-The Tribune Instead of leaving the farmers to face the vagaries of markets, which have pushed them globally into a debt trap, the demand for ensuring that no trading takes place below the MSP not only provides farmers with a safety net but it will also gradually become an economic design for the rest of the world to emulate. Across the globe, farmers are suffering the consequences of keeping farm-gate prices...
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First rice, now wheat: India rides on global grain trade bandwagon -Harish Damodaran
-The Indian Express The US Department of Agriculture (USDA) on Tuesday upped its forecast of Indian wheat exports for 2020-21 (July-June) to 1.8 million tonnes (mt), as against its earlier estimate of one mt. That would be the highest ever in the last six years After rice, India is set to turn a major exporter of wheat as well – thanks to surging international prices from Chinese stockpiling and ultra-low interest rate...
More »India’s external sector during the pandemic -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org The complete absence of any meaningful fiscal response from the Indian government in the face of one of the biggest economic crises ever faced, cries out for explanation. One argument has been that the central government is concerned about its external vulnerability: a large increase in public spending could generate higher imports, thereby worsening the trade deficit at a time when volatile capital flows have already made the balance of...
More »Corinne Vargha, director of the ILO’s International Labour Standards Department, interviewed by Nileena MS (CaravanMagazine.in)
-CaravanMagazine.in In May 2020, 10 central trade unions jointly wrote twice to Guy Ryder, the director general of the International Labour Organisation, drawing attention to the plight of migrant workers during the COVID-19 crisis as well as the government’s dilution and suspension of labour laws. In May, several states—including Uttar Pradesh, Madhya Pradesh and Gujarat—introduced sweeping changes in labour laws such as increasing the working hours from eight to 12. The...
More »Human development index: India performs worse than G-20 developing countries -Rajiv Shah
-Counterview.net A new book, “Sustainable Development in India: A Comparison with the G-20”, authored by Dr Keshab Chandra Mandal, has regretted that though India’s GDP has doubled over the last one decade, its human development indicators are worse than not just developed countries of the Group of 20 countries but also developing countries who its members. The G-20 – consisting of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan,...
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