The government put out a promised new price index on Friday that will capture changes in prices of goods and services sold at the retail level, helping the government and the central bank get a better grip on policy tools while tackling inflation. Central banks world over rely on retail prices while framing monetary policy, but the Reserve Bank of India has had to consider mostly the wholesale price index...
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Stage set for violent clashes between police and Posco baiters
The Posco opponents have thrown a direct challenge to the police and civil authorities by breaking the road leading to Jtadhari, where the South Korean steel major has proposed to put up a captive port. The authorities are gearing up for starting work at the steel plant project site near Paradip after the union ministry of environment and forest cleared Posco-India's proposal to set up a 12 million ton steel plant,...
More »Price rise: trade unions to march to Parliament
Members of eight major central trade unions and independent workers'/employees' federations will march to Parliament on February 23 to protest against what they call the “indifferent and don't care attitude” of the Manmohan Singh government to the “steep rise in the prices of essential commodities, rampant violation in implementation of labour laws, plight of unorganised workers, and reckless contractorisation of employees.” The Indian National Trade Union Congress (INTUC), trade union wing...
More »Angry villagers damage approach road to Posco site by Prafulla Das
The agitation against land acquisition for the Posco steel plant intensified in this seaside gram panchayat in Jagatsinghpur district on Sunday, with the villagers damaging an approach road to the area earmarked for the project. Led by Abhay Sahu, chairman of the Posco Pratirodh Sangram Samiti, which has been spearheading the protest since July 2005, more than 150 people from different hamlets in Dhinkia went out with spades and other tools...
More »The Slow Death Of The RTI Act by Udit Misra
And you thought you could get information from the State using the RTI Act? Take your place in the line behind thousands of frustrated citizens The government is considering changes to the Right To Information Act (RTI) that activists feel could dilute the power of the Act. Former Chief Justice of India K.G. Balakrishnan has recommended protecting the judiciary from RTI queries apparently on grounds that the move would “erode” the...
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