Prime Minister Manmohan Singh has asked the rural development ministry to develop an index for fixing and revising wages under rural job scheme NREGA. The move follows a letter from Sonia Gandhi requesting Singh to find a way to ensure workers under the scheme are paid the minimum wages across the country. The minimum wages in several states, such as Rajasthan, Andhra Pradesh, Chhattisgarh, Jharkhand, Bihar and Karnataka, are now higher than...
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Food inflation zooms to 18.32 per cent
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...
More »Basu blames trader cartels for high onion prices
Top economic advisor in the finance ministry on Wednesday blamed cartels among traders for the skyrocketing prices of onion. “There are forms of implicit cartels working among the traders that block the movement of new entry, the appearance of new players,” chief economic advisor Kaushik Basu said while explaining the reasons behind the onion price rise. The price of the vegetable, which is ruling at Rs 60 per kg, went up...
More »US seeks new ways to count poverty by Carol Morello
The Census Bureau took a baby step toward redefining what is considered poor in America on Tuesday when it released several alternative measurements of poverty, fundamentally revising a one-size-fits-all formula developed in the 1960s by a civil servant. Under a complex series of eight alternative measurements, the Census Bureau calculated that in 2009, the number of Americans living in poverty could have been as few as 39 million or as...
More »Wage hike for MGNREGA workers by K Balchand
Over five crore Mahatma Gandhi NREGA workers across the country will enjoy a 17 to 30 per cent rise in wages with their wage rate being linked with the Consumer Price Index for Agricultural Labour(CPIAL) with immediate effect. The Ministry of Rural Development issued the notification in compliance with the directives of Prime Minister Manmohan Singh who had, however, differed with NAC chairperson Sonia Gandhi's recommendation for a hike in statutory...
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