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Fixing the rules of the economy -Arun Maira

-The Hindu The fundamentals of the game have to change as they currently favour wealthy investors and not workers and tiny enterprises India has an incomes crisis: incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. Three solutions Economists say markets should be freed up...

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Ensure fair deal for farmers -A Amarender Reddy

-The Tribune 70% India imports almost three-fourths of its annual domestic consumption of edible oils KHARIF harvesting operations are going to begin soon. Agricultural production is likely to surpass last year’s record production by 7-8%. The higher production inevitably puts downward pressure on market prices. The problem of low harvest prices has been compounded by the steep fall in the GDP growth rate in the first quarter of 2020-21; it will reduce...

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New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade

Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....

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For the first time, farm sector set to grow even as GDP sees a contraction -Harish Damodaran

-The Indian Express The country’s GDP registered an annual decline, at minus 5.2%, last in 1979-80. But that year also recorded negative growth for agricultural GDP, at minus 12.8%. April-June may be the first time that India’s economy would contract year-on-year since the government started coming out with quarterly estimates of GDP from 1996-97. But the data for the quarter, to be released by the National Statistical Office on August 31, could...

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India’s Thar desert is turning green. That isn’t a good thing -Rishika Pardikar

-Scroll.in The trend is also linked to recent locust outbreaks, as large quantities of vegetation provide food for locust swarms. Ravindranath lives in the heart of the Thar desert in India. He and his family are agropastoralists – people who grow crops and rear livestock – in the village of Kalu in Bikaner district, Rajasthan. But the dry grasslands that people like Ravindranath have depended on for centuries for pasture are slowly being...

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