You are Suresh/Shweta. You are worried about the hike in the prices of essential commodities like LPG, Pulses, Vegetables etc. Write a speech on this in about 150-200 words for morning assembly suggesting certain steps to curb inflation
Answers
Inflation cannot be controlled by an individual, but its effects on oneself can be reduced. An individual can immunize him/herself from the impact of inflation by controlling their cash flow and increasing their saving.
I would suggest an individual to reduce unnecessary expenditures like buying a product which will become a liability in the future, instead of an asset. An asset gets you money, but a liability demands money from you. A car becomes a liability when you can not afford a proper maintenance service for it.
A person should also have a secondary source of income in addition to the primary source. While most of the people have their jobs/profession as their primary source of income, a secondary source like investments in stock/real estate will help the people maintain an alternative source of income. This will help an individual increase their total income without doing more work at their job/profession.
At last, I would suggest people to think 'What can I do to survive in times of inflation?' instead of worrying about the impact of the inflation.
Answer:
The prices of essential commodities like gas, pulses, vegetables, etc. are going up day by day. An LPG cylinder now costs around Rs. 250. Pulses are selling around Rs. 30 per kg. Even such simple vegetables as potatoes and onions have gone beyond the range of the common man. Things that were easily available in plenty and at very reasonable prices have suddenly disappeared from the market. The poor consumer is left at the mercy of traders and shopkeepers. They charge anything they like from the helpless consumer. There is no one who can check this exploitation and profiteering. The government seems to be unconcerned about the problems being faced by the common man. It is only such situations that lead to public unrest and ugly rioting situations. It is high time that the government should take suitable measures to bring down the prices of essential commodities. Strict action should be taken against hoarders and profiteers. There is no real dearth of anything in the market. It has only been created. The government should not look the other way. It should be assured that people get all essential commodities at reasonable prices. The public distribution system should be geared up.
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