As soon as a new Government is elected, we wonder how on earth the Finance Minister will manage to take care of the huge expenses required to run the nation without taking recourse to increasing taxes. We face the same issues although on a much smaller scale when it comes to balancing our family budget.
In India, as elsewhere in many parts of the world, costs of living are increasing. Inflation in India has been at its highest point for the last few years. The Economist recently reported that the inflation rate is closer to 10 % than the latest estimates of 7.82%. Prices for most items are rising because of increases in prices of two dissimilar but rhyming items- international crude and food.
People at Work & Play 