-The Times of India   The per capita income of Indians for the first time crossed the Rs 50,000-mark in 2010-11, although using current prices as the barometer. According to the revised GDP data for the last financial year, per capita income is estimated to have risen 16.9% to Rs 53,331 compared to Rs 46,117 in the previous year. The $1,000-average income of Indians is seen to be illusionary in economic circles as...

Unlike the dearness allowance that accrues to the salaries of workers every six months without any hassle, the linking of National Rural Employment Guarantee Act (NREGA) wages to inflation or the Consumer Price Index for agricultural wages has not led to a smooth annual revision. The revision for NREGA wages is supposed to happen every January after it was introduced last January. However, even a month into the new year, the...

-PTI Falling prices of vegetables such as potatoes and onions pushed down the food price index by 0.42 per cent in the week ended January 7, over the same period of the previous year. However, experts feel that the decline in prices of food articles will not be enough to prompt the Reserve Bank of India to cut key interest rates at its forthcoming monetary policy review on January 24. Food inflation as...

-The Hindu   Suggest “necessary preventive” measures to safeguard the interest of workers   Trade union groups on Monday pitched for a worker-oriented Budget for 2012-13 aimed at removing poverty and unemployment and suggested “necessary preventive” measures to safeguard the interests of workers. At their meeting here with Finance Minister Pranab Mukherjee — the second in the series of the customary pre-Budget consultations — representatives of trade unions (TUs) proposed that wages of contract labour...

Hariyali Kisaan Bazaar, India’s biggest rural retail chain by sales, which operates 230 stores across eight states and had seen good growth in the past two years, said it had seen a fall in rural demand in the past two to three months. A drop in prices of potatoes, onions and some other vegetables, leading to low realisation for farmers, and an increase in cost of fertiliser, are reasons for these...