Rising food prices pushed tens of millions of people into extreme poverty last year and are reaching "dangerous levels" in some countries, World Bank President Robert Zoellick said Tuesday as he released new data showing that the cost of grain and other staples is near a historic high. The costs of some key commodities such as wheat have doubled in the past year, and a World Bank index of overall food...

Corruption and inflation, the bugbears of UPA-2, dominated discussions Congress functionaries held with finance minister Pranab Mukherjee amid expectations from the party that a populist Budget would help check the negative tide against the Centre. Party leaders are hoping specifically for income tax relief for the middle class and concessions for rural populace as the budgetary antidote to the negativity post-2G spectrum scam. Mukherjee assured his party that prices would come down...

Members of eight major central trade unions and independent workers'/employees' federations will march to Parliament on February 23 to protest against what they call the “indifferent and don't care attitude” of the Manmohan Singh government to the “steep rise in the prices of essential commodities, rampant violation in implementation of labour laws, plight of unorganised workers, and reckless contractorisation of employees.” The Indian National Trade Union Congress (INTUC), trade union wing...

In a reformist move long recommended by various economists and panels, the government has set up a task force to create a way to directly transfer cash to the ultimate beneficiaries of various subsidy schemes, which are, at best, messy and, at worst, ineffective. The task force will be headed by Nandan Nilekani, chairman of the Unique Identification Authority of India. A pilot will be rolled out in the next four...

The central government had diverted Rs 20,000 crore of funds meant for tribal people’s welfare to other departments in the past two years, CPM Politburo member and Adivasi Adhikar Rashtriya Manch president Brinda Karat alleged here on Monday. Speaking at a dharna organised by the AP Girijana Sangham in front of the office of the Integrated Tribal Development Agency (ITDA) here to seek release of more funds for the welfare of...