Planning Commission, RBI officials hold brainstorming deliberations with experts With the persistent near double-digit headline inflation, despite sustained increases in key policy rates by the Reserve Bank of India, turning out to be “a frustrating experience for policymakers,” senior officials from the Planning Commission, the Finance Ministry and the RBI met with a group of academic economic experts and representatives of the International Monetary Fund (IMF), the World Bank and the...

The famine in the Horn of Africa is being seen as an inevitable consequence of drought, "the worst for 60 years". But this famine was almost entirely preventable, and presenting it as a natural disaster doesn't help; nor does our insistence on waiting for a major crisis before responding. Even though lessons about how to prevent famines have been documented time and time again, we don't learn. The conflict in Somalia...

-The Hindu Business Line   The uncertainty over adopting agricultural biotechnology is in no one's interest, given the high food inflation and dependence on imports. With food inflation climbing once again above 10 per cent, it has become even more urgent for the government to provide a a clear mandate in terms of policy support, the technology options and requisite investment for domestic agriculture. Output growth, especially of proteins, has been decisively trailing...

Degraded soils, depleting groundwater, and chemical pesticides are playing havoc, placing agriculture in terrible distress. I haven’t forgotten that night. Sitting with a group of farmers in a village in Ludhiana district in Punjab, at the height of the Green Revolution, a farmer showed me a bag of fertiliser that he brought from the market. “Why are you showing me this bag”, I asked. “Wait”, he said, and began to open the...

-The Telegraph   The Centre tonight banned onion exports to check rising retail prices, re-imposing the curbs only six months after it lifted them following a dip. At the same time, it lifted four-year restrictions on overseas sale of wheat and non-basmati rice to ease storage problems following record production last season. “Onion exports have been banned with immediate effect. The ban will be reviewed on a fortnightly basis,” food minister K.V. Thomas said...