Decrease of crude oil prices but Rising prices of goods

We all generally see when ever the diesel and petrol prices rise the all our daily goods, general goods, vegetables price hike. Its true. Is that so because the transportation cost of all these materials increases due to hike in prices of diesel petrol.

Technically and theoretically the the price of all our daily goods, general goods, vegetables are directly proportional to price of diesel petrol price or say price of crude oil price in international market.
Presently  crude oil prices are down in international market, result in price down for diesel petrol, but the all our daily goods, general goods, vegetables are available at the same price as it was earlier when the price was hiked for diesel petrol.


Once the all our daily goods, general goods, vegetables prices rises never go down, their prices only increase but don't decrease.

Price should be down for  all our daily goods, general goods, vegetables also as we are looking there is price for petrol diesel lifted down. But its not, I'm curious to know. If you know the reason, you can share it with all of us.

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Impact of Clean Note policy of RBI

RBI (Reserve Bank of India) is going to implement Clean Note Policy by 1st January 2014, that means any Note will not acceptable if something written on the Note by pen or pencil or there is colour on the Note. This policy will be beneficial for sure in future, but implementation of this policy is going trouble a lot everyone in start.

Now go in to deep of implementation of this policy, first writing over the currency shows disrespect to your country currency, second, this policy will be beneficial in some extent, like life of a Note will increase, directly beneficial to decrease cost to manufacturing a new Note. Third, It will help to identify the fake Note, currently when we write on the watermark window of not destroy the watermark of Note. Fourth, Implementation of this policy will trouble a lot in start, but after that it will be beneficial.

Next thing is implementation of this policy is a challenge in itself because there are lots of Notes in the market, banks and lockers of  individual which is not Clean as per RBI guidelines, how RBI manage all these Notes? Implementation of this policy must be like that so a common man must not be affected.


#RBI #CleanNotePolicy #Currency #Rupee #IndianCurrency

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