Trade unions of all hues join forces in an unprecedented manner and present a charter of demands to the government. IN a rare show of unity, and for the first time since Independence, around one lakh workers affiliated to eight central trade unions and national industrial federations, including the Indian National Trade Union Congress (INTUC) and the trade unions of the Left parties, came out on the streets of New...
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The Plumber Arriveth by Shubhashis Gangopadhyay
There was a lot of apprehension before budget day regarding what the Union finance minister will do to reduce the deficit. Will he roll back the tax concessions implemented a couple of years ago as part of a fiscal stimulus package? Will he announce populist social sector spending in view of the major state polls coming up this year? Will he be too timid and not take any bold steps...
More »High inflation needn't be cost of growth by Subodh Varma
Is price rise going to be a permanent fixture because of India's high growth rate? This appears to be the argument put forward by the government's top economic advisers in the recently issued Economic Survey. It argues that historical experience shows that consumer prices increase faster in countries going through a fast growth phase compared to those with slower growth rates. But analysing inflation and growth data collected by the International...
More »Unrealistic Solutions To Growing Problems by M Rajendran
With food inflation hovering in the double digit bracket for most part of 2010-11 and the aam aadmi up in arms, all hopes were pinned on the Union Budget 2011-12 for giving a new fillip to the farm sector. But the budget has disappointed most, in spite of finance minister Pranab Mukherjee allocating Rs 14,744 crore for agriculture. “An increase of only 2.6 per cent over last year makes the...
More »India wheat, non-basmati rice export ban may continue: USDA
India is unlikely to lift ban on export of wheat and non-basmati rice in the wake of high food inflation and food security concerns, the US Department of Agriculture (USDA) has said in its latest report. India had suspended wheat exports in early 2007 and non basmati rice in 2008 due to high inflation in the country. "The government of India may continue to ban exports of wheat and non-basmati rice due...
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