Ad Here  
March
April
May
June
July
August
 
 
Sweet news for TN sugar mills Shanti and Sadhana through Music Plummeting profits of PSBs Sweeter prospects for sugar Mu Sigma – is no more Tribute – Manikam Ramaswami Muffled voices for merit… SoA @ 80 No Maha Koottani in TN... Medical costs hit the roof... Infrastructure funding – lessons learnt A Grand Finale for SN’s MS centenary at the US… An inexplicable neglect A glass full of corruption Boy, can you beat these? Whistle-Stop Tour of Raghuram Rajan GNS - 100: our first subscriber PPP mode for upgrading Corporation Hospitals Cement prices continue to rise… Strengthen the base... TN accounts for the largest recruits by the IT sector Engineering seats go abegging CII projects higher growth… Solar, solar everywhere … Secularism and anti-Hinduism IPL type auction for VCs? Convulsions in The Hindu Reliance’s TV – 18 ready to launch Tamil News Channel Gas is the way forward No engine for this car A more liberated TN… Tribute Building loyalty through the stomach When the President was rendered homeless… A yen for wastage… London, London Narayan More Shakti to resource mobilisation... Why this malaise in medical education? Shale gas and its shallow future Varuna (rain) in 2015; Vaayu (air) in 2016. Chennai devastated Naidu will soon build a new Hyderabad L&T- the specialty of special purpose vehicles Roaring Ro-Ro facility The sea- saw battle continues... Wanted: a second airport for Chennai Tribute – UCAL Selvan… Dr C Rangarajan returns to Chennai Where a state respects its litterateurs… Nuclear power at the nucleus Readers' Mail Padma Bhushan for A Ramakrishna Discoms deserve better… F C Kohli - his concerns all embracing A C Muthiah – his munificent bequeaths to science Mersal magnified Delhi Chalo... Airlines in India: cost and space Build close rapport with business leaders Moily’s bold thrust The Jan Dhan bonanza Measuring roof tops in terms of KW/MW Vibrant Gujarat A friendly business group The balancing act CIPET hqrs to stay at Guindy – for the present? Diamond jubilee of Egmore Samskrt School WTO Meet: resolved to meet again Modi and the lady Intellectual of rare qualities Breaththrough in malaria control The rise and fall of Annamalai University Banning booze... Wise Presidents Paytm karo... Welcome focus on core competence S V Raju – a ‘good’ true liberal R Sridhar steps down as CEO of Shriram Capital Parliament in paralysis... Focus on quality of power - its only around 170-180V More heat than light Rahman at CIC Maximising the micro pricing … The few handicaps... EEC at the National Media Centre Delhi is distant… Road development slows down Fuel for thought Welcome changes that testify to Jayalalithaa’s return to health This scant respect for Law Excel Generators provide the vital back-up Fortune 500 review Demise of a media baron... Eternal support for capitalisation of PS banks No mega rail project for Tamil Nadu A Grand Finale for SN’s MS centenary at the US… TELANGANA at last…BUT All eyes on Sankara Nethralaya TN-leverage strength of BHEL, NLC... EVM is tamper-proof Modi storms Silicon Valley Online not in line with brick and mortar businesses... Insurance companies bleeding, yet no decision on increasing FDI limit! CSR and CMI: promise of another Srinivasan Ramanujan... Adapt Vajpayee dinner diplomacy Chennai and Kolkata miss opportunity to grow as Delhi and Mumbai Gay abandon in pricing For whom the MIDS bell tolls? Like Hinduism: many paths to reach God... Naidu’s return augurs well for Seemandhra Air Asia India will set new benchmarks for budget travel For whom the bell tolls? Make standards certification mandatory... A rich pool of talent not utilised…. China invests in India Solar thermal shines… Bihar – Nitish Kumar adopts the Lalu model When online building permits work…. Put expensive assets created to use... Funding the un-funded Tatas moving out of urea production... Recognition to role of NBFCs.... Fall in crude prices help in oil sector reform Welcome GST …and of a popular trade leader Odisha: spectacular win by Naveen Patnaik IAS invades NDDB... Polls and promises When Ratan Tata visited SRM Permanent secretariat for TN GIM The rise and rise of KCP The brown list of Venkitaramanan Cutting the nose to spite the face Liberal imports idling indigenous capacities Not just in-laws (and outlaws); they’ve renowned academics at the helm! ONGC at KG Basin A welcome initiative by the judiciary Don’t seem to feel the pulse… When TN politicians can emulate Kerala's Fortune for Indian Airlines Kudos to NDTV... When small is no larger beautiful.. Noble nonagenarians... Inflation: are we emulating Argentina and Brazil? Shaming of Tamils by Tamil farmers at Delhi Music happens West Bengal: mindless malignancy Adharma of opposition politics Another Indian music maestro at the UN Contrarian cousins More tributes to GR Poor quality of university VCs Waning interest in public discussions… He continues the focus on social amelioration More Shakthi to Das’ elbow TN – agglomerate land holdings without alienating ownership Computation of GDP – conundrums continue Five star activism stalls development activity Tatas moving out of urea production... Lesson from Chandrababu Naidu Preserving for the future An informal presentation - analytical, forward locking... Align crops to agro climate endowments… He saved millions from starvation... Auto components surge… The ‘Jayanthi Tax.’ The power-full Hindujas The Swadeshi Trump Protest masters... Welcome thrust on trade in Modi’s foreign visits... Delhi is distant MHC should not return to its old indisciplined ways Rs.1600 crore paper board plant of TNPL L&T: focus on infrastructure and more infrastructure… Robber barons everywhere Godspeed, Chief Minister JJ Tough task taking states together Remembering Indira Sivasailam... Making ‘my Amaravati’... Kulandai was a giant Of course, Gujarat is vibrant Should we change the official year? Land reclamation from sea appears cheaper! Towards speedy justice to the lack of interest on the part of these to focus on original research. This despite the much lower costs of such research in India. The industry which thrived on the protection of a closed economy and the advantage of a vast domestic market, has failed to organise its evolution on healthy lines Things happen by accident and not by design... Russi Mody – a tribute Why land prices zoom in TN? Lalu’s envy, India’s pride Delhi returns to BJP Silver Years of Madras Musings Editor's Notes Tax agriculture Telangana in top gear… Sri Lanka votes for change TGS- The king storyteller Bihar elections - the Rajaji formula worked How Air-India loses customs... A think tank for Chennai Tihar, Puzhal not different from Parappana Agrahara Small units prefers to remain small... Poor representation for Kerala and TN in Cabinet The star of Spencers is no more Kinetic Karnataka The ‘Ayyo-yes’ is no more Increasing non co-operation of state leaders TIAM turns a full cycle Tribute – M V Murugappan Scientists urged to take up farmer-oriented research Pharma – overdose of copying PC’s preference for professionals Cleaning Ganga – relocate tanneries and install electric crematoria A professional at the helm of IRDA... Editor's Says Quality education through the PPP mode When nations steal growth from one another… Which side are you, Montek? There was flood of milk. Reason: no milk commissioner! Come elections, come advertisements... Revving up the manufacturing sector Streamlining mandatory third party cover Multi-faceted Venkat The Ports’ Pasha expands into Tamil Nadu Quality silica from Neyveli Where is Rajaji? New IT products of Ramco in the pipeline… Colour-Chem’s colourful KRVS Alexa – Talking Wikipedia The why of tax incentives Haul over the coal B H Kothari - a tribute IPL - no surprise this scam Marketing expert Balagopal is no more The Gulf aviation boom A proud Madrasi Valli, they are more marginalised Return to king coal for urea... Revive development banks... An enemy’s enemy is a friend Limit foreign borrowings to hi-tech, export potential projects... GM Technology at last! Shipping woes of Chennai companies CRS, a jewel among managers, is no more. S Ramanathan – a versatile musician, musicologist The nuclear option
 
