Turns down Sonia's proposal for statutory minimum wages The battle for statutory minimum wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) seems to be on a slippery ground with Prime Minister Manmohan Singh indicating that the government could at best cover inflation-induced erosion of wages. In his December 31, 2010 letter, Dr. Singh has turned down the proposal of National Advisory Council chairperson Sonia Gandhi to pay MNREGA workers...
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Food subsidy bill may rise by Rs 25k crore
The food subsidy bill for 2010-11 could shoot up by nearly Rs 25,000 crore to touch Rs 80,000 crore, putting further pressure on the government’s finances, a food ministry official said on Tuesday. The government has budgeted Rs 55,578 crore for the current fiscal. The sharp increase in the subsidy is because of higher minimum support price ( MSP )) for crops and the government holding food stock that are nearly three times...
More »NREG wage hike is stuck because NAC fighting PMO by Ravish Tiwari
A notification expected on January 1 to hike wages of workers under the national job guarantee scheme — to counter inflation — is stuck because of pressure from National Advisory Council activists who want this hike to be linked to the Minimum Wages Act. The Rural Development Ministry was slated to notify revised NREGS wages indexing it to the Consumer Price Index for agricultural labourers (CPI-AL) with April 2009 as the...
More »Speculators at work by Alok Ray
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...
More »Milk next: Amul ups prices by 2
After vegetables, now milk will also pinch consumers, as Gujarat Cooperative Milk Marketing Federation, which markets dairy products under the brand Amul, on Tuesday announced a pan-India hike in milk prices by up to Rs 2 a litre. "We have increased prices of our various brands by Re 1 to Rs 1, which will come in to effect from December 30 in Gujarat and Delhi and by January 3 in other...
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