So what caused the French Revolution? Food prices did. A hailstorm destroyed French crops, food prices rose 88 per cent in one year, and hungry Parisians turned on their rulers. Ditto with the Tian-an-men showdown exactly 200 years later, in 1989: consumer prices rose 21 per cent in a country that had known virtually no inflation under Communist rule. The Suharto regime got overthrown in Indonesia in 1998 after food...
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Global food prices rise to new highs, not expected to fall in coming months – UN
Food prices around the world surged to a new historic peak in January, for the seventh consecutive month, the United Nations Food and Agriculture Organization (FAO) reported today, adding that the prices are not likely to decline in the months ahead. According to the FAO, its latest Food Price Index, a commodity basket that tracks monthly changes in global food prices, averaged 231 points in January and was up 3.4 per...
More »Corruption dents India's global image: PM
Expressing concern over the "menace" of corruption in the wake of a series of scams, Prime Minister Manmohan Singh Friday said it demeans and dents India's image. "Corruption strikes at the roots of good governance. It is an impediment to faster growth. It dilutes, if not negates, our efforts at social inclusion. It dents our international image and it demeans us before our own people," Manmohan Singh said, addressing the second...
More »Social audit of road works begins today by S Anil Radhakrishnan
To ensure quality of construction, repairs by the PWD Legislator has to countersign pro forma Pothole-free roads project to be launched Social audit of all road repairs undertaken by the Public Works Department (PWD) will be the first step in ensuring that road construction and repair adhere to specific quality criteria. Being launched in Kollam on Monday, the social audit has been mooted in the wake of the assessment by the department that the...
More »Wages of tokenism by TK Rajalakshmi
The revised daily wage for NREGS workers is still lower than the minimum wages paid in several States. A CONTROVERSY seems to have surfaced between the Prime Minister's Office and the National Advisory Council (NAC) on the issue of wages under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The NAC has been arguing for some time that there should be parity between wages under the National Rural Employment...
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