India Insight  Why should the government control inflation?
But is that enough for say the gross national happiness?    It
is guarded on doing so for fear of stifling growth.  Is that
fair to the poor?  Prolonged inflation redistributes income in
favour of the rich (who possess non-monetary assets) as the
value of money, whatever little of it may be held by the poor,
goes down.  In the text-book understanding of things, it should
be bad politics in a country still debating the definition of
the “poverty line”.  Omar Abdullah: a successful year in office?
Omar AbdullahThe administration, youth and people of the state
had huge expectations from Abdullah after the Jammu & Kashmir
National Conference formed a coalition government with the
Congress party last year.  “When he came into people, he wanted
to prove himself as an excellent leader, but looking down a year
that hope is slowly but surely diminishing because nothing
concrete is happening on the ground,” says Raja Muneeb, a local
resident of Srinagar.