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Officials forecast normal monsoon as El Niño looms

-Bloomberg   Actual rainfall may be five per cent more or less than the prediction The monsoon in India, which provides about 70 per cent of annual rainfall, will be normal this year amid forecasts for the emergence of an El Niño that previously caused droughts, government officials said. Rain could be 96 per cent of a 50-year average of 89 cm (35 inches) in the June-September period, said two officials with direct knowledge...

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The political economy cycle in India-Pramit Bhattacharya

-Live Mint     As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...

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Haunted by inflation

-The Hindu   Price rise is one of the key issues in this election, and the latest data on inflation spell bad news for the incumbent UPA government; the monster is rearing its head again after lying low over the last three months. Retail inflation, specifically food price inflation, has rebounded in March on the back of rising prices of vegetables and fruits. Wholesale food prices rose 9.9 per cent with rice...

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Broken link in the agricultural supply chain

-Live Mint   FDI in retail and modernization of agriculture are two faces of the same coin In the season of elections animal spirits rule. India's equity markets have been ebullient for some time now. Spurred by a robust inflow of foreign investment capital, markets have reacted favourably. A lot now depends on the ability of the next government to enact meaningful structural reforms, especially in a sector such as agriculture that requires...

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Real cure for Inflation headache: Fix rural infrastructure, process more food

-The Economic Times   Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI)....

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