From onions, sugar and coconuts, to tea, pulses, rice and spices, all kitchen ingredients will remain expensive in the New Year as unseasonal rains beyond the monsoon wipe out India’s major crops. Worse, rains are hampering the sowing of winter wheat, coarse grains and oilseeds, putting further pressure on food inflation that touched a two-and-a-half month high at 14.44% on Thursday. Across the country, farmers are helplessly watching their fields turn into...
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Jaitapur project promoters can't buy off villagers: study by Meena Menon
Majority believe environment, livelihood are at stake Region falls in seismic zone III, which is not suitable for nuclear plants Villagers contest NPCIL claim that 626.527 out of 938 hectares acquired is barren It will be a mistake to construe the people's struggle against the proposed Jaitapur Nuclear Power Project as an agitation for higher compensation, says a social impact assessment report prepared by the Tata Institute of Social Sciences. A majority strongly believe...
More »Chomsky, Romila Thapar condemn Binayak's conviction
Public outrage at the sentencing of physician and rights activist Binayak Sen continued on Tuesday, with philosopher Noam Chomsky, historian Romila Thapar and 80 others, including leading academics, writers and journalists, signing a joint statement condemning the “unbelievable savagery” of the sentence. Urging his immediate release as well as the early hearing of his appeal “with enlightened reason” by the higher judiciary, the statement said: “The Damage done by this shocking...
More »Global Food Prices in 2011 Face Perilous Rise by John Foley
Food prices globally are rising to dangerous levels. There is talk of a coming crisis, like the ones that produced riots around the world in 2008 and 1974. Many of the ingredients of a disaster are present, but governments can stop the problem before it causes too much Damage. A warning sign is the price of traded staples like wheat, corn and rice. Prices shot up in 2010, soaring 26...
More »Speculators at work by Alok Ray
If the price rise is due to production shortfall, how does one explain the near doubling of the price within a few days? The sharply rising onion prices have raised the suspicion that speculators are manipulating a shortage situation. First, a few facts. In retail markets, onion prices have soared from Rs 10-11 per kg in June to as high as Rs 70-80 on Dec 21. Even more significantly, prices zoomed by...
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