India's very own version of the electric car is likely to hit the roads in a few months. Ratan Tata, chairman of the Tata Group recently stated that Tata Motors will be ready with one by September this year. In addition to this, there has been news floating around the world's smallest car, the Tata Nano being launched in the United States within the next two years. Apart from this, it is also planning to launch the vehicle in Thailand and other markets in South East Asia. This will be a strategic move by the company as it plans to use Thailand as its manufacturing base to export its products to other countries. In India, the car is expected to hit the roads by July this year.
Look at government inefficiency, food prices have galloped at an alarming rate over the last few months. Some blame it on the poor monsoons. Some blame it on hoarding by greedy middlemen. In my opinion, the government unknowingly itself is a massive hoarder. As per a report in a financial daily, the stock of rice and wheat in government granaries is way above the minimum requirement. Sadly, much of this excess stock is stored in the open. It either rots or feeds pests. In my view, this is a national shame. We cannot get the basics right in such a crucial area when food prices are spiraling out of control and millions of Indians still go hungry. Such stocks should be stored properly and released in small lots to stabilise prices.
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