-The Guardian NGO EarthRights files complaint against IFC on behalf of those affected, over $450m loan for plant that ‘destroyed livelihoods’; IFC claims immunity In the first case of its kind against the private investment arm of the World Bank, fishermen and farmers from north-western India are suing the International Finance Corporation (IFC) in a US federal court over a $450m loan for a coal-fired power plant. The communities say the IFC...
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India shining, Bharat whining -Ashok Gulati and Prerna Terway
-Financial Express The country must double its support to farmers, from the current levels of about 6-8% of the value of agri-output It was in the mid-1980s that the ‘India-Bharat’ phraseology was fist pushed into political jargon, by farmers’ leader Sharad Joshi, with ‘India’ representing the urban elite of the country and ‘Bharat’ synonymous with its neglected rural folk. Joshi, at the time, was leading lakhs of farmers protesting against anti-farmer policies,...
More »Modi hits out at ‘poverty alleviation industry’ -Puja Mehra
-The Hindu He stressed that his government seeks to roll out inclusive reforms that will lead to better lives for people and not just better headlines in pink newspapers. Prime Minister Narendra Modi on Friday said that India’s performance on all economic parameters, including inflation and foreign investments, is now better than when his government joined office 17 months back. Speaking at the Delhi Economics Conclave 2015, Mr. Modi stressed that...
More »They don’t go to the field -Harish Damodaran
-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...
More »Angus Deaton and the great Indian poverty debate -Himanshu
-Livemint.com Nobel to Deaton calls for a celebration of not just his own work but also the contributions of a number of Indian economists who have engaged with similar issues The announcement of Angus Deaton winning the Nobel Prize in economics was unexpected but not surprising. His body of work over the years has influenced many of us who have worked on issues of poverty, nutrition and food security. It is...
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