-The Hindu In an attempt to pressurise the Union Government to roll back the decision to allow Foreign Direct Investment (FDI) in multi-brand retail, an “anti-FDI” protest march was organised by the National Association of Street Vendors of India (NASVI) at Jantar Mantar here on Wednesday. The protesters charged the Union Government with ignoring the interests of the working class and protecting the interests of the multi-national retail giants. NASVI president Arbind...
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Govt mulls tweaking LPG cylinder cap from 6 to 9
-The Indian Express The government may consider “minor adjustments” on the LPG cylinder cap in the wake of pressure from within the Congress and Trinamool Congress's decision to withdraw support to the UPA. Sources said while there is no question of rollback of the government's decision to put a cap on the number of subsidized cylinders, the government was ready for minor adjustments on it and can increase the total number of...
More »Notifying Farming as an Essential Service: An Authoritarian Manoeuvre-SAHRDC
-Economic and Political Weekly The Government of India is considering a proposal to notify farming as an essential service. This is ostensibly to bring drought relief to farmers suffering from a weak monsoon - a laudable goal indeed. However, if farming is deemed an "essential service", farmers and farm workers could lose many of their political and civic rights because the government can then invoke the Essential Services Maintenance Act to...
More »Economies will perform better with more even income distribution–UN report
-The United Nations A new United Nations report advocates that governments use fiscal and labour market policies to reduce income inequality, maintaining that this not only leads to social benefits but will spur economic growth and development. Produced by the UN Conference on Trade and Development (UNCTAD), the Trade and Development Report 2012 says that recent experience, especially in Latin America and other developing countries, suggests that progressive taxation and rising public...
More »Likely drop in food output to keep prices high -Zia Haq
-The Hindustan Times Indian households, already paying more for food, could see prices remain high because of a likely fall in farm output, despite an abating drought. Although the monsoon has improved to be only 8% below average until September 12, production of pulses, cereals and sugar is likely to decline from last year's levels, when India posted a record harvest. "Although stocks are plentiful now, prices remain a real cause of concern...
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