One lives to learn — or unlearn. The working head of what passes for this country’s Planning Commission is unambiguous about it. One important measure to fight inflation, he believes, is to raise prices. That is to say, to stop prices from rising, you must first raise prices. The gentleman has heartily endorsed the recent serial increases in the prices of Petroleum Products since such increases will, in his view,...
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Amazing journey of a 70-year-old social entrepreneur by Shobha Warrier
Retirement at 60 means a relaxed life for most people. Not so for 70-year-old P Mukundan, managing director of Servals Automation Pvt Ltd, though. He did retire from his busy business life at 60 but chose to become a social entrepreneur after that. He started a social enterprise that is 'for-profit' but that touches the lives of those who live in rural areas all over the world. In 2002, Mukundan started manufacturing...
More »Prudence vs populism
-The Business Standard By staying the state government’s hand on the return of the land acquired by the Tatas for their automobile project in Singur, the Supreme Court has injected some sense into the handling of the matter. The Mamata Banerjee government created an avoidable mess with its hasty decision to find a legislative way out of a difficult political situation. Even as the Calcutta High Court was hearing the...
More »Petrol price may be hiked by Rs 3
A hike in diesel and domestic LPG prices has been deferred for now, but an increase in petrol prices later this week looks imminent. An Empowered Group of Minister (EGoM) headed by Finance Minister Pranab Mukherjee was to meet on Wednesday to consider raising the diesel price by Rs 3-4 a litre and domestic LPG rates by Rs 20-25 per cylinder, but the meeting was deferred without assigning any reason. "No new...
More »Don't blame the poor, it is Bush language: Brinda by Sujay Mehdudia
Lashing out at the United Progressive Alliance-II for following anti-people policies and not even sparing school-going children in the general budget by levying taxes on their textbooks and stationary, Communist Party of India (Marxist) leader Brinda Karat on Thursday urged the government not to blame the poor for the food inflation. “By attributing the rise in prices to increasing consumption by the poor, the government is putting the blame for food...
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