• UID Admissions 2024-25 NRI/NRI Spons./ Management Category Application Window is open now! Click Here to apply- Call 9266663225 to know more.
  • UID Admissions 2024-25 General Category Application Window is open only for BFA/BFA (Hons.) and BSc./BSc.(Hons.) Filmmaking Click Here to apply- Call 9266663225 to know more.
  • KUAT (Karnavati University Admission Test) Admissions 2024-25 Application Window Open Click Here to Apply- To know more call 9667048555. KUAT Examination Date-6th April,2024 (Saturday)
  • B.Tech 2024 Admissions Open. Click Here to Apply- Call +91 7574811135
  • KU Admissions FEE Payment Click Here
  • Karnavati University invites applications for teaching positions Click here for details

KUAT 2022-23 Admissions Open Now! Click here to apply +91 9667048555

Announcement Admission
blank
blank

After the Storm come the Vultures

May 3, 2020

People in the world are experiencing hysteria due to the outbreak of Coronavirus; by no means have I wanted to state that the situation is not real. The markets have tumbled and people are in the state of panic buying since we do not know how long will this situation will last, this is of course obvious. Mostly, I am concerned about the people who are poor and do not have the ability or the resources to do panic buying. What will they do?

Not only poor but the ones who are suffering from ailments other than Coronavirus are at most danger. For instance, we have people suffering from hypertension, psychological disorder, cancer, diabetes etc. who require constant health monitoring and perpetual supply of medicines which are now running short or have completely gone out of market.

People are already selling essential and non essential goods at a higher price than that on maximum retail price which is decided by the state. Suddenly the market is dictated by the unethical economics of supply and demand. The larger the demand and lesser the supply gives rise to higher prices which are regulated by the state and in such emergency situations the state cannot remain present everywhere and this leaves the buyer and seller unchecked.

For instance, sale of tobacco in any form has been prohibited by the Indian state since it does not fall under the essential commodity. This does not hamper the sale of tobacco, in fact the tobacco is being sold at much higher price than it maximum retail price printed on the box. Other essential commodities like wheat, rice, oil, sugar etc. are being sold at a higher price by the local mom and pop stores taking the advantage of the unregulated market. People who can afford are buying it thereby legitimizing the prices at which the commodities are sold. From where will the poor pay the price of the rich for buying these essential commodities?

It seems this situation will worsen further and the vultures have already arrived amidst the storm. God speed to everyone who are going through different kind of storms in their lives!

Author:
Dr. Udayprakash Sharma, Assistant Professor, Unitedworld School of Liberal Arts and Mass Communication (USLM)

Disclaimer: The opinions / views expressed in this article are solely of the author in his / her individual capacity. They do not purport to reflect the opinions and/or views of the College and/or University or its members.

Related Blogs

Machine Intelligence vs Human Intelligence
June 21, 2022

I want to share an incident which has happened recently & related to the finance market. A well-known company has sanctioned a credit line of Rs One Lakh to the customer & out of this that customer has utilised around Rs Twenty Thousand. So Rs Eighty Thousand is still unused. But the account got blocked […]

Read More
Product Standardization
June 21, 2022

Companies marketing their products in international market are faced with the decision of whether to standardize their product or adapt their product offerings. Product standardization means marketing a product in international market with some or little changes except for some cosmetic changes such as modifying labeling and packaging as per the countries regulation. The products […]

Read More
Choosing a Financial Product for Investment
June 21, 2022

When it comes to choosing a financial product for Investment, most of the investors rely on random tips they received from friends or relatives rather than analysis. Needless to say that this will result in financial losses later on. It is very important to adopt due diligence while choosing a financial product and the checklist […]

Read More
icon