The government plans to hike diesel prices by up to Rs 3 a litre soon after the assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on card. "An Empowered Group of Ministers (EGoM) headed by finance minister Pranab Mukherjee is scheduled to meet on May 11 to mull on a hike in diesel prices," a top government official, refusing to...
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The deception at the heart of ‘Rising India' by Pankaj Mishra
From the Prime Minister down, WikiLeaks has exposed the rotten state of the world's largest democracy for all to see. Food prices become intolerable for the poor. Protests against corruption paralyse Parliament. Then a series of American diplomatic cables released by the WikiLeaks exposes a brazenly mendacious and venal ruling class; the head of government adored by foreign business people and journalists loses his moral authority, turning into a lame duck. This...
More »Food inflation at 9.50% y/y on March 19
Food inflation fell to a single digit at 9.5 per cent for the week ended March 19 amid easing pulses prices, even as fruits and protein-based items remained costly. Food inflation based on the wholesale price index (WPI) had risen to 10.05 per cent for the preceding week leading up to March 12 after remaining in a single digit for two weeks. During the week ended March 19, prices of...
More »Don't blame the poor, it is Bush language: Brinda by Sujay Mehdudia
Lashing out at the United Progressive Alliance-II for following anti-people policies and not even sparing school-going children in the general budget by levying taxes on their textbooks and stationary, Communist Party of India (Marxist) leader Brinda Karat on Thursday urged the government not to blame the poor for the food inflation. “By attributing the rise in prices to increasing consumption by the poor, the government is putting the blame for food...
More »United action by TK Rajalakshmi
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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