Prof Jayati Ghosh speaks to Newsclick on global price rise and its impact on developing countries, India in particular.

Newsclick presents a feature on the fuel price hike. Newsclick examines justifications provided by government spokespersons, details their critiques and ascertains the level of distress faced by the "aam aadmi".

 Dr. Prasenjit Bose, Convenor of the Research Unit of the Communist Party of India (Marxist) speaks on the factors resulting in the high rates of inflation - particularly food inflation in India today. 

The Bharat Bandh called by all major opposition parties had been an unprecedented success. Large number of people participated and showed displeasure and anger against UPA's anti-people economic policies. The opposition has asked the government either to roll back fuel prices or be ready to face more intensified mass movement against its arrogant pro-rich policies.

Prices of essential commodities have gone up beyond imagination. The Central Government has been making promises but taken no action and 'Aam Admi' is feeling the pinch.