-Newsclick.in Agri expert Devinder Sharma says today, as in the past, commodity trading, massive speculation and unfair terms of trade are behind rising food prices. As India battles food price inflation, Devinder Sharma, a well-known trade and agriculture expert, explains why Indian policymakers should boost farm incomes to revive the economy. “If farmers, comprising 50% of the country’s population, were to receive a higher income through a guaranteed MSP, it would create...
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India’s wheat ban defies economic logic
-Livemint.com The political economy favours the government taking tough measures to protect the consumers — more numerous and more vocal than producers — even if these measures go against the grain of economic sense. India’s decision to restrict wheat export is disappointing but not a big surprise. Banning exports has been the government’s standard response to any shortage of agricultural commodities, denying farmers the benefit of global prices when these are high....
More »Revival Of Economy Should Be Topmost Priority Of World Trade Body: India
-PTI/ NDTV India told the World Trade Organization that the present situation has got a new important problem -- the increasing inflation in most of the domestic economies. New Delhi: India wants the World Trade Organisation (WTO) to play its role in containing global inflation, which is impacting most of the economies of the member countries. According to a statement by India, delivered by Ambassador and Permanent Representative to the WTO, Brajendra Navnit,...
More »How to make invisible groundwater visible -KAS Mani
-Down to Earth blog Sustainable vision is key to balancing current needs and future demands March 22 is celebrated as ‘World Water Day’ every year. The United Nations Conference on Environment and Development in 1992 gave this call. Since then, this day has been celebrated globally, adopting a new theme each year. The theme chosen for 2022 was ‘Groundwater: Making the invisible visible’. The theme appealed to governments and stakeholders to diagnose current...
More »Indian farmers benefit from a sharp increase in exports; government cuts procurement for welfare programmes - PK Krishnakumar
-Moneycontrol.com Global buyers have turned to India, the second-largest producer of wheat, after the onset of the Russia-Ukraine war. Russia and Ukraine together accounted for 30% of the global wheat supply. Indian wheat farmers are earning more this year, thanks to a sharp increase in exports after the February 24 start of the Russian invasion of neighbouring Ukraine, which has disrupted global supply chains. Prices have exceeded the government-fixed minimum support price (MSP)...
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