camaraderie with the people of India.

Hi All,
This is just what I experinenced during 2007-2010 period of my life in Chennai city,Tamilnadu.

Certain facts before I start{

Allowing the price of petrol to be decided by the market has added about 3.5 rupees to the price of a litre of petrol.
And kerosene, which is used for cooking by tens of millions of poor Indians, went up by 33% (3 rupees per litre) in the first such increase since 2002.
India imports around 70% of the oil it needs.

As we all know India imports around 70% of the oil it needs.Rising crude oil prices have been weighing heavily on its state-owned businesses
- such firms run 90% of the country's fuel retail outlets.

Escalating oil prices could cut economic growth across Asia by at least 0.6%, the Asian Development Bank has warned.

The Finance Ministrysaid food inflation, which fell steeply by almost four percentage points during the third week of July, will take some time to come down to an acceptable level of 5-6 per cent.It's never goiong to come down we all know.
}

The funny part is like as the petrol price increases the hotels in the city are very much eager to oincrease the price of the food stuffs.
When asked ,they put the blame on PETROL price hike.There is no governing body take action on this.

I have experienced a price of 55% price hike in near by hotels where I stay(Thiruvanmyur,adyar) which usually people go unnoticed.At this moment I just recalle dmy elders saying,the price was X in our prime time and now its become Y .I used to smnile at them thinking cost of living increases as time goes on.

But its shocking fact that in just 3 years prices has gone alarmingly high.

As we know these are viscious cirlce increase in one triggers the increase in price for the other.

Cost of living gone rocket high in Chennai(lesser compare to other metros).

contnn..