Even as concerns are emerging about generalised inflation gripping the economy, with reports of rising wage rates, food price inflation remains the citizen’s core concern. Macroeconomic authorities have been chasing a variety of targets – monetary, fiscal and supply-side constraints – to get a better grip on prices. It is often hoped that higher prices would translate into increased production since farmers would respond positively to price signals. What then...

A group of citizens including several senior scientists has called on the Centre to review its nuclear power policy for appropriateness, safety, costs, and public acceptance, and conduct an independent and transparent safety audit of its nuclear facilities. The group, including P. Balaram, director of the Indian Institute of Science, Bangalore, economist Jean Dreze, and A. Gopalakrishnan, the former director of the Atomic Energy Regulatory Board, has said that while this...

The UPA-2 government had challenged the Comptroller and Auditor General's report that blew the lid off the 2G spectrum scam and its estimated loss of Rs 1.76 lakh crore, but the Supreme Court virtually endorsed the auditor's findings and said they tally with those of Central Bureau of Investigation. ( Read: CBI told to get special prosecutor for 2G case ) Presenting details of the CBI investigation to a bench comprising...

The pressure on the United Progressive Alliance (UPA) government to enact the Lokpal Bill to check corruption by public servants is mounting, 42 years after another government first attempted to create such a law, as civil society representatives and the Sonia Gandhi-led National Advisory Council (NAC) have joined hands to push for the early enactment of a tough law. On April 3, the National Campaign for People's Right to Information (NCPRI)...

The Fukushima disaster has prompted calls to review legislation passed by the Indian parliament in August 2010 that capped compensation payable, in the event of a nuclear accident, at 320 million U.S. dollars. "Fukushima showed what the potential damage from an accident could be," M.V. Ramana, physicist and well-known commentator on nuclear energy safety issues, told IPS. "The economic damages [at Fukushima] must have certainly exceeded the compensation allowed in the nuclear...