Sanjay Dixit is a member of the Central Employment Guarantee Council, a statutory body set up under the National Rural Employment Guarantee Act (NREGA). He was initially chosen by Congress General Secretary Rahul Gandhi to head an NREGA cell in Uttar Pradesh where he has become an official whistleblower of sorts, unearthing several instances of fund diversion in many districts. He talks about the malaise in the five-year-old law that...

Billions of dollars are being made by investors in a speculative "food bubble" that's created record food prices, starving millions and destabilising countries, experts now conclude. Wall Street investment firms and banks, along with their kin in London and Europe, were responsible for the technology dot-com bubble, the stock market bubble, and the recent U.S. and UK housing bubbles. They extracted enormous profits and their bonuses before the inevitable collapse of...

The class bias in government policy is clear in the decision to release a small amount of foodgrain in the open market to tackle inflation. MOST people would agree that there is a strong element of speculation underlying the current inflation and that forward trading contributes to it. Yet the government, though it has banned forward trading in certain commodities under public pressure, is curiously reluctant to see this point....

If you thought only onion made headlines and governments fall, here is some more food for thought. The retail prices of brinjal soared 110% and those of tomato by 125% between the first weeks of November 2010 and January 2011, while the rise in crude oil paled in comparison, climbing about 12% in the same period. While import-dependent economies are struggling to keep their fiscal math in shape with crude...

Centre will bring in amendments to the essential commodities Act to achieve this purpose: Thomas Union Minister of State for Food and Civil Supplies K.V. Thomas has said the Central government will soon institute mechanisms to regulate private retail chains in the context of the fluctuating price regime and shortages in the supply of essential commodities. Addressing a ‘meet-the-press' programme organised by the Kesari Memorial Journalist Trust here on Saturday, Prof....