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Social damages might have more lasting impact on economy than wrong policies: Economist Kaushik Basu

-PTI India is a society that is poor, but is respected for its scientific temper and research, and "we should not backtrack on that," the former World Bank chief economist said. Mumbai: Amid a debate over incidents of lynching, noted economist Kaushik Basu has warned that social damages could have a long-lasting impact on the economy than some wrong policy moves, “such as demonetisation”. Delivering the 23rd Lalit Doshi memorial lecture here...

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RBI surveys a wake-up call for the Narendra Modi government -Manas Chakravarty

-Livemint.com The RBI survey for June 2017 shows people are as unhappy with their income growth, employment and economic well-being as they were before the Narendra Modi government came to power Perceptions matter. The government of the day will be able to garner more support if people feel their incomes are increasing or their employment prospects have improved. True, non-economic factors matter a lot and, throughout history, the ability to stage circuses...

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Narmada dam: 40,000 families wait to be resettled

-The Times of India Mumbai: Twelve people, including 62-year-old Medha Patkar of Narmada Bachao Andolan, have been sitting on fast at Nimar in Madhya Pradesh's Barwani district for eight days now, seeking proper rehabilitation of the nearly 40,000 families whose homes and lands will be submerged once the water in the Sardar Sarovar Dam is allowed to rise to its full height of 138.68 metres. The gates of the dam were shut...

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Onion prices soar on supply squeeze -Vishwanath Kulkarni & Rahul Wadke

-The Hindu Business Line Scale Rs. 2,300/quintal; reports of traders hoarding the bulbs Bengaluru/ Mumbai: Onion prices at Lasalgaon, the country’s largest wholesale market for the vegetable, surged on Thursday to touch a high of Rs. 2,300 per quintal on tight supplies. The modal prices have almost doubled over the past two days and more than quadrupled since early July, when prices hovered around Rs. 500. Prices across the country are expected to...

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Bengal's rice revivalists -Indrajit Sen

-Mumbai Mirror A behind the scenes look at what’s driving the region’s return to traditional paddy techniques. It’s certainly not the global shift towards organic cultivation. A recent study conducted by Harvard University has established that consuming just one cup of white rice (polished rice) a day can put you at risk of diabetes, regardless of your nationality or whether you have a family history of the disease. Bhairav Saini lives in...

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