With the inflation rate of pulses still in double digits for more than a year, the government today said the supply of pulses would remain a critical problem for another two to three years. The government is expecting an increase of two million tonnes (mt) in production of pulses in the current crop year (July 2010-June 2011). “So far as pulses are concerned, it is going to be a critical problem not...
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Revisiting Indian poverty by cp chandrasekhar
Even as India once more self-declares its “arrival on the world stage” with a symbol for the Indian rupee, a global assessment presents a depressing picture of India’s actual economic performance. In a study whose conclusions were to be expected, the Oxford Poverty and Human Development Initiative (OPHDI) has revealed that an appropriate index of poverty (and deprivation) finds its incidence in India and elsewhere to be much greater than...
More »Steel and power by Kanika Datta
Businessmen and society have a strangely contradictory relationship. The economic activity they generate can be an agent of social transformation and progress — a quick look at the changes in Indian society in the last two decades would be one indicator. Yet, businessmen in themselves are rarely conscious promoters of social progress. This is hardly unexpected. Business inherently seeks a stable environment in which to flourish, so businessmen tend not to...
More »Danger of inflation by cp chandrasekhar
WELL before Budget 2010-11 was presented, inflation had emerged as the principal economic problem in the country. With food-price inflation running at close to 20 per cent, even the United Progressive Alliance (UPA) government at the Centre had been forced to recognise it as a problem that deserved as much attention as the objective of achieving a 9 or 10 per cent rate of growth, if not more. In fact,...
More »Manmohan’s photo cannot be used without PMO’s approval by Sandeep Joshi
The Prime Minister’s Office (PMO) has thrown a spanner in the works of the National Highways Authority of India (NHAI), which planned to put up huge hoardings of Prime Minister Manmohan Singh’s photographs along all national highways. Going a step further, it directed all Central ministries and departments not use the Prime Minister’s photographs without prior approval. “Photograph of the Prime Minister cannot be used by any Ministry /Department without...
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