Export curbs during 2008 crisis ‘exacerbated' situation. The Food and Agriculture Organisation on Wednesday said short-term policy actions, especially curbs on exports, could have harmful effects in the longer term and even aggravate the situation. In statement put on its website, the organisation, a body of the United Nations, pointed out at the 2007-08 crisis in the global food market as an example of how such decision can exacerbate the situation...

The present situation is different from that of 2007-2008, although recent climatic events may significantly reduce agricultural production next season. Must history always repeat itself? We are indeed on the verge of what could turn out to be another major food crisis. The FAO Food Price Index at the end of 2010 returned to its highest level. Drought in Russia and the export restrictions adopted by the government, together with...

‘The least that every worker in field and factory is entitled to is a minimum wage which will enable him to live in modest comfort, and humane hours of labour which do not break his strength or spirit...,’ Jawaharlal Nehru declared stirringly in his presidential address to Congress in Lahore in 1929. Eight decades later, the Union government of free India resolved that it would not pay the minimum wage...

Even though the Central Government agreed to link the wages paid under MG-NREGA to the Consumer Price Index for Agricultural Labourers (CPIAL), it shied away from paying statutory minimum wages in various states of India. Their logic for this: Lack of clarity on who will bear the extra financial burden—the Centre or the states? A letter from the Prime Minister Manmohan Singh to UPA and NAC Chairperson Sonia Gandhi dated 31...

Economists across the world are expressing concern about rising food prices. The United Nations Food and Agriculture Organization recently released its Food Price Index. The list showed that a number of foods cost more than during the world food crisis of two thousand eight. The index is at its highest level since it began in nineteen ninety. Demonstrations and deadly food riots have broken out this month, as they did in...