-The Indian Express It has only managed to kill manufacturing and employment growth In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...
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Monsoon deficient by 9% so far, uneven spread a worry -Zia Haq
-Hindustan Times India’s June-September monsoon has been deficient so far and quite uneven in its spread, with the rain-bearing system entering a phase that will largely determine whether the country can escape a drought for the first time in six years. Overall, rains have been 9% lower than normal, with sharper deficits in some areas. Rainfall during August-September, the remaining two months of the rainy season, would be poor at 84%, the...
More »A policy failure in pulses -Ashutosh Kumar Tripathi
-The Financial Express The criteria for fixing MSP of pulses should be sensitive to prevailing market prices The agricultural price policy, which aimed at providing a remunerative and stable price environment to farmers through MSPs and obligatory procurement by government agencies, has helped India overcome massive food shortages to emerge as a net exporter of food. Though the Terms of Reference (ToR) of the Agricultural Prices Commission requires that policy-induced incentive should...
More »Egg prices on a roll again -Aarati Krishnan
-The Hindu Business Line Though costs are down, prices are holding up on good demand for this protein source Egg prices in major Indian cities, which spiralled to ₹400 (per 100 eggs) in December last year, had moderated sharply in the first four months of 2015. But data from the National Egg Coordination Committee (NECC) shows that they have taken off again in the last three months — rising from ₹270-280 in April...
More »Policy with a farmer’s face -Ashok Gulati
-The Indian Express It is necessary to rescue public policy from its elitist bias, bring agriculture to its centre There is seldom any Independence Day speech where the prime minister, from the ramparts of the Red Fort, does not thank the jawans and kisans for their heroic role in securing our borders and ensuring food security. This year is unlikely to be different. Recall Lal Bahadur Shastri’s famous slogan, “Jai Jawan,...
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