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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Of luxury cars and lowly tractors by P Sainath
Even as the media celebrate the Mercedes Benz deal in the Marathwada region as a sign of “rural resurgence,” the latest data show that 17,368 farmers killed themselves in the year of the “resurgence.” When businessmen from Aurangabad in the backward Marathwada region bought 150 Mercedes Benz luxury cars worth Rs. 65 crore at one go in October, it grabbed media attention. The top public sector bank, State Bank of India,...
More »Sea water as a social resource: significance of Vedaranyam Salt March by MS Swaminathan
A sea water farming project and a genetic garden of Halophytes are being launched at Vedaranyam today The year 2010 marks the 80th anniversary of the Salt Satyagraha launched at Dandi by Mahatma Gandhi and at Vedaranyam by Rajaji to establish that sea water is a social resource. A Sea Water Farming project and a Genetic Garden of Halophytes are being launched at Vedaranyam on December 26, 2010 to initiate a...
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 »Money for nothing. And misery for free by Rohini Mohan
IT WAS a windfall five years ago that taught Panchali Satyavva the power of a lie. It happened one Monday afternoon in Someshwar village of Nizamabad district in Andhra Pradesh. It was raining in sheets and she had just placed a bucket under the steady trickle of water from the roof of her hut. Two men were at her door, holding umbrellas and offering her an unsolicited Rs. 5,000. They...
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