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There was a time when the price of almost every commodity was controlled. It was during the Second World War. When India’s post-Independence growth outpaced domestic supply of goods in the 1950s, free India’s policymakers drew on the experience of the war years to introduce rationing and price-controls. For half a century after that, price and distribution controls became, on the one hand,
There was a time when the price of almost every commodity was controlled. It was during the Second World War. When India’s post-Independence growth outpaced domestic supply of goods in the 1950s, free India’s policymakers drew on the experience of the war years to introduce rationing and price-controls. For half a century after that, price and distribution controls became, on the one hand,
'China will snatch our market from us'
Atul Sobti took over as the chief executive officer and managing director at Ranbaxy Laboratories, six months ago. He wants to make Ranbaxy (now owned by Japan’s Daiichi
Has easing of price control made oil boil?
The task of pricing fuel in India would be equivalent to accomplishing the great Indian rope trick without a blemish. On one side are consumers (also the voters) and, on the other, are companies such
The task of pricing fuel in India would be equivalent to accomplishing the great Indian rope trick without a blemish. On one side are consumers (also the voters) and, on the other, are companies such
A global problem comes knocking on India’s doors
The alarm bells are ringing. Inflation is now at 7.4 per cent. This is a three-year high. The Finance Minister is right. “We have no control over inflation,” he said, “We are importi
The alarm bells are ringing. Inflation is now at 7.4 per cent. This is a three-year high. The Finance Minister is right. “We have no control over inflation,” he said, “We are importi
Govt to import oil, pulses to control prices
In an effort to control the spiralling rise in prices, the Government plans to import one million tonnes of edible oil and 15 lakh tonnes of pulses, the Union Agriculture Minister, Sharad Pawar, said
In an effort to control the spiralling rise in prices, the Government plans to import one million tonnes of edible oil and 15 lakh tonnes of pulses, the Union Agriculture Minister, Sharad Pawar, said
'Price control policies of Govts may backfire'
Few price control policies taken by governments, including India, are likely to backfire by making the international market smaller and more volatile, a think-tank of the International Food Policy Res
Few price control policies taken by governments, including India, are likely to backfire by making the international market smaller and more volatile, a think-tank of the International Food Policy Res
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