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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar

-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

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NREGA spiked rural wages only 10%, rest is from MSPs: Rajan

-PTI Reserve Bank Governor Raghuram Rajan has dismissed the notion that the rural employment guarantee programme is behind the massive spurt in wages in rural areas. "On the NREGA (National Rural Employment Guarantee Act), there is clearly a lot of sense that this has increased rural wages tremendously. I would argue that clean, trustworthy studies say that the effect was may be 10 per cent," Rajan told an audience here last week. It...

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Tilt the power balance in favour of the poor -Ashwini Kulkarni

-The Hindustan Times Pragati Abhiyan and a member of the National Consortium of CSOs working on MGNREGA India is a vast country and every year either the quantity or the distribution of rainfall is deviant in one part or the other. Moreover, Indian farming is still predominantly rain-fed. In such a scenario, the MGNREGA can do two very important jobs: Drought relief and drought mitigation. Recently, the NDA discussed the MGNREGA in Parliament....

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Betting the farm on populism-Ajay Vir Jakhar

-The Business Standard The Budget missed the chance to articulate its intentions to the farming community; the prime minister's Independence Day speech provides another invaluable opportunity Young Indians starting their careers in an environment devoid of hope and opportunity and surviving on dole will be inclined to populist politics. But the farming community expects much more substance from the government, and the Budget was a good example of how populism trumped...

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Support price for jowar, ragi soon

-The Business Standard The government had announced Rs 2,000 per quintal, which the farmers were unhappy with Dharwad: The State Agriculture Price Commission will shortly recommend the revised support price for jowar and ragi crops, said commission chairman Prakash Kammaradi. Speaking to reporters on the sidelines of a workshop on the production of jowar, organised in connection with the government's plans to incorporate jowar and ragi into the Anna Bhagya scheme here on...

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