-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...
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A ban on wheat exports was the country’s least damaging option -Indira Rajaraman
-Livemint.com India’s wheat export proscription was the first signal of awareness that moves on many fronts are needed for inflation control The Indian export ban on wheat in mid-May drew much negative attention. For the record, it is a ban on private sector wheat exports, and leaves open government-to-government contracts. The widespread criticism of the ban was misplaced in my opinion. Private wheat traders had responded exuberantly to the global demand for wheat...
More »India's GDP growth further slows to 4.1 per cent in fourth quarter
-The Telegraph Downward revision was expected as omicron variant and start of Russia-Ukraine war hit Q4: Economist New Delhi: Growth in the fourth quarter of 2021-22 (January-March) slowed to a crawl at 4.1 per cent, reflecting just how enfeebled the economy had become because of weakening demand and a broad-based surge in prices that sent inflation to an eight-year high at 7.79 per cent in April. The slowdown meant that the fourth quarter...
More »Lessons to learn from the current food crisis -Vikas Rawal
-Deccan Herald One must not make the mistake of thinking that high food prices are good for farmers The world has been facing a food crisis of a magnitude that has not been seen for many decades. The Food and Agriculture Organization of the United Nations (FAO) has warned that “the number of people facing acute food insecurity and requiring urgent life-saving food assistance and livelihood support continues to grow at an...
More »Why India’s heatwave holds lessons for the world -Ishan Kukreti
-Scroll.in A global wheat crisis has made the world pay attention to India’s scorching temperatures. But more needs to be done to make agriculture climate resilient. India experienced its hottest March this year since the Indian Meteorological Department started recording weather data in 1901. April was no better: the heatwave continued and 14 weather stations breached their previously registered highest temperature records. The heatwave made global headlines since it scorched the wheat crop...
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