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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar

-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

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India shakes up WTO -Latha Jishnu

-Down to Earth The fracas over India's refusal to meet the deadline on trade facilitation exposes rich nations' double standards NOTHING HAS exposed the double standards at the World Trade Organisation (WTO) than the current uproar over the implementation of two agreements at the global trade policing organisation. One, termed Public Stockholding for Food Security Purposes, protects the food security concerns of millions of the poor and the livelihood of millions of...

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FAO official lauds TN model of managing irrigation tanks -T Ramakrishnan

-The Hindu Chennai: The Tamil Nadu model of providing primacy to the views of farmers in the management of irrigation tanks has been lauded by an official of the Food and Agriculture Organisation (FAO), who is heading a team to review tank projects in India. Conventionally, the tank management has been governed by the water engineering-centric approach. But, in Tamil Nadu, "the focus is on farmers, their needs. And, that's the way...

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Odisha's farmers suffer huge crop loss in floods

-The Times of India KENDRAPADA (Odisha): The recent floods damaged standing paddy crops in Rajkanika, Aul, Garadapur, Marsaghai and Mahakalapada blocks in Kendrapada district. "Floods caused extensive damage to paddy saplings. How will we repay the Bank loan?" asked Sarat Jena of Ratanapur village. The floods also severely damaged large tracts of green gram, black gram and vegetable crops in the district. Deputy director of agriculture (Kendrapada) Prafulla Chandra Mishra said paddy crops...

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NREGA spiked rural wages only 10%, rest is from MSPs: Rajan

-PTI Reserve Bank Governor Raghuram Rajan has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas. "On the NREGA (National Rural Employment Guarantee Act), there is clearly a lot of sense that this has increased rural wages tremendously. I would argue that clean, trustworthy studies say that the effect was may be 10 per cent," Rajan told an audience here last week. It...

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