-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...
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Why blame the farmer for price rise? -Shanu Athiparambath
-DNA Farming is considered a patriotic enterprise, and nearly half of India's labour force is engaged in agriculture and allied activities. Almost everyone believes that in the election season, political parties should pledge to aid this patriotic endeavor to feed the nation. But, farming is a risky profession, and agricultural products form only 14% of India's total produce. After the economic reforms, the growth in agricultural GDP has averaged only 3.4%. Even...
More »UPA-2’s costly mistake: failure to curb rising prices-Asit Ranjan Mishra
-Live Mint A key reason for the surge in anti-incumbency faced by UPA has been its failure to curb inflationary pressures New Delhi: A key reason for the surge in anti-incumbency faced by the Congress-led United Progressive Alliance (UPA) has been its failure to curb inflationary pressures for most of the regime's second tenure. While inflation based on wholesale prices averaged 6.1% during UPA-1 (2004-2009), it was a percentage point higher at 7.1%...
More »How data can address food security -Pravin Chandrasekaran
-The Hindu Business Line Given the analytical output, it will become easier for governments to take decisions Global country risks, weather uncertainty, crop failure, lack of hedging instruments, increased capital costs, lack of insurance mechanisms and logistical bottlenecks are just a few of the issues that lead to volatility in prices of agricultural commodities. This volatility, combined with a steady increase in demand for food around the world, has forced us to accept...
More »Revamping agriculture and PDS-Ashok Gulati
-Live Mint To alleviate poverty and extend true food security to its people India must bring efficiency to public expenditures In the Indian economy, where almost half of the average household's expenditures goes toward food and half the labour force is engaged in agriculture, one cannot simply wish away the centrality of agriculture just because its contribution to gross domestic product (GDP) hovers around a comparatively low 14%. India's agriculture is responsible...
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