India should look at Latin American countries to keep its food security intact. With little or no investment in the agriculture sector,it is estimated that 45% of Indian farmers want to quit farming—supply-side constraints have been a major causeforconcern. Add to that rapidly falling water tables in North India – India’s bread basket, and erratic monsoons from climate change leading to domestic food output falling short of demand, repeatedlyinthefuture. Talking...
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Wheat prices drop on extra allocation on PDS
Wheat prices started showing a downward movement today after an Empowered Group of Ministers (EGoM) headed by FM Pranab Mukherjee okayed the release of an additional 30 lakh tonnes of wheat and rice for the poor, over and above the current PDS allocation, for the next six months. The most-active wheat contract was reportedly trading around 0.60% lower at Rs 1,158.40/qtl on the back of fresh selling in anticipation of...
More »Workplace rights for maids by Cithara Paul
Domestic helps, the faceless engine without which daily life will grind to a halt in India, are finally set to get the right to a weekly off and other benefits most citizens take for granted. The Centre is coming up with a policy that stipulates the compulsory weekly off for domestic helps and a few more benefits. Some homes do already extend a few of these benefits but countless others do...
More »Monsoon to dispel clouds over sugar, grain
A good monsoon forecast strengthens prospects for India to cut sugar imports, free up grain exports and buy more gold as rains boost supplies in the world’s leading consumer of most farm commodities. Annual monsoon rains from June to September are key to firing up growth and farm output and limiting inflation in India, which ranks among the world’s top producers and consumers of sugar, wheat, rice and edible oils and...
More »Mortal Melting Pots by Debarshi Dasgupta
Around two decades ago, Lawrence Summers, then World Bank chief economist, outraged many when he argued in an internal memo that the economic logic behind dumping toxic waste in low-wage countries was “impeccable”. His rationale: less developed countries are “under-polluted” and that “foregone earnings from increased morbidity and mortality” would be lesser in countries with lower wages. Cut to now and the thing to ask is: does India too believe...
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