Here is the reality bite from the recent Service Tax increment as imposed by the Government of India. Well, the effect has been worse on the actual prices. Let me give you some examples, my daily juice can got dearer by almost 12% and my milk by 25%. Well the taxes imposed by the Central Government where certainly not 12% or 25% or not even 5% to be accurate. Then why has there been a sudden increment of prices in almost all commodities.
Well, is there anyone who actually control prices and looks after the welfare of the consumers in India? You can definitely call ‘Jago Grahak Jago’, but will it be of any use? Or is it the effect of invisible force called the Inflation? We tend to ignore the small rise in prices, but in practical it will bring huge profits for large companies and in turn the Government.