INFLATION OF RICING OF PRICES
Inflation is one of the major problems of the world. It is an economic term. It means constant increase in the supply of money. When the central bank expands the money supply or money in circulation inflation takes place. The prices of commodities and services rise due to increase in demand inflation rises its ugly head. In ordinary speech inflation is often taken to high prices. The problem of rising prices has become very serious. Most of the people in our country are poor. They have very small income. There are some salaries persons wit a fixed income. Therefore they are badly hit by the rising prices of the essential commodities of daily use. The prices of goods are rising every day in our country. The living standard of the poor people is dwindling day by day. Inflation gives rise to some malpractices in the society. The people who fine it difficult to meet their daily expenses they are compelled to adopt unfair means to get money. They become robbers dacoits thieves and pick- pockets. The government officials start taking bribery and abusing their powers. In this way they promote injustice and cruelty in the society. Growing social and political evils like bribery hoarding tax evasion smuggling profiteering and political chaos become rampant due to selfish interest and moral apathy. There is no sanctity of law in such a society. People believe in the saying. Make hay while the sun shines.
In order to check inflation some solid steps should be taken sincerely. The Government should frame reasonable and realistic policies. It should curtail its non-productive expenditures. The government should increase industrial and agricultural production. It should control the birth-rate through family planning programmers. It should check the import of luxury goods.