In a move that brings relief to the rural workforce, but risks creating an inflation spiral, the government on Thursday revised the minimum wages paid for its flagship job guarantee scheme by linking them to the Consumer Price Index for agricultural labour (CPI-AL) for each individual state. Such a price spiral, in case it actually emerges, could roil the electoral prospects of the Congress in the key contests to the state...

Since 1947, successive governments have missed innumerable opportunities to put the country on the path of sustained, inclusive growth. Time and again, quixotic ideology has led to meaningless debates, antediluvian policy and inexplicable strangulation of capacity buildup in both physical and social infrastructure. Even today, while the gap between current and projected national demand and supply is well acknowledged, the government continues to drag its feet in creating the policy...

Over five crore Mahatma Gandhi NREGA workers across the country will enjoy a 17 to 30 per cent rise in wages with their wage rate being linked with the Consumer Price Index for Agricultural Labour(CPIAL) with immediate effect. The Ministry of Rural Development issued the notification in compliance with the directives of Prime Minister Manmohan Singh who had, however, differed with NAC chairperson Sonia Gandhi's recommendation for a hike in statutory...

It will be tabled in the Budget session of Parliament: Kharge Manmohan's nod obtained for amendment 17 amendments to impose higher penalties In a move that will benefit 55 lakh workers in the mining sector in the country, the Union Labour and Employment Ministry is amending the National Mines Act 1952. The Amendment Bill would be tabled during the Budget session of Parliament. Announcing this at a press conference at the Karnataka Pradesh Congress...

The food subsidy bill for 2010-11 could shoot up by nearly Rs 25,000 crore to touch Rs 80,000 crore, putting further pressure on the government’s finances, a food ministry official said on Tuesday. The government has Budgeted Rs 55,578 crore for the current fiscal. The sharp increase in the subsidy is because of higher minimum support price ( MSP )) for crops and the government holding food stock that are nearly three times...