On the night of June 21, around 10 p.m., the police of West Bengal’s Hooghly district descended on Tata Motors’ half-built Singur plant and threw out the private guards there. In about half an hour, the new government in West Bengal, under the leadership of Mamata Banerjee, took over the 997 acres that had proved to be the Waterloo of the Communist Party of India-Marxist (CPI-M) and its allies. Earlier,...
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Challenging the poverty dimension of inflation by Madan Sabnavis
A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...
More »Rural India spending more on FMCG and services: NSSO
-The Economic Times Rural Indian households are spending more on consumer goods like durables, beverages and services than five years ago, shows the latest expenditure data that debunks the notion that rapid growth in recent years did not benefit the hinterlands. The household consumer expenditure survey for 2009-10, released by the National Sample Survey Office ( NSSO )) on Friday, shows rising real spending in rural areas, even though it...
More »Food inflation eases to 7.78%
-The Times of India Food inflation eased to a six-week low on the back of improved supplies of vegetables and pulses in mid-June but fuel inflation inched up sustaining the price pressures on the economy. Data released by the commerce ministry showed that food inflation slowed to 7.78% in the week to June 18, declining from the previous week's 9.13%. Food inflation has been volatile in the past few months...
More »Wasting food
-The Business Standard There are better ways to curb it than a Guest Control Order No one can deny that in a country like India, wasting food and ostentatious consumption at social gatherings are a social crime. A social movement espousing moderation in consumption habits would instantly strike a chord with a large number of Indians. Also, few would deny that India’s newly rich and upwardly mobile like to indulge in conspicuous...
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