-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...
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How to check the pulse of rising food prices -Sanjoy Narayan
-Hindustan Times Nearly half of what the average Indian earns she spends on food. And when food prices rise, the average Indian’s budget feels the strain. In November, the consumer food price index, which tracks food prices at retail sales points, was up 6.07% as compared to 5.25% in October. Even data relating to the Wholesale Price Index (WPI), which tracks prices of commodities when they are traded in bulk, show...
More »Rich bloc wants poor nations to cut farm dole -Subodh Varma
-The Times of India After a bruising battle between the rich countries and blocs of not-so-rich ones, the Nairobi World Trade Organisation (WTO) meeting of 160 nations failed to reach an agreement on an issue that directly affects 250 million farmers and farm workers in India. One of the bitterest fights, continuing from previous rounds, saw India lead a group of nearly 50 developing countries to stave off attempts by richer...
More »To subsidise or not: All you need to know about food security -B Sundaresan
-Hindustan Times Commerce minister Nirmala Sitharaman has said that the WTO will have to give a permanent solution to India’s food security issue. HT explains. * What has WTO got to do with food security? The World Trade Organisation was established in 1995 to facilitate trade among members, who now number at 161. The WTO facilitates trade through rounds of negotiations — there have been nine rounds till now, the latest being the...
More »Grin and bear it: India’s ‘pulse problem' does not have an immediate solution -Dinesh Unnikrishnan
-FirstPost.com Ram Naresh, who runs a small tea-snacks shop in Navi Mumbai isn’t really keen to discuss politics. “After all, what difference does it make to me? No matter who rules, prices keep going up,” Naresh says. Naresh, hails from a rural village in Uttar Pradesh, is clearly upset with the way prices of Dal and Onion has gone up of late. He gets to save a little from his daily earnings...
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