India’s growth is not falling, although it is not as high as before If there is a crisis, there should be economics to deal with it; what use are economists if they are not around to help out when things get bad? And it is not enough to have economics. There was plenty of economics in 1929. As output and employment plummeted, economists said, this is good. It will take...
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Milk dairies oppose import of skimmed powder, butter oil by Manas Dasgupta
To help farmers reeling under drought conditions AHMEDABAD: Cooperative milk dairies in Gujarat have submitted a joint memorandum to Prime Minister Manmohan Singh, requesting him to take immediate steps to discourage import of skimmed milk powder and butter oil and prevent export of ingredients used for manufacturing cattle feed. Among measures they have suggested to achieve the same, are restoration of customs duty on import of milk powder to the...
More »Missed policy opportunity by Jayati Ghosh
Did we just miss a major opportunity? For short while, it seemed that the global financial crisis would focus minds on what is wrong with the current economic growth model and how we can go about changing it. Unfortunately, that moment seems to have passed, at least until the next crisis comes along (which, in current trends, will not be long, since all the major forces that led to the...
More »Kerala fights clock in ASEAN free-trade deal by Ranjit Devraj
Southern Kerala state is known for the lush expanses of cardamom, pepper, tea and rubber that grow on its misty hills, and the bountiful catches of fish on a coastline punctuated by lagoons and backwaters. But a cloud in the form of a a free trade deal with the Association of Southeast Asian Nations (ASEAN) bloc hovers over this picture of plenty. With the Indo-ASEAN Free Trade Agreement (FTA) now...
More »Free trade deals to push up cost of medicines by Savita Varma
The bilateral free trade agreements (FTAs) India is negotiating with Japan and the European Union (EU) can lead to a sharp rise in the cost of medicines, a network of civil society groups has warned. The FTAs are discussed outside the parameters of equitable international trade endorsed by the World Trade Organisation (WTO). Through them, developed countries often impose higher levels of intellectual property protection for medicines than those mandated...
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