How greedy can they get?.

Mickey S · Jul 28th, 2008, 03:45

Quote:

Originally Posted by Noni

The price of petrol, is 119.09 np a litre now... butter was 53np

NP? You can't mean new pence, surely? I haven't heard that since 1971.

bruce3404 · Jul 28th, 2008, 04:05

Quote:

Originally Posted by riws76

I would agree with the traders - there should be a special charge for brits and americans. It is your Bush and his poodle- Tony Blair

who are responsible for this mess.

All this price hikes are because of INFLATION which is because of this massive OIL SPIKE (due to iraq mess) and there are poor people who are suffering for this. on top of it all, they get accused of being greedy by the very ppl responsible for this problem.

There was no reason to launch your 'blood for oil' programme in iraq, we all heard of 'freedom fries', now how about some 'freedom money' ?

While the Iraq mess has been responsible for some of the current oil crisis, there are other reasons, including oil company greed, speculation in oil futures, and the growth of the middle class in countries such as China and India. The real answer here is development of alternative energy sources. Should Americans/Brits get a discount if we didn't vote for Bush/Blair?

Regarding the original complaint of a restaurant charging high prices in Goa, the clear answer is to not patronize the place. This is really no different than anywhere else in the world. You want food on or near the beach in Goa in a place that caters to tourists? You'll probably pay more than if you find a little "locals only" hole in the wall a few blocks away from the tourist zone. Works the same on the Champs Elysees, Rodeo Drive in Beverly Hills, Via Condotti in Rome...well, you get the picture.

Noni · Jul 28th, 2008, 04:21

Quote:

Originally Posted by Mickey S

NP? You can't mean new pence, surely? I haven't heard that since 1971.

Whatever! am tired, but it is still bloody expensive.

Brisso · Jul 28th, 2008, 05:21

Quote:

Originally Posted by shashank.aggarwal

Yes, seriously a silly reason, similar to some people blaming, India and China for the inflation..

Clearly the huge amounts of capital inflows to India, increased consumption especially in China, huge foreign investment by both China (see resources sector internationally) and India have a real bearing on domestic and international inflation.

It's about the volume and velocity of money against a less responsive supply of goods and commodities. How could anyone argue otherwise?

goangoangone · Jul 28th, 2008, 07:33

The depreciating dollar has also contributed to oil price rise. US inflation is covered up by printing more currency and selling it and the debt by way of foreign governments buying dollars. Here's a good one: http://www.brillig.com/debt_clock/
The Fed cannot control the market forever. Nobody is bigger than the market.

I wouldn't pay 40 for a Kings. It is rubbish.

I can get small Kingfisher for 25 and large for 50rs.

Nick-H · Jul 28th, 2008, 08:11

Noni, those prices from UK are frightening. I had read some scary stuff about gas and the cost of heating a house.

zoltan · Jul 28th, 2008, 10:34

Quote:

here was a time when the UK givernment used to make a hobby of changing its calculations to make things look better than they were.

Sounds like something from "1984

Brisso · Jul 28th, 2008, 11:05

Lies, damned lies and statistics ... every government does it and always has (trust me, I'm in the business).

A very common one in Oz has always been shifting the unemployed to pensions or sickness and other special benefits to keep the numbers down. Methods of measurement is another - for example, if you are employed for an hour or more per week, you would not be classified as unemployed.

Minsterial advisers, bureaucrats, media officers and PR people find all kinds of imaginative ways to fudge the numbers and keep the government of the day looking good (well, less bad maybe ...)

Transparency in government is a highly relative concept.

capt_mahajan · Jul 28th, 2008, 11:08

Yes. The numbers put up by the Indian governments are usually suspect- from casualties in disasters to inflation numbers.

Quick point: With so much of Indian import being oil, a price rise in that commodity has always had a huge impact on inflation. Maybe we should invade Iraq.

And, recently, the switch to cash crops has been disastrous in many ways, including inflationary pressures.

shashank.aggarwal · Jul 28th, 2008, 12:23

Quote:

Originally Posted by bruce3404

and the growth of the middle class in countries such as China and India. The real answer here is development of alternative energy sources.

I am glad that you brought this up, over here I have just one thing to say.

Till date the amount of oil just one state in US (California) uses in a year is higher than the total oil used to India or China in a year.

bellcrank · Jul 28th, 2008, 17:13

Quote:

Originally Posted by bruce3404

Regarding the original complaint of a restaurant charging high prices in Goa, the clear answer is to not patronize the place. This is really no different than anywhere else in the world. You want food on or near the beach in Goa in a place that caters to tourists? You'll probably pay more than if you find a little "locals only" hole in the wall a few blocks away from the tourist zone. Works the same on the Champs Elysees, Rodeo Drive in Beverly Hills, Via Condotti in Rome...well, you get the picture.

