While the government may have got reprieve with the fair and remunerative price, the mills are expected to move the courts On October 21, the Central government came out with an ordinance that it will henceforth announce a fair and remunerative price for sugarcane, instead of the statutory minimum price. Millions of farmers across the country grow sugarcane which they sell to sugar mills. To make sure that prices don’t tank...

The collapse of the Dubai dream is not without any implications; it may be an indication that the travails of finance capitalism are not over. GLOBAL capitalism is in a phase in which it must deal with the fruits of the overextension during the previous boom, and there is no doubt that this is going to be painful. The financial crisis in the United States and some other developed countries...

After dedicating most of 2009 to jump-starting financial markets through stimulus packages, developed countries are now turning their attention to reforming the basic architecture of those markets, especially the incentives for risk-taking. In a major step towards regulating systemic risks, the United Kingdom last week announced a one-off 50 per cent “super-tax” on bankers’ discretionary bonuses exceeding £25,000. The move could raise £550 milli on, which would be used to...

Farmers of Chandauli district in Uttar Pradesh, who have been served a notice for acquisition of land for a freight corridor for Mamata Banerjee’s railway ministry, have decided to rope in all those who had backed the Singur agitation for a movement against the project. As a first, the farmers have written to Medha Patkar, the spearhead of the Narmada Bachao Andolan, who is one of the key social activists...

The Supreme Court on Monday declined to interfere with a Gujarat High Court judgment dismissing a petition which challenged land acquisition by the State government for the Tata Motors’ Nano project at Surendranagar. Rejecting the public interest litigation petition filed by the NGO, Rashtriya Kisan Dal represented by H.K. Thaker, Chief Justice of India K.G. Balakrishnan asked him: “You don’t want industrialisation of Surendranagar? Gujarat is the second most industrialised State.”...