If the price rise is due to production shortfall, how does one explain the near doubling of the price within a few days? The sharply rising onion prices have raised the suspicion that speculators are manipulating a shortage situation. First, a few facts. In retail markets, onion prices have soared from Rs 10-11 per kg in June to as high as Rs 70-80 on Dec 21. Even more significantly, prices zoomed by...

Worst figure in six years Total number of farm suicides since 1997 is 2,16,500 The share of Big 5 States remains very high at 10,765 At least 17,368 Indian farmers killed themselves in 2009, the worst figure for farm suicides in six years, according to data of the National Crime Records Bureau (NCRB). This is an increase of 1,172 over the 2008 count of 16,196. It brings the total farm suicides since 1997...

Even as the media celebrate the Mercedes Benz deal in the Marathwada region as a sign of “rural resurgence,” the latest data show that 17,368 farmers killed themselves in the year of the “resurgence.” When businessmen from Aurangabad in the backward Marathwada region bought 150 Mercedes Benz luxury cars worth Rs. 65 crore at one go in October, it grabbed media attention. The top public sector bank, State Bank of India,...

Thirty years ago, in an act I still feel guilty about, I woke up a very great Indian from his sleep. I was volunteering at a conference in New Delhi, and had been asked to fetch the Member of Parliament from Dhanbad, AK Roy, from his quarters in Vithalbhai Patel House. Roy, a labour leader legendary for his integrity and his wide range of reading, had been elected from the...

The spectre of rising onion prices is haunting Indian politics again. As prices trebled over a period of three weeks, touching Rs.90 a kg in some parts of the country, the liliaceous plant, whose bulb is the mainstay of many Indian staple recipes, became a topic of debate and discussion not only for ordinary consumers, but for economists and policymakers as well. India is the world's second largest producer of...