-Live Mint Data shows that Indian growth has moved in sync with what was happening in the rest of the world while Indian inflation has had a life of its own Mumbai: The war of words between P. Chidambaram and Yashwant Sinha on the way the Indian economy has been managed over the past decade is the sort of political grandstanding that is expected in the last stage of what has...
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Global food prices hit 10-month high in March-Dilip Kumar Jha
-The Business Standard Unfavourable weather conditions in US, Brazil; reduced supply on geopolitical tensions supported move, to ease soon Global food prices rose sharply to hit a 10-month high in March, following a 2.3 per cent rise in the prices of agricultural commodities brought on by unfavourable weather conditions in the United States and Brazil, coupled with geopolitical tensions in the Russian region. While the global commodity price rise opened an opportunity for...
More »Growth is not a victim of the UPA, it is the other way round -Maitreesh Ghatak and Parikshit Ghosh
-The Hindustan Times If the opinion polls are to be believed, the UPA is facing a rout in the coming Lok Sabha elections. One explanation, popular in the media, goes something like this: The UPA faces voter wrath because it destroyed growth. The economy has paid a price for bad governance and expensive welfare schemes. If you look at data for the last two years, this view will find some support....
More »The run of rains in Indian agriculture
-Live Mint Inefficient government relief is reason to allow access to alternatives The increased probability of an El Nino weather pattern has already begun to rustle up fears about how a bad monsoon could hurt a sluggish Indian economy. The concerns are valid even though the economy is less dependent on agriculture than before and reservoir levels this summer are quite comfortable. The lessons of previous El Nino episodes in 2002...
More »A grim harvest -Satyanarayan Iyer
-The Hindu Business Line Farmers in Maharashtra are struggling to cope with losses from last month's hailstorm. Satyanarayan Iyer, who travelled extensively through the affected areas, chronicles the region's woe. Shanta Jadhav will never forget that day. It was March 8, a Saturday. The 70-year-old and her husband were in their small hut in Balamthakli village in Ahmednagar district, Maharashtra. At 6.30 in the evening, they were startled by a loud thud,...
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