There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
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Sowing a crisis (Editorial)
-The Hindu Business Line The Centre should pay attention to fertiliser subsidy which is overshooting estimates by unacceptably large margins The economic crisis in India’s South Asian neighbours has turned the spotlight on fiscal profligacy leading economies on the path to ruin. While this has sparked debate on our States doling out freebies and subsidies, the fact is that the Centre too has some soul-searching to do on this front. Even as...
More »India must be quick to tackle challenges of food security, land use - Himangana Gupta & Shweta Prajapati & Ruchika Singh
-Moneycontrol.com Not only population, but several other factors affect the food system, including climate risks and their impact. An IPCC report predicts up to 30 percent decline in rice yields if global temperatures continue to rise India, a country with just 2.4 percent of the world’s total land area, is the largest producer of milk and pulses, and the second largest producer of rice and wheat, as per the United Nations’ Food...
More »Why the American Argument Against India's Food Subsidies Is Deceptive at Best -Biswajit Dhar
-TheWire.in India is being targeted using a deeply flawed methodology that the WTO has prescribed for estimating subsidies arising from market price support. On July 1, a dozen US Congressmen wrote a letter to President Joe Biden, asking him to hold India to account for its decades-long violation of commitments made to the World Trade Organisation (WTO). Their contention was that India had been providing minimum support prices to its farmers in violation...
More »UN Report: Global hunger numbers rose to as many as 828 million in 2021
-Press release by FAO dated 6 July 2022 The latest State of Food Security and Nutrition report shows the world is moving backwards in efforts to eliminate hunger and malnutrition Rome/New York: The number of people affected by hunger globally rose to as many as 828 million in 2021, an increase of about 46 million since 2020 and 150 million since the outbreak of the COVID-19 pandemic (1), according to a United...
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