Government sat on grain stocks while food prices shot up   In july 2008, when inflation rose to a 10-year high of 11 per cent and industry was hit by a range of factors, including economic recession, the Union government responded immediately. There were day-on-day monetary interventions. Since July 2009, inflation, as calculated by the prices poor consumers pay for their daily needs, has hovered around 11 per cent, again a 10-year...

Kabul (Reuters): Dozens of Indian labourers have been forced to take refuge in a Sikh temple in Kabul after job agents who promised lucrative jobs in the unstable capital disappeared, leaving the men penniless and without passports. Billions of dollars in western military contracts have turned Afghanistan — long a source of refugees fleeing chronic conflict — into an unlikely magnet for migrant workers willing to risk their lives for a...

It is presumed that the industrial development in Bihar is hampered by lack of investments. Is it because of 'unproductive' government policies or an unpredictable law and order situation? And how to increase the flow of investment in the state? In order to find out answers to all such questions and debate these issues, Business Standard Hindi recently organised a roundtable in Patna. The seminar was attended by various small...

The District Rural Development Agency has hiked the wage from January 1 ERODE: Hike in National Rural Employment Guarantee Scheme (NREGS) wage has got Erode farmers worried about labour shortage. Following State Government’s instruction, the District Rural Development Agency, which oversees NREGS implementation, hiked the wage January 1 onwards by Rs. 20 to Rs. 100 a day. Under NREGS below poverty line families get work for 100 days a year, which is...

The Indian economy should recover from the recession caused by the global meltdown. India’s exposure to the world economy is quite limited. It is mainly through the exports market and partly through foreign investment flows either as equity or debt capital that financed private investment. The extent of the dependence, however, is quite low. The recession in the exports market affects only few sectors, such as textile and labour-intensive manufactures...