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UN issues policy guide for countries hit hard by high food prices

The United Nations Food and Agriculture Organization (FAO) is calling on countries to carefully examine the implications of high food prices and not to take any policy actions that might appear useful in the short term but could have harmful, longer-term effects or even aggravate the situation. The call comes with the agency’s publication today of an updated guide for policy-makers in developing countries, aimed at helping them address the negative...

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Cotton price touches new high, but who's benefitting?

With the order of district deputy registrar Harishchandra Hussey to 16 Agriculture Produce Marketing Committees in 16 talukas to submit a report on the details of cotton purchase made by them during the current season, the spree of buying cotton from door to door in the villages by the private players is set to stand exposed. The price of cotton has increased to Rs 6,000 per quintal in recent past. Expecting...

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Maximum denial

‘The least that every worker in field and factory is entitled to is a minimum wage which will enable him to live in modest comfort, and humane hours of labour which do not break his strength or spirit...,’ Jawaharlal Nehru declared stirringly in his presidential address to Congress in Lahore in 1929. Eight decades later, the Union government of free India resolved that it would not pay the minimum wage...

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Eco activists want ban on bauxite mining in Shevaroyan Hills

Accusing the Mettur-based Madras Aluminium Company (MALCO) of the Vedanta Group of indulging in “blatant violations” of all laws at the eco-sensitive Shevaroyan Hills here while mining for bauxite, a team of environmentalists and social activists, who carried out an exhaustive study on the environmental impact, has urged the State and Central governments to impose an `immediate ban' on its mining operations. The fact-finding study, sponsored by Salem-based Social Research and...

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A Bengali rate of growth by Mohan Guruswamy

Despite its slackening industry, the common perception of West Bengal as a backward state has little substance when one looks at the facts. Most of us are conditioned to view economic development in terms of industrialisation. While industrialisation is essential for economic transformation, it is not as if economic growth is not possible without it. The sectoral structure of India's gross domestic product (GDP) and its slow transformation makes a good...

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