-The Hindu New, more fair and transparent norms for iron ore mining are now being put in place in many States Hit by debilitating mining curbs (including an outright ban in some States) and a clampdown on exports through high duties, India’s iron ore industry today is a pale shadow of what it was for much of the last decade, despite some recent forward movement on restarting iron ore mining in Karnataka,...
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Good supplies cut vegetable prices 20-25%-Sutanuka Ghosal & Madhvi Sally
-The Economic Times Vegetable prices have dropped thanks to good supplies across the country. Onion, tomato and potato prices have fallen by almost 20%-25% in the last fortnight bringing relief to consumers. Traders say prices are likely to remain low till June. Indians consume nearly 15 million tonne onions a year. A drop in the prices of staple vegetables like onion and potato helps bring down food inflation, a major worry for...
More »Deciding who gets to eat -Brinda Karat
-The Hindu By allowing futures trade in food and diversion of farm land for commercial purposes, the UPA government is fuelling the price rise International agencies are warning of high food prices on a global scale in 2013 if urgent action is not taken. But our government shows little concern. The President’s address to Parliament had only a cursory mention of inflation. “Inflation is easing gradually, but is still a problem,” he...
More »Use Less Power If You Can't Afford Hiked Rates: Dikshit
-Outlook People should cut use of power if they cannot afford high electricity tariff, Delhi Chief Minister Sheila Dikshit said today, a prescription that evoked criticism. Under attack for the hike in power tariff, Dikshit also sought to justify it, saying the increase in cost of power production has led to the rise in electricity rates. Stating that the consumers will have to pay if they want round-the-clock electricity supply, Dikshit went on...
More »Cash transfers to tame food price spiral-Ashok Gulati and Shweta Saini
-The Economic Times Food inflation in India, as measured by food articles price index, has averaged 11.3% for the period FY 2008-09 to December 2012, with a maximum of 15.6% in 2010-11 and minimum of 7.3% in 2011-12. In December 2012, wheat prices stood 23% higher than in December 2011, and rice prices 17% higher in the same period. Although this spurt in wheat and rice prices in the face of...
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