due to the on going economic crisis and no answers are heard - how long it will go.

Recently, few news channels had shown the prices of vegetable and groceries in various markets. The shown prices on those news channels are enough to define the pinch of middle class families. Last year, the situation was completely reverse - there was high inflation rate, even touched to the double digit for the first time last thirty years. Despite the people were able to manage their budget, but now the inflation is in negative points and people are unable to bear the expenses for their livelihood. It is too difficult to say that how the prices of goods will reduce as the inflation is yer to raise from the negative slope.

Villages in India to get broaband connection by 2012?

The Minister of State for Communications and IT Gurudas Kamat said that the all villages in India will be connected to broadband by 2012. It seems that government would focus on the e-governance and the application of e-governance would be a bless for six lakh Indian villages.

The broadband connection for each and every village would be a big revolution in the Information and Technology in India. The usage of the Internet and various the service providers will increase and those application will create more jobs in the IT.

The usage of Internet will connect all the village globally and the flow of information might help checking the social-economic problems. The usage of the e-governance would make all the government projects to achieve projected goals. The connectivity of Internet needs the proper infrastructure and the electricity. In order to connect all the villages with Internet, the government need to focus on the availability of electricity.

The villagers can used the Internet in various development work and schools and collages would be connected globally with higher educational intuitions. The connection of Internet in all villages will transform those village into global villages.

Crude Oil price drops below $60

The price of crude oil has been dropped below $60 this week, it is the biggest drop since January this year. The international market is little volatile and the fall in the crude price is the biggest ever since January. However the price of the petrol and diesel back home increased by the UPA government.

Last year, the price of the crude touched the highest of $140 and more. It was anticipated that the price of the crude might reach to the mark of $200 per barrel. But the price of crude in the international market was dropped significantly. The decision of OPEC to check supply of crude price made the stabilized for few months.

Again the volatile price of crude in the international market would have impact on the prices of petrol and diesel in India. However, the price of petrol and diesel might change but the interest of the oil companies profit and loss will be taken into consideration.