Much to the discomfiture of the Centre and in a further jolt to the common man, food inflation zoomed to almost a year's high at 18.32 per cent for the week ended December 25, 2010, owing to a spurt in the prices of vegetables, onions and milk. The sudden spurt in the wholesale price index-based food inflation from 14.44 per cent a mere week ago — and more than double...
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The real meaning of food inflation by KP Prabhakaran Nair
There is a suggestion circulating in the corridors of our apex monetary regulatory authority, the Reserve Bank of India, that food inflation is beginning to look more ‘structural’ than ‘seasonal’, and it can only be tackled by addressing the supply side. We need to address both demand and supply sides simultaneously to tackle food inflation. While we must be happy that more and more poor eat fruits and cook vegetables...
More »Land fury hits Burdwan project Grievance justified: Sen
Farm labourers and sharecroppers stopped work at the site of a Rs 5,000-crore fertiliser plant in Burdwan’s Panagarh claiming they had not been paid their share of the land compensation and demanding construction jobs. The political links of the protesters at the 500-acre plot acquired by the government and handed over to the Mumbai-based Matix Fertilisers and Chemicals Ltd last year were not immediately clear. But Bengal industries minister Nirupam Sen,...
More »Left licks lips for GM fruit
A powerful central CPM leader has said “it is superstitious to completely oppose” genetically modified seeds, a shift that goes against the Left Front stand in Bengal that has a high stake in the debate. “It is superstitious to completely oppose these kinds of seeds. Such seeds could be used after thoroughly ensuring through tests that they would not harm human beings, animals and plants,” S. Ramachandran Pillai, CPM politburo member,...
More »No relief from high food prices in New Year by Gargi Parsai
If dal roti went out of reach for the aam admi in 2009, vegetables and onion prices brought tears towards the end of 2010 and with food inflation touching a high of 14.44 per cent for the week ending December 18, the New Year did not ring in any respite from high food prices. The sudden increase of Rs.3 per litre in the price of petrol in December — the sixth...
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