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India faces criticism for blocking global trade deal, but is it justified? -Jayati Ghosh

-The Guardian India cannot support an agreement that ignores food security when millions of its people go to bed hungry each night There is a view on global trade negotiations that has been propagated by a spate of commentaries and news analysis over the past few months. It runs broadly as follows: the multilateral trade regime had been limping to a slow death because of the failure of the Doha development round...

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After GM trial ban, BJP, Sena MPs heading for Monsanto-funded study tour -Archis Mohan, Aman Sethi & Sanjeeb Mukherjee

-The Business Standard The Monsanto- sponsored trip for BJP and Shiv Sena MPs comes soon after a ban on field trials for 15 GM crops Three weeks after the Bharatiya Janata Party (BJP) overruled field trials for 15 genetically modified (GM) crops, a group of members of Parliament from BJP and the Shiv Sena are heading to the US on a week-long study tour sponsored by global seed giant, Monsanto. The group...

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Diesel & wages to push up food inflation -Mayank Mishra

-The Business Standard A delayed monsoon has forced farmers in Western UP to use alternative sources of irrigation, incurring 25-30% extra costs Saharanpur/Muzaffarnagar (UP): If the latest inflation reading at eight per cent, largely fuelled by near double-digit food inflation, has left us worried, get ready to pay even more for food in coming months. Though the monsoon deficit has reduced to only 17 per cent, the rise in input cost...

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Exposing the great 'poverty reduction' lie -Jason Hickel

-Al Jazeera The UN claims that its Millennium Development Campaign has reduced poverty globally, an assertion that is far from true. The received wisdom comes to us from all directions: Poverty rates are declining and extreme poverty will soon be eradicated. The World Bank, the governments of wealthy countries, and - most importantly - the United Nations Millennium Campaign all agree on this narrative. Relax, they tell us. The world is getting...

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The growth of an idea called development -Nilanjan Ghosh

-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...

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