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House panel seeks parity between NREGA, minimum state wages -Urmi A Goswami

-The Economic Times NEW DELHI: A parliamentary panel has asked the Centre to bring parity between wages under the rural employment guarantee programme and those given by states for agricultural labour under the Minimum Wages Act. The recommendation of the panel, headed by BJP leader Sumitra Mahajan, comes as a shot in the arm for the rural development ministry's proposal to link wages under the rural employment programme and the minimum wages...

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GET READY FOR HIGHER FOOD PRICES

The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...

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The dishonesty in counting the poor-Utsa Patnaik

-The Hindu     The Planning Commission's spurious method shows a decline in poverty because it has continuously lowered the measuring standard The Planning Commission has once again embarrassed us with its claims of decline in poverty by 2011-12 to grossly unrealistic levels of 13.7 per cent of population in urban areas and 25.7 per cent in rural areas, using monthly poverty lines of Rs. 1000 and Rs. 816 respectively, or Rs. 33.3 and...

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Cabinet revises income criterion to exclude creamy layer from OBC list

-The Hindu     Nod to increase income criterion from Rs. 4.5 lakh to Rs. six lakh The Union Cabinet on Thursday gave its approval for increasing the "creamy layer" income criterion from Rs. 4.5 lakh to Rs. six lakh per annum throughout the country. The socially advanced persons and sections, known as the "creamy layer," are barred from reservation benefits for the Other Backward Classes (OBCs). The Cabinet on Thursday said the present income...

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CPI inflation hits 13-month low, slows to 9.39 per cent in April

-CNN-IBN New Delhi: After better than expected industrial production numbers, which came at 2.5 per cent for the month of March, inflation has also hit a 13-month low. Consumer Price Index for the month of April is at 9.39 per cent against 10.39 per cent in March. Rural inflation was also seen going down at 9.16 per cent as compared to 10.41 per cent in March. Food prices for consumers rose an...

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