Well, exactly, let market forces prevail and be prepared to walk away elsewhere if you consider things too expensive. Just because someone requests a price for goods or services that is too high, I fail to see how this is ripping off anyone.

Regarding taxis, the economics of owning and operating a taxi or tourist vehicle in Goa hardly stacks up for the average owner and for us it has been a financial disaster even if you take depreciation out of the equation.

Noni · Jul 28th, 2008, 17:35

Quote:

Originally Posted by bellcrank

Well, exactly, let market forces prevail and be prepared to walk away elsewhere if you consider things too expensive. Just because someone requests a price for goods or services that is too high, I fail to see how this is ripping off anyone.

Regarding taxis, the economics of owning and operating a taxi or tourist vehicle in Goa hardly stacks up for the average owner and for us it has been a financial disaster even if you take depreciation out of the equation.

Yes I agree with your remarks about taxis. But let everybody pay the same, and have a price list.

nomad · Jul 28th, 2008, 18:04

Quote:

Originally Posted by KABAARY

Compared to many other countries, India uses the Wholesale Price Index to report inflation...the commodities in the basket therein and the weightages assigned are not that frequently updated and there are some other flaws too. The Consumer Price Index, which is more reflective of inflation as it effects the public at large is less frequently updated and lacking even more in precision of methodology used.

Me too...and the reverse equally applies.

does this mean that inflation rate in India is over estimated? coz it does not adjust for change in quality of living of middle class (high income group has always enjoyed quality stuff and lower income segment is stagnant) and the change in their consumption basket?

bellcrank · Jul 28th, 2008, 18:06

Quote:

Originally Posted by Noni

Yes I agree with your remarks about taxis. But let everybody pay the same, and have a price list.

I am sure you will also agree that it's not possible to charge the same for an auto-rickshaw for example and a 9 seater air con Innova or Tavera or any other vehicle in between. Long distance trips also tend to more expensive on a mileage basis as it is unlikely to get a fare back to base, likewise airport trips are more expensive as drivers are not allowed to tout for business (for fear of upsetting airport pre-paid cabs). Price list is fine, but only for major destinations or day trips.

Noni · Jul 28th, 2008, 22:57

Quote:

Originally Posted by bellcrank

I am sure you will also agree that it's not possible to charge the same for an auto-rickshaw for example and a 9 seater air con Innova or Tavera or any other vehicle in between. Long distance trips also tend to more expensive on a mileage basis as it is unlikely to get a fare back to base, likewise airport trips are more expensive as drivers are not allowed to tout for business (for fear of upsetting airport pre-paid cabs). Price list is fine, but only for major destinations or day trips.

Yep I agree with you. Have a taffif for each, there should be some common ground. If the taxi's running from the airport can make money on their fares the ones from holiday resorts should be charging the same. We were quoted for a trip from Calengute to South prices between 900rupees 1500, 1600, and 2200 for the day. We took the 1500 as it had AC didn't haggle with this driver as we were meeting one 'of my invisible friends'

Jul 28th, 2008, 07:33	#35
goangoangone Monsoon Loon Join Date: Aug 2004 Location: Goa Posts: 1,535	The depreciating dollar has also contributed to oil price rise. US inflation is covered up by printing more currency and selling it and the debt by way of foreign governments buying dollars. Here's a good one: http://www.brillig.com/debt_clock/ The Fed cannot control the market forever. Nobody is bigger than the market. I wouldn't pay 40 for a Kings. It is rubbish. I can get small Kingfisher for 25 and large for 50rs. __________________ GoanGoan......here

Jul 28th, 2008, 08:11	#36
Nick-H Loud-mouthed, Noisy Bird Join Date: Oct 2004 Location: Chennai, India Posts: 27,692	Noni, those prices from UK are frightening. I had read some scary stuff about gas and the cost of heating a house. __________________ . Just one member of the IndiaMike Mod Team

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Jul 28th, 2008, 11:05	#38
Brisso Specialist muddler Join Date: Sep 2006 Location: Brisbane Posts: 585	Lies, damned lies and statistics ... every government does it and always has (trust me, I'm in the business). A very common one in Oz has always been shifting the unemployed to pensions or sickness and other special benefits to keep the numbers down. Methods of measurement is another - for example, if you are employed for an hour or more per week, you would not be classified as unemployed. Minsterial advisers, bureaucrats, media officers and PR people find all kinds of imaginative ways to fudge the numbers and keep the government of the day looking good (well, less bad maybe ...) Transparency in government is a highly relative concept.

Jul 28th, 2008, 11:08	#39
capt_mahajan (in charge of navel affairs) Join Date: Sep 2005 Location: India Posts: 10,509	Yes. The numbers put up by the Indian governments are usually suspect- from casualties in disasters to inflation numbers. Quick point: With so much of Indian import being oil, a price rise in that commodity has always had a huge impact on inflation. Maybe we should invade Iraq. And, recently, the switch to cash crops has been disastrous in many ways, including inflationary pressures.

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