-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...
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Fact-checking Modi government’s claims of record infrastructure growth in the past eight years -Divyani Dubey
-Scroll.in BJP leaders are promoting the regime’s achievements in developing airports, air routes and national highways. Here’s what official records say. The Narendra Modi-led National Democratic Alliance government completed eight years in power in May. Using the hashtag #8YearsOfInfraGati, the incumbent government, BJP leaders and several ministers, including Prime Minister Modi, made a series of claims on social media and in newspaper advertisements related to the growth of urban transport. In one such...
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...
More »In India, What Explains Distribution Margins and Drug Prices Being Linked? -Murali Neelakantan and Ashish Kulkarni
-TheWire.in A Tata Nano pays the same toll to go from Mumbai and Pune on the expressway as does a Rolls Royce. Why should pharmaceutical products be any different? On May 26, amid news reports about yet another closed-door meeting that the National Pharmaceutical Pricing Authority (NPPA) had had with unspecified stakeholders, we were reminded of an interesting press release that the Ministry of Chemicals and Fertilisers had issued in July 2021. The...
More »Neo-Liberalism and Anti-Inflationary Policy -Prabhat Patnaik
-NetworkIdeas.org Central banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is CERTain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central banks, claims...
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