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No movement in WTO's Bali package worries India-Nayanima Basu

-The Business Standard   Agreement 'endorsed' by members and being legally vetted but will be part of the main Doha agenda only after a tenuous process After the euphoria over an "Indian victory" at the ninth ministerial meeting of the World Trade Organization (WTO) in Bali, Indonesia, not much has moved on the agreed agenda. The 159 members of the WTO managed to adopt the 'Bali package' after last December's meeting, the global trade...

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Officials forecast normal monsoon as El Niño looms

-Bloomberg   Actual rainfall may be five per cent more or less than the prediction The monsoon in India, which provides about 70 per cent of annual rainfall, will be normal this year amid forecasts for the emergence of an El Niño that previously caused droughts, government officials said. Rain could be 96 per cent of a 50-year average of 89 cm (35 inches) in the June-September period, said two officials with direct knowledge...

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Why do farmers commit suicides?

A study by Jonathan Kennedy and Lawrence King, published in the Lancet journal Globalization and Health (2014) has found that liberalization of the agricultural sector in the early-1990s is responsible for the agrarian crisis and, therefore, farmers with certain socio-economic characteristics -- cash crops cultivators, with marginal landholdings, and debts-are particularly at risk of committing suicide. In short, the study detects that the differences in the structure of agricultural production explain...

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The political economy cycle in India-Pramit Bhattacharya

-Live Mint     As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...

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It’s not the nuclear deal -Bhaskar Dutta

-The Indian Express   The UPA has done well to bring rights-based social welfare schemes to the forefront. All opinion polls suggest that the UPA has only a few weeks left in office. After 10 years as prime minister - this gives him the third position in terms of longevity as head of government after Jawaharlal Nehru and Indira Gandhi - what is going through Manmohan Singh's mind as he contemplates retirement from...

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