Government’s food subsidy bill is expected to swell to around Rs 81,000 crore in the current financial year, up from the Budget estimate of around Rs 68,000 crore for 2010-11 because of higher cost of procurement of wheat and rice and increased allocations to below poverty line and above poverty line families in the current financial year, official sources said. The 19% estimated increase in food subsidy also includes those part...
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Food price inflation worries India
India's food prices have increased significantly over the weekend, leaving customers and shopkeepers extremely worried. Reuters reports the price of onions in particular has peaked. Onions are currently selling between Rs 70-80 per kilogram ($AU1.56- $AU1.78), after being worth Rs 45 ($AU1) only a few days ago. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) reports food inflation climbed nearly to a year's high of 18.32 per cent on December...
More »India to revisit cotton export ban to keep onions flowing by Sujay Mehdudia
India is understood to have told Pakistan that it is ready to lift the ban on cotton exports if the latter resumes its onion exports through rail and land routes. Official sources in the Commerce Ministry said this was conveyed to Islamabad by the External Affairs Ministry. “The Indian side has conveyed to the Pakistani counterparts that it was ready to revisit the cotton export ban and ceiling issues, if the...
More »Citizens, not numbers by Nandini Sundar
If home minister P Chidambaram’s recent letter to West Bengal chief minister Buddhadeb Bhattacharjee is any indication, it has taken the Union home ministry seven years to realise that arming civilians to fight Naxalites is a bad idea. How much longer will it take for them to realise that the current paramilitary-based approach in Chhattisgarh is similarly bound to fail? From 2003 onwards, the home ministry has followed a policy of...
More »RTI reply lays bare govt’s claim of labour welfare by Shiv Sahay Singh
Even as the Left Front government in Bengal have pledged itself to champion the cause of labourers in the country, the number of companies in the state who deny minimum wages to its workers has increased manifold in the last few years. In 2006, 61 companies were fined for denying minimum wages to its workers which came down to 42 in 2007. But again in 2008 the number increased to 223...
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