Pain of Price Rise

Amid the rising criticism of government policies over price rise, Union Agriculture Minister Sharad Pawar said that checking price rise is not his job. He said, “Rising prices is not a responsibility of Agriculture Ministry, as its prime job is to ensure the availability of food grains like wheat, rice, oil seeds and pulses. The decision of taking a particular vegetable crop is taken by the farmer at a local level and the hike in their prices is also a local matter and is not Union Agriculture Ministry’s responsibility.”

Simmering dissent in industries

The problem of workers, specially the difference in wages and other working conditions of permanent workers and contractual workers needs to be checked. In Allied Nippon, a permanent worker is getting average monthly salary of Rs 10,000-12,000 and on the other hand a contractual is getting only Rs 3,000-3,200. A permanent worker is getting a compulsory weekly off and He has to work for only eight hours. On the other hand a contractual worker is not getting any weekly off and he has to work for 12 hours.

Struggling for survival

Despite tall claims about positive impact of globalization, India is still considered as a nation of farmers and about 70 percent of its population still relies on agriculture for livelihood. A section of economists says repeatedly that the contribution of this sector in GDP is coming down day by day. However, Congress led UPA government pretends to be concerned about the condition of farmers and agriculture but in terms of policy the government appears to be anti farmer.

Get ready for Third Depression

A number of economists and those persons who understand the economy and policies are taking about the third depression. And the most important thing is, recent G-20 meet decisions also indicate towards this coming disaster. Recessions are common in an economy but depressions are rare. We have faced the recession of 2008-09. The coming depression will be third one after the depressions of 1873 and 1929-31.

Power comes with responsibility

The matter of severe concern is the lobbying by corporate and politicians in favour of Mahindra. He was working on the board of Union Carbide as an independent director. Some corporate leaders like Deepak Parekh, Chairman of HDFC, are batting openly for Mahindra. These leaders are saying if any independent director like Mahindra will be held responsible for the corporate negligence, then it will be very difficult for companies to find independent directors for board. Isn’t it a childish argument by these so called icons of corporate world?

Benefitting oil companies by price rise

The oil companies will get maximum benefit from recent hike in fuel prices. According to an estimate, if a consumer spends one rupee on petrol in Delhi, the oil refining and marketing companies will earn 55 paise, The Central government will earn 29 paise and remaining 16 paise will go to state government exchequer. In the case of Diesel, out of every rupee spent by the consumer in Delhi, the oil refining and marketing companies will earn 72 paise, 12 paise will go to the centre and the balance 16 paise will go to the state. This is what government has done in the name of deregulating fuel prices.

Monument of mis-management

Even after spending around Rs. 29,000 Crore and almost 49 years on Sardar Sarovar Project (SSP) of Gujrat, only 29 percent of canal network has been completed. The implementation of the project is progressing with very slow pace of 3 percent per year. A recent report of People’s Inquiry Committee captioned ‘Narmada Project: A Monument of Mis-management’ exhibits this alarming picture.

Insufficient Growth in food production

The world population is growing rapidly but the same is not true with the global food production. According to a recent report of OECD FAO, the global agriculture output is likely to grow more slowly over the next decade than in the past 10 years. But, nevertheless it remains on track with previous estimates to meet the demand, which is likely to grow by 70 percent by 2050. The rise in demand and slow growth in production would result in price rise.

Rail Budget goes to Bengal

Railway Minister Mamta Banerjee was presenting Rail Budget in Parliament but she was eyeing Writer’s Building of Kolkata. Mamta Banerjee has announced to develop 94 Adarsh stations across the country. Out of these, 28 are in Bengal. On the other hand she has announced to develop 22 stations of Bengal to multi-functional complex. Minister of Railway announced 16 Bharat Tirth trains in her Budget speech. Out of these five will start from Howrah. She has announced 10 new Duronto trains and Bengal got three of these. Bengal has got 17 of the 53 new express trains announced by Mamta in her Budget Speech.

सत्यम घोटाले के साल भर बाद

साल भर पहले देश के इतिहास के बड़े कारपोरेट घोटालों में से एक सत्यम कांड उजागर हुआ था। इसके झटके से हर कोई हिल गया था। सत्यम घोटाले जब सामने आया तो उसके कुछ दिनों बाद तो सरकारी स्तर पर तमाम तरह की बयानबाजी हुई कि उन सारी गड़बड़ियों को दूर कर लिया जाएगा जिस वजह से इतना बड़ा घोटाला संभव हो पाया। पर साल भर बाद भी वे मसले जहां के तहां उसी रूप में पड़े हुए हैं।