-The Business Standard The NDA is looking to reduce fiscal deficit not by chopping social sector spending but by paring it down Finance Minister Arun Jaitley is fairly confident the government will meet this year's fiscal deficit target. At 4.1 per cent of gross domestic product the deficit looked looked like a bit of stretch in July but the food subsidy, for one, is not going to balloon as in previous years. The...
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High Rural Wages Have no Bearing on Inflation -Gayathri Nayak
-The Times of India A Reserve Bank of India paper says that the UPA flagship MGNREGA or the Mahatma Gandhi National Rural Employment Guarantee Act, under which a household is assured of 100 days of wages per year in return for working on various rural development, has not actually contributed to the rise in food inflation as generally perceived. Incidently, the Reserve Bank was among the first to point that the...
More »WTO Talks Inconclusive, Discussion to Continue
-Outlook Geneva: With India sticking to its tough stand, efforts to break the impasse in the WTO on trade facilitation agreement and food security issues today proved futile and further consultations will continue over the week. The General Council of the World Trade Organisation (WTO), which met after a gap of over two months, could not make much headway. "I will be holding a series of meetings in a range of different configurations....
More »GM Crops and Global Agri Trade -Sukhpal Singh
-Economic and Political Weekly The cultivation of geneticallymodified crops, especially food crops, is not just a domestic issue; it has an impact on global food trade as well. Sukhpal Singh (sukhpal@iimahd.ernet.in) is at the Centre for Management in Agriculture, IIM, Ahmedabad. There is no doubt that the application of biotechnology can lead to yield improvement, cost cutting and lower crop losses, besides providing more processable raw materials and designer products. That is why...
More »Climate change may hit rice yields in Asia: IPCC report -Meena Menon
-The Hindu In Indo-Gangetic plains there may be a 50 per cent fall in wheat area New Delhi: Rural poverty in parts of Asia could be exacerbated due to negative impacts from climate change on rice production, and a general increase in food prices and the cost of living, says the report of working group two of the Intergovernmental Panel on Climate Change (IPCC) Fifth Assessment Report. Launched on Thursday, the report Climate...
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