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Games big corporations play by P Sainath

Bhopal marked the horrific beginning of a new era. One that signalled the collapse of restraint on corporate power.  Over 20,000 killed. Over half a million victims maimed, disabled or otherwise affected. Compensation of around Rs.12,414 per victim on average on the 1989 value of the rupee. ($470 million or Rs.713 crore. And that divided among 574,367 victims.) Over a quarter-of-a-century's wait. To see seven former officials of Union Carbide...

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Inflation in double digits, rate hike looks imminent

Driven by spiralling prices of essential items, inflation surged into double digits at 10.16 per cent in May, the highest in the last 19 months, adding to the woes of the common man. Soaring inflation, according to analysts, may prompt the Reserve Bank to tighten liquidity at its quarterly monetary policy review scheduled next month. The essential items which have become expensive, directly hitting the pocket of the common man, include pulses,...

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Blockade keeps prices high in Manipur

The blockade of two national highways in Manipur by Naga groups entered the 55th day on Sunday and the prices of essential commodities remained high. Hundreds of trucks are still stranded. The All-Naga Students' Association launched the blockade on April 12 to protest against elections to six autonomous district councils in the hills which, it alleged, were given not enough powers to carry out development works. However, the Manipur government has...

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Sugar supplies in the bag as panic ends by Robert Plummer

Not so long ago, the prospect of a global sugar shortage gave food manufacturers a panic attack. Poor weather conditions hitting crops in the world's two biggest sugar-producing nations, Brazil and India, sent the price of the sweet stuff soaring on international markets. In August last year, US firms such as Kraft Food, General Mills and chocolate-maker Hershey were so worried that they wrote a joint letter to the country's...

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“Inflation will be reduced to 5-6 per cent by year-end”

Projecting an 8.5 per cent economic growth for the current fiscal, Prime Minister Manmohan Singh on Monday conceded that rising prices had brought distress to the common man, but exuded confidence that the “corrective” efforts of the Centre and the States would bring down inflation to about five or six per cent by the end of December this year. At a press conference here to mark the completion of the UPA-II...

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