The new consumer price indices set to debut in January will be compilations of indices for states that reflect the price trends prevailing in the country accurately, helping policy formulation and targeted intervention. Each state will have two consumer price indices, one for rural and another for urban areas. These CPI rural and urban will be added up to arrive at urban and rural retail indices at the national level. These...

Can the government break its own laws? That seems to be the case when it comes to minimum wages in the National Rural Employment Guarantee Scheme (NREGS), which makes the government the employer of the world’s largest workforce of close to 35 million job-card holders. In 19 states, the workers are getting less than the minimum wages in their areas, with the rural development ministry and the labour ministry looking the...

Members of the National Advisory Council (NAC) Aruna Roy and Jean Dreze have accused the UPA government of being “increasingly anti-labour” in their assessement of the national rural employment guarantee programme, on its fifth anniversary. With support from several activists associated with the government’s flagship social sector scheme, they have alleged that the “contractor mafia”is increasingly dominating in the states, minimising the potential to create remunerative employment through the programme. According to...

Major foodgrains producing states have been the worst hit by rising prices, thanks to the Centre’s decision to pay more to farmers for their produce. Although inflation, as measured by the consumer price index (CPI), has been in double digits for nearly six months, there are several states where CPI in the rural region has been around 20%. A look at state-wise consumer price index numbers shows that pre-dominantly agri-based...

Does the government really have any clue about how to go about controlling prices? A quick survey of statements made by everybody from the prime minister downwards shows a picture of groping in the dark, while handing out empty assurances from time to time. What is worse, it's all smoke and mirrors for the public. Coming as it does from a government that is loaded with top-notch economists, it is...