Twenty years ago, a Maruti 800, with an air-conditioner fitted, cost a little less than Rs 2 lakh. Today it costs about Rs 2.5 lakh. Twenty years ago, a branded 1.5 tonne window air-conditioner cost about Rs 30,000; today, you can get a split AC unit for that price. Then, Videocon was offering large refrigerators for more than Rs 30,000; you can get better units today for much less. TV...

The Union government recently indexed the wages of workers under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to the consumer price index for agricultural labour (CPI-AL). The step, aimed at boosting the purchasing power of workers, came in the midst of a controversy over the government not linking wages under MGNREGS to the minimum wage under the Minimum Wages Act, 1948. The wage hike, ranging from 17-30%, is likely...

Right to Education a special achievement of our government: Prime Minister Prime Minister Manmohan Singh on Thursday said making education a fundamental right was one of the special achievements of his government. “If there is one initiative that our government has taken in these six and a half years in office I consider really special, it is the Right to Education that has now been enshrined in our Constitution,” he said,...

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...

Farmers education should be given priority to widen their understanding on nutrients and other scientific means to boost agriculture production, renowned agri-scientist Chandrashekhar Singh has said today. "Only educated farmer could understand the benefits of nutrient foodgrains and will be able to grow them," Chandrashekhar Singh, Head of Banaras Agriculture Research Foundation Society, told reporters here. Singh, who was recently honoured by the President of India for his valuable contribution in the...