MONEY & BANKING
Transparency and FMCG
Consumerism has brought in its trail an overwhelming range of FMCG products that have flooded the market. Although the range of products has expanded, the failure to educate the consumers on the composition of a particular product has been causing some a
pprehension. Recent surveys have shown that some products of daily use, such as toothpastes and soaps, contain animal derivatives. In India, where vegetarianism often has religious connotations, it is extremely important that companies clearly inform the
consumers about their products.
The hue and cry against the increase in emoluments to Members of Parliament to Rs 12,000 per month is unjustified. Considering their responsibility, and the heavy expenditure in attending to constituents who visit New Delhi, they should be paid a minimum
of Rs 1 lakh a month, subject to tax. The numerous perquisites accorded to MPs should be abolished (or treated as income for tax purposes). MPs should be charged market rates for accommodation, and other facilities, such as telephones.
Medium of instruction
The medium of instruction in all schools must be the mother tongue in the initial stage. The child should not be burdened with an unknown language. But English-medium schools are still very much in demand, and people are ready to pay large donations to a
dmit their children to such schools.
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