-The Guardian The global application of a fraudulent economic theory brought the west to its knees. Yet for those in power, it offers riches How they must bleed for us. In 2012, the world's 100 richest people became $241 billion richer. They are now worth $1.9 trillion: just a little less than the entire output of the United Kingdom. This is not the result of chance. The rise in the fortunes of the...
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India’s crackdown on illegal mining is a huge bonus for big miners
-Reuters India’s efforts to clamp down on illegal mining have handed a $15 billion lifeline to global iron ore giants, and there could be more to come. Steps taken by central and state authorities to clean up the mining and export of iron ore have shut down output in two key producing states, slashing shipments and forcing steel mills to import a raw material the country has in abundance. Now the Shah Commission,...
More »Sell excess wheat, share profit with farmers, says CACP
-The Economic Times The government should liquidate wheat stocks through exports and sales in the open market and share the proceeds with farmers to raise their income levels, a government panel suggested. In its latest report to the agriculture ministry, the Commission for Agricultural Costs and Prices (CACP), which recommends a minimum support price (MSP) for agriculture crops, is said to have maintained that there is no reason to lift the...
More »From plastic portable loos to Sanitary Bonds, India needs a latrine policy-V Raghunathan
-The Economic Times After Mahatma Gandhi, Jairam Ramesh is the only national leader to be genuinely concerned that 65 years after Independence, some 600 million Indians in the 21st century continue to use open skies as their latrines. While Lee Kuan Yew continues to exhort Singaporeans to have cleaner loos, our ministry of railways thinks depositing human excreta all along the country's length and breadth, including deep into the cities -...
More »Higher pension ball lands in Cabinet's court-Amiti Sen
-The Economic Times The labour ministry has moved a Cabinet note saying the government should raise the monthly pension for organised-sector workers to Rs 1,000 and fund the differential, despite the proposal cutting no ice with finance ministry. The Cabinet note, moved by Labour Minister Mallikarjun Kharge, has put out three options, but his ministry is keen that the burden of providing the extra pension does not fall on employees. "We have proposed...
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