In a move that brings relief to the rural workforce, but risks creating an inflation spiral, the government on Thursday revised the minimum wages paid for its flagship job guarantee scheme by linking them to the Consumer Price Index for agricultural labour (CPI-AL) for each individual state. Such a price spiral, in case it actually emerges, could roil the electoral prospects of the Congress in the key contests to the state...

India’s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy. Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term. Onion...

Even as the new year brings little cheer on the price front, the famed apathy of our officials continues to move the common man to tears. Nearly 200 tonnes of onions imported from Pakistan are lying at the Jawaharlal Nehru Port Trust (JNPT) at Nhava Sheva while officials pass the buck for not releasing the bulb to onion-starved markets. The affected traders have indicated that the cargo is stuck for want...

Fog not only delays trains and flights, causes road accidents and makes the winter season depressing but also causes the prices of eggs to rise. The recent increase in egg prices is attributed to fog and the prices are likely to increase again as soon as the visibility drops. To add to that, onions and tomatoes are also becoming more expensive. According to Shabir Ahmed, secretary, Poultry Federation of India, eggs...

If the price rise is due to production shortfall, how does one explain the near doubling of the price within a few days? The sharply rising onion prices have raised the suspicion that speculators are manipulating a shortage situation. First, a few facts. In retail markets, onion prices have soared from Rs 10-11 per kg in June to as high as Rs 70-80 on Dec 21. Even more significantly, prices zoomed by...