Our esteemed Prime Minister, Dr Manmohan Singh, has precisely the right solution. High salaries to employees of Multinational Corporations is the cause of inflation. Giving salaries to too many people causes them to chase goods pushing up their prices. Instead, salaries at the low levels should be cut and it should be increased at the highest levels. That will reduce inflation in two ways. First, the consumption basket of the rich is different. The likes of Anil and Mukesh Ambani do not compete with the poor people as much as people like me do for their consumption basket. Second, super-rich people save more than merely rich people, putting downward pressure on prices.
Increasing income disparity is just the right approach to controlling inflation.
Via my cousin-in-law’s twitter feed, I came across an awesome story of misunderstanding, stupidity, revenge and true love made possible only by the magic of technology.
Update: A helpful comment on the above story tells me that the innocent word in question “s?k???nca” literally means “in a squeeze”. The word reminds me of the Hindi word “shikhanja” which has a similar meaning. It is entirely possible that Hindi borrowed the word from Turkish. In that case, our failure to borrow the other word represents a huge missed opportunity to tackle our population problem.
My previous post has elicited angry accusations of stereotyping. I accept the accusation. On the controversial issue of whether Triple-X is an appropriate name for a family restaurant, I too need to concede defeat, for it turns out that there is a Triple X Family restaurant in Indiana.
Some genius has introduced a detergent branded Triple-X in the local market. I keep hearing ads for it on FM, invariably in Telugu. I have not been able to divine if this is an elaborate spoof.
Someone in the Obama campaign had to quit because she called her neighbour’s children who had climbed up a tree “monkeys”.
The Virgin Group and Google announce a joint venture with the aim of establishing a permanent settlement on Mars. The name “Virgle” is obviously a play on “Virgil” who was the guide who took Dante on a tour of Hell in the Divine Comedy
Unfortunately, the only reason people would remember her [Samantha Power] is for calling Hillary a monster. (Avataram)
It is bad enough that this guy violates the Law of conservation of H. Worse still, he has picked up North Indian habits.
Jawaharlal Nehru Professorship of Indian Business and Enterprise!
What an extremely informative article! Just the kind we’ve come to expect from Mint.
As a service to society, I swear that I will stop baiting Dilip if he stops attempting humour.