Members of eight major central trade unions and independent workers'/employees' federations will march to Parliament on February 23 to protest against what they call the “indifferent and don't care attitude” of the Manmohan Singh government to the “steep rise in the prices of Essential Commodities, rampant violation in implementation of labour laws, plight of unorganised workers, and reckless contractorisation of employees.” The Indian National Trade Union Congress (INTUC), trade union wing...

Pranab Mukherjee today got an opportunity to escape the drudgery of financial jargon and immerse himself in phrases such as poor, women, Muslims, farmers, weavers and prices. At an annual pre-budget exercise at the Congress headquarters, most party leaders asked the finance minister to provide relief to “the common man”, bring down inflation to a single digit, reduce petrol prices, lower interest rates on agriculture, housing and education loans and offer...

As food prices rose for the seventh month in a row in January, contributing to recent popular unrest in the Middle East and a spike in commodities purchases by developing countries last week, some analysts are quick to make comparisons to the dry years of 2007-2008. But others warn against panic and oversimplified predictions of an impending food crisis, which contribute to price volatility. "It is important to underline – and we've...

The face of agriculture in India is changing fast. It needs to become not only sustainable but also profitable for farmers especially the young to stay on the land and cultivate it. The farmers must understand how markets respond to agricultural produce. He should not stop by spending all his life's energy and resources on creating the agricultural produce, but should know how to get good returns for his efforts. This is...

Prime Minister Manmohan Singh today asked states to waive local taxes, including octroi, as well as reform the outdated Agriculture Produce Marketing Committee Act, or Mandi Act, to help control a runaway food inflation. The Prime Minister also called for dovetailing organised retail chains with farm supply chains. “Supply chains need to be strengthened and these need to be dovetailed with organised retail chains for quicker and more efficient distribution of farm...