India's food inflation accelerated in mid-June, maintaining pressure on the Reserve Bank of India to tighten monetary policy at a faster pace. India's food price index rose 16.90 per cent in the year to June 12, higher than the previous week's annual reading of 16.12 per cent, government data released on Thursday showed. The fuel price index remained unchanged at 13.18 percent in the year to June 12. The yield...
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Pulled by demand
Batten down the hatches? Pull out all the stops? It might be difficult to find the cliché that adequately emphasises the urgency with which the government needs to tackle inflation. The worry is not just that May inflation was in double digits (10.16 per cent). It is also a fact that prices of commodities other than food are now beginning to gallop. Inflation in non-food manufactured products (often referred to...
More »People-friendly growth by BG Verghese
The Supreme Court on May 7 ruled that natural resources were national assets that belonged to the people and were ideally exploited by public sector undertakings. This obviously implies that local communities, including tribals, living on mineralised land, enjoy entitlements but not prescriptive ownership rights to such national assets. This is an important reiterative clarification defining mineral rights in Fifth Schedule areas that are currently in contention. Whether PSUs should...
More »‘Right to Education Act a potent tool to curb child labour'
Education for all, concerted efforts to reduce poverty, enhancement of social protection and political commitment have been identified as some of the measures to tackle child labour. On the occasion of World Day Against Child Labour on Saturday, several agencies including the National Commission for Protection of Child Rights (NCPCR), International Labour Organisation, UNICEF, UNESCO and the corporate sector hailed the Right of Children to Free and Compulsory Education Act (RTE)...
More »Climate council's water mission for India by TN Narasimhan
India's recently announced Water Mission provides a rare opportunity for informed public debate to formulate a national water policy to unify the country in equitable use of the vital resource. On May 28, 2010 the Prime Minster's Council on Climate Change, with Dr. Manmoan Singh being present, approved a water mission for India. This is an important event. The mission statement is an action plan catalysed by climate change response....
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