Inflation: are we emulating Argentina and Brazil?

In just around a decade, real estate prices have zoomed: in  Chennai, the price of a flat in a multi storeyed building has increased from an average of around Rs 1250/sq.ft to Rs 12,000/sq.ft. Sadly, there is not much effort to look into the why of this and take corrective action.

I  am citing   a couple of instances related to common products – light fixtures and water taps – as examples of the gay abandon in jacking up prices unrelated to costs:

Chinese products dominate the light fixtures market. As in the case of toys and several other products, these seem to have driven out small-scale units from Delhi, Mumbai and elsewhere. The prices are arbitrary with no warranty and they are subjected to the whims and fancies of the trader. Five months ago, such a light fixture with the bulb and fuse system was offered for Rs 520 a piece. In November, this has been increased to Rs 720. The CFL bulb is priced at a whopping Rs 330. When such bulbs are claimed to have long life, a few of these last just a couple of hours and the consumer is not entitled for a free replacement.

Jaquar has earned a reputation for quality pipe fittings. Hardly, three months ago, such a fitting was sold for Rs 720. Today, the price has been jacked up to Rs 950. The material content in such a pipe is only a few grams of steel. There is no explanation for such steep increases effected by the day.  There is simultaneous increase in the price of every component of construction materials -  sand, cement and  steel...

Are we on the path of the Latin American countries, which are in the grip of uncontrolled inflation?

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com