-The Hindu Business Line Limited charging infrastructure, lack of interoperability services and inadequate access to affordable finance must be addressed Russia’s war on Ukraine has had a devastating impact on the global economy. It has triggered an unprecedented energy crisis as prices of commodities such as coal, natural gas and crude oil have skyrocketed. With oil above $100 a barrel, policymakers in the country are faced with two questions: How to keep...
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Binary equation -Renu Kohli
-The Telegraph Can stability be achieved by sacrificing growth? Has the macroeconomic configuration turned binary? With inflation occupying centre stage, the choice seems fast splitting between stability and growth. Can the former be secured without compromising the latter? That’s the worry with policies swinging to address price, exchange rate and external stability. This is not to say that growth has receded to secondary position. But as interest rates harden and fiscal policy...
More »Why are global wheat prices rising so much? -Jayati Ghosh and CP Chandrasekhar
-The Hindu Business Line The Ukraine war is not the sole driver of global wheat prices. Speculative activity has played a bigger role and policy inaction on that front can prove fatal The global food crisis has now grown to such proportions that everyone is talking about it (even though world leaders are doing relatively little about it). It has become an article of faith to blame the war in Ukraine for...
More »14 crops and a prayer -- why Modi govt’s latest MSP increases ride a lot on hope -Sayantan Bera
-ThePrint.in The govt Wednesday raised support prices for 14 crops by 6 per cent, on an average — the highest in four years. New Delhi: India’s latest price support policy for farmers places more emphasis on keeping consumer inflation in check than reflecting the new normal of rising cultivation costs and soaring food prices following the Ukraine war, a reading of the numbers show. The Narendra Modi government Wednesday announced minimum support prices...
More »Is the ban on wheat exports good policy? -Vikas Dhoot
-The Hindu It is ad hoc, hurts farmers’ incomes, and may not impact inflation much Over the last month, the government has banned the export of wheat and imposed quantitative restrictions on outbound sugar shipments. The wheat export ban came within days of a push to enhance India’s wheat supplies to the rest of the world after Russia’s invasion of Ukraine. This is a time of persistently high inflation, spurred by rising...
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