Blog@GraceJunction

The Reserve Bank of India came out with advertisements titled ‘Know your Bank Note’in newspapers across the country to educate people in spotting counterfeit currency. Indians were exposed to terminologies and technologies there were unaware about earlier like watermark, latent image, micro lettering, see through register, optically variable ink, security thread, intaglio printing, omron anti-photocopying feature, flouresence et cetera. Most people never knew that the note in their hand had so many in-built security features. Most people, even now, do not understand the need for it!

Why should Reserve Bank be so concerned about counterfeit at all? Are these notes a threat at all? (more…)

It been some time since I blogged. Well, I didn’t have any withdrawal symptom for sure. I wanted to ensure that too because of the way I was blogging, I had a feeling, whether it was becoming a compulsion. Gladly, all is fine.

During the time of this hiatus, however, I did have my urges to blog over certain issues that came up, but then I was really held up with some or the other work.

During the week, two figures firmed up significantly enough to impact thousands of people.

One is the inflation in India. It is almost becoming a sinful indulgence to buy simple fruits and vegetables. The Alphonso Mango has become unapproachable. The vendor showed me four pieces and said with absolutely no feelings at all, “one hundred fifty”!! I mean, almost 38 for a mango! Gold is firming. Good. Realty is firming. Good. Deposits in bank are firming. Ok. What about liquid cash? We need cash for our regular routines and its power is surely draining away. We can’t sell gold everytime and eat the profits! Inflation is hitting everyone hard. I am buying Kesar and Badaam mangoes to make up for the Alphonso vacuum! (more…)

It has happened after 40 months. Inflation has touched the 7% mark. Minerals and staples like vegetables, rice, wheat and edible oils, all have taken a northward climb.

The reason cited is that the demand for staples and vegetables has increased and the supply has not been as forthcoming as expected. The agricultural output has reduced, due to not upto the mark monsoons in certain sectors and bad throughput in other areas. Climatic changes have also effected yields.

The demand has increased manifold!

So naturally inflationary pressures are natural outcome of such a situation. A supply shortage does fuel inflation. (more…)