-The Asian Age The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy. However, in the medium and long run, the fall in oil prices has ramifications that are far from positive for this country. The windfall gains that have accrued will provide temporary relief for finance minister Arun Jaitley and will enable him to meet the fiscal deficit target in the...
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Slowdown in China, cotton glut may deal Indian farmers a hard knock -Zia Haq and Gaurav Choudhury
-The Hindustan Times India is likely to face a cotton glut this year. The surplus, however, will be of little comfort to suicide-prone and highly indebted farmers, who stare at a sharp drop in earnings - prices are already down 14% compared with last year. The crisis has to do with a slowdown in China, which is forecast to slash by half the amount of cotton it will import this year, most...
More »Decoding the oil price fall -Raghuvir Srinivasan
-The Hindu Year 2015 will be crucial as shale oil firms begin to feel the pinch of low prices Are falling oil prices good or bad for the global economy? And how do they work for India? Till recently these questions were no-brainers. Cheaper oil is obviously good for the global economy; for an energy-intensive economy such as India's, which also depends on imported oil for meeting four-fifths of its needs, a...
More »Good scheme in bad health -Kundan Pandey
-Down to Earth The primary health centre (PHC) at Ajara block in Maharashtra's Kolhapur district would handle just eight childbirth cases a year till 2011. Today, it handles over 125 such cases in a year. The health centre became efficient because of a Central government scheme that empowers communities to monitor public health services. In 2010, the residents participated in a jan sunwai (public hearing) session, in which they told senior...
More »City must be equitable, not smart -Medha Patkar
-The Indian Express Just a few years ago, the World Bank in its World Development Report claimed that migration from rural India to urban centres is "natural" and the same should not be interrupted or prevented through schemes like the MGNREGA. This was a shocking statement to all those who know why there is huge and ever-growing migration to cities, not only of the labour class but also of farmers and small...
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