Prime Minister Manmohan Singh has asked the rural development ministry to develop an index for fixing and revising wages under rural job scheme NREGA. The move follows a letter from Sonia Gandhi requesting Singh to find a way to ensure workers under the scheme are paid the minimum wages across the country. The minimum wages in several states, such as Rajasthan, Andhra Pradesh, Chhattisgarh, Jharkhand, Bihar and Karnataka, are now higher than...
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Food inflation soars to 18.32%
Wholesale food inflation saw a sharp increase to 18.32 per cent for the week ended December 25, primarily due to a steep rise in onion prices. The inflation rate is a 23-week high, much above the expectations of analysts and policymakers. Food inflation, as measured by the wholesale price index (WPI), was at 14.44 per cent for the previous week ended December 18 and at 19.9 per cent in the corresponding...
More »India Journal: Why Vedanta Lost and Posco Looks Like a Winner by Rupa Subramanya Dehejia
Two large industrial projects, one poor state, two likely different outcomes — and a long-haired, flamboyant environment minister-turned-crusader starring in both. No, this is not your latest blockbuster but it has the makings of one. As reported Monday, Posco, the South Korean steelmaker, cleared a major regulatory hurdle in its bid for a massive steel project in Orissa. An environment ministry panel gave clearance for an initial steel production capacity of...
More »PM rejects NAC's recommendation on minimum pay by Rukmini Shrinivasan
Prime Minister Manmohan Singh has shot down the Sonia Gandhi-headed National Advisory Council's recommendation that the National Rural Employment Guarantee Scheme (NREGS) workers be paid the minimum wages set by states. The prime minister, in his December 31 letter to the UPA chairperson, clarified that the wage rate fixed by the central government would be indexed to inflation but not linked to the Minimum Wage Act. The PM's letter says...
More »Bold ways needed to check ethical failings of the media: N. Ram
‘For the Indian media, the key question is one of covering mass deprivation' Time to rediscover concept of freedom of press in Marxist terms: Sashi Kumar N. Ram, Editor-in-Chief of The Hindu, has called for “bold and radical” ways to check the ethical failings of the media. Inaugurating a seminar ‘Whither Media,' organised as part of the three-day Third International Congress on Kerala Studies, which concluded here on Monday, Mr. Ram said that...
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