Observing that hawkers have a fundamental right to carry on their business, the Supreme Court has asked the Delhi Government to enact a law to regulate their trade keeping in mind also the right of commuters to move freely and use the roads without any impediment. A Bench of Justice G. S. Singhvi and Justice A. K. Ganguly disposing of a batch of appeals filed by hawkers said “before June 30,...
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Hawkers' fundamental right can't be left in limbo: court by J Venkatesan
Observing that hawkers have a fundamental right to carry on their business, the Supreme Court has asked the Delhi Government to enact a law to regulate their trade keeping in mind also the right of commuters to use roads without any impediment. “Before June 30, 2011, the appropriate government is to enact a law on the basis of the Bill mentioned [by the authorities] or on the basis of any amendment...
More »Suicide leash on lenders
Public uproar over 20 suicides in two months has forced the Andhra Pradesh government to act to regulate micro-finance institutions. On October 14, the state government brought an ordinance making it compulsory for MFIs to register themselves, declare the effective rate of interest they charge, ensure that no security is sought for loans and no coercion is used for recovery. Non-compliance will be punished with a three-year prison term and a...
More »Potato prices to fall on good stocks, new crop by Sandip Das
After a significant jump in retail price of potato in the last two weeks due to disruption of supplies on account of heavy rain in northern India, prices are all set to fall because of huge stocks with traders in Uttar Pradesh and West Bengal, the two biggest potato producing states and expected arrival of the new crop from Punjab next month. traders in Uttar Pradesh and West Bengal, who were...
More »Rising demand may push up grain prices despite high output by Dilip Kumar Jha
Global foodgrain prices are likely to remain high in the coming months despite high output estimates this season. Bad weather in Brazil and Russia and rising global demand have made the grain market sensitive. The assessment of the damage due to dry weather in Russia, Western Australia and South America and floods in India, China and Pakistan is yet to be done. This is offering grain traders speculative opportunity on futures...
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