Such confusion! The Reserve Bank has again raised interest rates by 0.25% so that the Repurchase Rate is 8.25% ad the Reverse Repurchase Rate is 7.25%. The Bank has been raising rates in mincing, apprehensive steps for about a year now in an effort to bring down inflation which is around 10%. The reason for the Bank's hesitation is probably a sudden collapse in property prices where the criminal politicians and thieving civil servants have parked their black money. The Bank should not be afraid. Our most revered Prime Minister has valued his flat in Vasant Kunj in Delhi at Rs 8.6 million whereas brokers say that the present market rate is in excess of Rs 20 million. Surely the World Famous Economist is right and that is the fair value of properties in Vasant Kunj. So the Bank should boldly increase rates so that property prices drop to that sort of level thus eliminating black money from the system. Meanwhile oil companies have added to inflation by increasing petrol prices by Rs 3.50 so that a liter of petrol now costs Rs 66.84 in Delhi. Petrol price in the US, which includes tax at 15%, is around Rs 38 a lit. However the price of diesel is slightly higher in the US at Rs 40 almost the same as in India where it is Rs 41.29 per lit. In Congress minds, still set in the 1950s, cars are for luxury and hence must be taxed out of the reach of the people while diesel is for trucks and hence should be cross subsidised. This is the aam aadmi philosophy which seeks to keep people permanently poor by taxing the hell out of " luxury " while doling out cheap rice, free electricity and goats at taxpayer expense to win elections. How long before the entire economy collapses?