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The truth of India’s position at Bali

-Live Mint The national food security law is in trouble from an unlikely source The outcome of the World Trade Organization (WTO) summit at Bali has been projected as a great victory for the Indian government by its spokespersons. Nothing could be farther from the truth. In exchange for a temporary reprieve on its food support programme, India has bartered away the bargaining chip of trade facilitation, which Western negotiators demanded. The...

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A case for universal pension -Jayati Ghosh

-Frontline In a situation of increasing life expectancy and crumbling traditional support structures, a universal social pension scheme that does not rely on contribution by a person or an employer can help the elderly. INDIA prides itself on being a "young" society, likely to benefit from a demographic dividend as children and young people move into working age groups over the next decade. This optimistic view assumes that society will be able...

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Bengal among most expensive states in India -Rohit Khanna & Suman Chakraborti

-The Times of India KOLKATA: You must have been complaining about rise in prices across categories - food or non-food. What you have not realized is West Bengal has become one of the most expensive states in India. Consumer price indices for October this year, filed with the Parliament barely a fortnight back, shows that Bengal's figure is now the second highest. Consumer price indices (CPI) for the rural Bengal during October...

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Price rise: Poor man’s curse-L Venkat Ram Reddy

-Deccan Chronicle Hyderabad: The rising prices are driving people from the lower income groups in the city into extreme poverty. These groups earn about Rs 5,000 per month and most of it goes towards house rent and food, leaving nothing for their children's education and health needs. The rising prices of rice, cereals, vegetables are fo-rcing the urban poor to cut back on the quantity and quality of their food resulting in food...

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Nomura says slowing rural wages should bring inflation down

-PTI MUMBAI: Japanese brokerage Nomura today said with real rural wages moderating, both rural demand and inflationary pressures will moderate in the medium-term, giving the much-needed room to the Reserve Bank to lower interest rates. "Though rural wages continue to rise, the pace of growth is moderating. Growth in the average daily wage rate for agricultural labourers dipped to 13.1 per cent in August year- on-year, which is significantly slower than 18.5...

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