Wednesday, February 16, 2011

What's a few Crores

According to today's newspaper update on the 2G scam, the CBI clarified that there had indeed been a loss to the State in the 2G scam. A bit like stating the obvious, I would imagine, but I suppose the agency has to take into account actual evidence and not rely on the gut - instincts of naysayers like me. That was the bad part.

The good part is that its not Rs 1.76 lakh Crores as everyone had imagined, but only Rs 50000 Crores.

The other thing that the paper reported, albeit in a much tinier column was that the price of milk had gone up by Rs 3 per litre in Mumbai. Why ever did the paper bother to report this Rs 3 nonsense, when there are so many crores up for grabs here. Why did the TOI  waste newsprint on this issue even if it was a tiny column? I suppose it can be surmised that people need to know what their so called leaders are up to even if it means putting their personal woes aside. That's if we believe that the TOI does not indulge in sensational journalism.

Assuming that an average middle class household takes one liter of milk daily, a very conservative estimate. At present prices of Rs 22 a liter, it works out to a milk bill of Rs 660, which is set to go up to Rs 750 very soon. When the kids were growing up and the twins were toddlers, we needed 3 liters of milk daily. If we had guests which was frequently, the daily consumption increased to 4 litres. It was expensive then and I shudder to think of buying those quantities now.

Quite honestly, Rs 1.76 lakh crores or even Rs 50000 crores is unreal. Its an imaginary number to most of us. I cannot begin to picture that kind of money lying on a table. So whether its one amount or another, its beyond my comprehension. It wasn't and never will be mine. But Rs 3 a litre concerns me directly. It pinches me and I can imagine how it would affect those with little babies and lesser incomes.

Milk going up by Rs 3 a litre ought to have been screaming headlines and not the snippet on the left most column. They did the same thing when petrol prices were raised, by Rs 3 again.



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