If the price rise is due to production shortfall, how does one explain the near doubling of the price within a few days? The sharply rising onion prices have raised the suspicion that speculators are manipulating a shortage situation. First, a few facts. In retail markets, onion prices have soared from Rs 10-11 per kg in June to as high as Rs 70-80 on Dec 21. Even more significantly, prices zoomed by...
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Jobs for the millions
he recent findings by the Labour Bureau's Employment and Unemployment Survey (2009-10) provide timely pointers to the manner in which liberalising India's workforce is coping with the changing times. The survey gives a snapshot of the country's employment and demographic situation. The estimated unemployment rate — in the region of 9.4 per cent (barring the five north-eastern States and the islands of Lakshadweep and Andaman and Nicobar, where the survey...
More »Miners may have to pay for the project-hit from day 1 by Subhash Narayan
Mining companies will have to start paying compensation to project-affected people right from the day a mining block is allocated to them and not when they start generating profits, a proposal that will further sweeten the deal for those who lose their land to industrialisation, but stoke more protest from miners. Once the project starts making profits, the displaced families will be provided an annuity income from the net income, but...
More »Rural India goes urban by Rajesh Shukla
Most discussions on the National Rural Employment Guarantee Act (NREGA) have focused on one of few things, the leakages in the implementation of the scheme, the inadequate number of jobs created, and some even talk of how NREGA has resulted in food inflation going up in various districts as well as increasing mechanisation due to unavailability of farm labour. It is, of course, true that you can’t have food inflation...
More »Q+A - India confronts land grabs in industry push by CJ Kuncheria
As India rapidly industrialises, the government and private firms are seeking large tracts of farm land to build factories, power plants and highways, sparking off violent protests by farmers and others. Here are some questions and answers on the issue: WHY IS LAND A BIG ISSUE? For many Indians, land is the only asset or social security that they possess and is a mark of social standing. Nearly 60 percent of India's 1.2...
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