-The Economist West Bengal’s populist chief minister is doing badly. Yet she typifies shifts in power in India BUYER’S remorse is common enough in the dusty markets of Kolkata, a delightful if crumbling great city, once known as Calcutta and still capital of the state of West Bengal. Those who buy cheap plastic goods or plaster-of-Paris busts of Rabindranath Tagore, Bengal’s cultural hero, may come to regret their haste. Likewise, many who...

The latest Majithia wage board has recommended that Salaries be increased, in some cases to 200% of prevailing rates The Press Trust of India, or PTI, India’s largest newswire, will be shut for about 30 hours from Saturday as its employees go on strike to protest the non-implementation of the wage board recommendations to significantly increase their Salaries. The Federation of PTI Employees’ Unions said in a notice that the employees will...

Rising wages in both rural and urban India have contributed to inflation, and managing price levels when wages are rising is key to deriving benefits from higher growth, the Reserve Bank of India has said.  "The pressure on generalised inflation from sustained increase in wage costs has been one important characteristic of the recent high inflation episode. Wage increases for unskilled labourers in rural areas continue to be at a rate...

The Supreme Court's recent mandate that private unaided non-minority schools should reserve 25 per cent of seats for underprivileged children is being hailed as a landmark ruling. The spirit of the decision is indeed laudable as it reflects the egalitarian ethos of the Right to Education (RTE) Act. Thus, as private schools open their doors to children from marginalised sections of society, the government pats itself on the back for...

On Thursday, April 12, the Supreme Court upheld the validity of the provision in the Right of Children to Free and Compulsory Education Act — better known as the Right to Education or RTE Act — that makes it compulsory for private schools (including schools that have received no cheap land, one-time subsidy or contribution to ongoing expenses from a government agency) to take in 25% pupils from poor-income backgrounds. It...