With the Union government refusing to play Santa Claus and regulate market forces, the Merciless rise in onion prices threatens to mar Christmas, New Year and Makar Sankrantri festivities. With several markets reporting a further rise in prices to about Rs.85 a kg, Prime Minister Manmohan Singh intervened, by directing the Ministries of Agriculture and ConsuMer Affairs to take steps to bring its prices to affordable levels. According to sources, the Prime...

The economic resolution adopted by the All India Congress Committee at the Burari session is a reiteration of the party’s last two election manifestos. It combines a commitment to rapid economic growth with that to redistributive policies that would help make the growth process socially inclusive. There is a helpful explanation of the three sources of inflation — excess demand, improved prices to farMers and global commodity price inflation —...

Congress President Sonia Gandhi's five-point plan to counter corruption, announced during the recent plenary session of the party and Prime Minister Manmohan Singh's offer to appear before the Public Accounts Committee (PAC) on the spectrum scam are, on paper, reasonable measures aimed at reversing the toll the series of scams and controversies have taken on the government. But without concrete action and setting up of mechanisms which can effectively implement counter-corruption...

Potato prices have turned volatile across India due to a mismatch in demand and supply. While prices have come down in northern and western India, prices still remain firm in the eastern part due to crop delays . FarMers in Punjab are getting 250-300 per quintal for the Pukhraj and Jyoti potato varieties. In the Jalandhar mandi, prices for a 50-kg packet were ruling at 130-160 on Tuesday while in the...

A direct outcome of the global economic crisis has been a decline in the rate of growth of wages across the world, barring Asia and Latin AMerica. A study by the International Labour Organisation, Global Wage Report 2010-11: Wage policies in times of crisis, highlights this reality and points to the need for countries to put in place proper social and labour market policies to protect an increasingly vulnerable workforce....