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Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar

-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...

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Betting the farm on populism-Ajay Vir Jakhar

-The Business Standard The Budget missed the chance to articulate its intentions to the farming community; the prime minister's Independence Day speech provides another invaluable opportunity Young Indians starting their careers in an environment devoid of hope and opportunity and surviving on dole will be inclined to populist Politics. But the farming community expects much more substance from the government, and the Budget was a good example of how populism trumped...

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Is the Forest Rights Act being implemented well? -M Rajshekhar

-The Economic Times Last month, union tribal Minister Jual Oram told the Lok Sabha that India is making "satisfactory progress" implementing the " Forest Rights Act" (FRA). However, a closer look at the numbers he submitted in the house indicates otherwise. The FRA is one of the three rights-based legislations passed by UPA1 -- along with the National Rural Employment Guarentee Act (NREGA) and the Right to Information ( RTI) Act. It...

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Modi plays pro-poor card in WTO row -Radhika Ramaseshan

-The Telegraph New Delhi: Prime Minister Narendra Modi today accused the developed nations of a "disinformation campaign" to "isolate" India for refusing to toe their line at the World Trade Organisation, painting his government before a domestic political audience as a champion of the poor. Addressing a party meeting weeks before his US trip next month, Modi pitched the recent controversy at the global trade body as a battle between the haves...

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Undervalued riches of top 1% point to greater global inequality -Jeanna Smialek

-Live Mint Research shows the wealth of the super-affluent-hidden by tax shelters and non-response to questionnaires-is undercounted Washington: The 1% is literally rich beyond measure, depriving nations of billions in tax revenue and obscuring shifts in global inequality. Research conducted separately by European Central Bank (ECB) economist Philip Vermeulen and the London School of Economics' Gabriel Zucman shows the wealth of the super-affluent-hidden by tax shelters and non-response to questionnaires-is under-counted. Correcting...

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