Stung by the skyrocketing retail prices of onion in the country, the Centre on Thursday announced abolition of import duties and banned its exports for an indefinite period. Cabinet Secretary K.M. Chandrasekhar, who is personally monitoring the situation, asked the State governments to take strong action against hoarders. He asked the Commerce Ministry to import onions to cool down prices. The government directed its three trading companies — STC, PEC and MMTC...
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African farmers displaced as investors move in by Neil MacFarquhar
Stunned villagers are finding that governments have been leasing land, often for decades. The half-dozen strangers who descended on this remote West African village brought its hand-to-mouth farmers alarming news: their humble fields, tilled from one generation to the next, were now controlled by Libya's leader, Col. Muammar el-Qaddafi, and the farmers would all have to leave. “They told us this would be the last rainy season for us to cultivate our...
More »Congress and economy
The economic resolution adopted by the All India Congress Committee at the Burari session is a reiteration of the party’s last two election manifestos. It combines a commitment to rapid economic growth with that to redistributive policies that would help make the growth process socially inclusive. There is a helpful explanation of the three sources of inflation — excess demand, improved prices to farmers and global commodity price inflation —...
More »The eager beaver at Cancun by Nitin Sethi
Have the Cancun Agreements set Kyoto Protocol on a path to eventual death? No. Killing Kyoto would require a 2/3rd vote by the 180-plus member countries. There is too much guilt involved in that. But the Agreements have prepared the ground to render the Protocol hollow and meaningless - left to survive a vegetative, inconsequential life even as a new and unequal global regime takes ground. The Kyoto Protocol was...
More »Chilli message for molesters by Imran Ahmed Siddiqui
Carry red chilli spray to feel safe in Delhi, a doctor and her 28 friends are telling women.Through camps in colleges and neighbourhoods, the group has over the past fortnight been spreading awareness about the use of chilli powder as a weapon of self-defence.“Carry a pack of red chillies in the bag and blind an assailant,” said Seema Malik, a doctor who has launched the Mirchi Jhonk campaign, possibly inspired...
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