To encourage cultivation of pulses, the Union government on Thursday increased the minimum support prices by up to 33 per cent, but did not extend the favour to other kharif crops. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Manmohan Singh, increased the minimum support price of arhar by Rs. 700 a quintal to Rs. 3,000, of moong by Rs. 410 to Rs. 3,170 and of urad by...
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Bhopal panic seeps into Singur Ash from factory with blot on record by Kinsuk Basu and Jayanta Basu
Bhopal cast a pall on Singur today, fed by a cocktail of pollution, panic and politics. A chemical factory, declared a “fit case for closure” by the state pollution control board (PCB) two months ago, spewed carbon soot-laced smoke this dawn. The plant belongs to Himadri Chemicals and Industries, a company with an annual turnover of over Rs 500 crore and said to be the country’s largest manufacturer of coal tar...
More »The social question, who cares? by Jan Breman
Built into the economic dogma of growth first is the ingrained notion held by large segments of the nation's elite that the fabric of inequality is meant to remain unimpaired. “The Challenge of Employment in India; An Informal Economy Perspective” sums up the findings of a National Commission set up in September 2004 to review the status of the unorganised/ínformal sector in India (Volume I Main Report and volume II...
More »Population, incomes tilt India towards food imports
India's anxiety over erratic monsoon rains will become more acute as rising incomes and a growing population push up demand for farmed produce faster than supply, turning the nation into a major importer within 5 years. Forecasts of a normal monsoon this year have stirred hopes for smooth supplies and low inflation, reversing setbacks from last year's poor rains. But the country must boost yields if it is to feed...
More »Govt already planning new base year by Asit Ranjan Mishra
Work on a new base year will start the moment the government starts releasing key economic data such as the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP) with 2004-05 as the reference point within a few months. The National Statistical Commission (NSC), under C. Rangarajan, has recommended that the base year be updated every five years. Officials in the ministry of statistics and programme implementation (Mospi) say...
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