Food inflation moved up to 11.49 per cent for the week ended February 12 as compared with 11.05 per cent for the previous week even as prices of certain items fell marginally. Despite the increase, Prime Minister Manmohan Singh today said while inflation has been a concern for the last 18 months, it will come down to 7 per cent by the end of the current fiscal. According to the Wholesale...
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Govt blinks again, to set up 30-member JPC
The government will announce a 30-member joint parliamentary panel with terms of reference expected to cover the period of the execution of the first-come, first-served policy for telecom licences including the opposition NDA's term in office. The committee is expected to submit a report in six months but sources were doubtful if this might be sufficient. The announcement on the JPC, its membership and terms is to be made on Thursday...
More »Congress union joins price rise protest
Trade unions staged a protest today in Delhi against the sharp rise in prices and a Prime Minister who they claimed was “indifferent” towards working class interests. The unions, including the Congress-backed INTUC, broke convention by handing a memorandum stating their demands to Lok Sabha Speaker Meira Kumar rather than Prime Minister Manmohan Singh. Such demands are usually first brought before the government. “The Prime Minister has done nothing about our demands. It...
More »Unions rally against price rise, unemployment
Demand stronger policies and end to disinvestment of public sector A “Workers' March to Parliament” in the Capital on Wednesday saw a heavy turnout of workers of various central trade unions protesting against price rise, unemployment, labour law violations and disinvestment. The participating organisations included the Centre of Indian Trade Unions, the Indian National Trade Union Congress, the All-India Trade Union Congress (AITUC), the Hind Mazdoor Sabha, the All-India United Trade...
More »Food subsidy bill to rise by 27 p.c. this year
The country’s food subsidy bill is expected to jump by 27 per cent to Rs 74,231 crore in the 2010—11 fiscal, the Lok Sabha was told today. This is due to a rise in support price and higher procurement and distribution of foodgrains via ratio shops. Last year, the government’s food subsidy bill stood at Rs 58,242.45 crore. “The amount allocated for food subsidy during 2010—11 is Rs 59,354.56 crore...Based on the actual...
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