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Climate change needs to be addressed or else be ready to pay the price

A recent report by Christian Aid -- an international NGO based out of London -- says that the world was not just hit by the COVID-19 pandemic in 2020, it actually faced massive loss of lives and livelihoods owing to the intensification of the ongoing climate crisis. Climate-related disasters varied from fires in Australia and the United States, floods in China, India and Japan to storms in Europe and the...

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Hit By Indebtedness and Suicides, Punjab Farmers Worry New Laws Will Make Things Worse -Pawanjot Kaur

-TheWire.in Researchers have found that small and marginal farmers and Dalit landless labourers are worst affected by the region's agrarian distress. Sangrur/Patiala (Punjab): In the villages of Punjab, strike a conversation on farming  expenses with anyone, and they will say, “Karja tan hai hi (Of course, we have taken loans).” It’s these loans – from both institutional and non-institutional sources – that largely help the rural economy run in the state. But...

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The anatomy of a stock market bubble staring India in the face -Vivek Kaul

-Livemint.com Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices On 18 December, the price to earnings (PE) ratio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE ratio of 20.26 since 1 January 1999. The PE ratios of the Nifty 50 and other broader indices continue to remain at extremely high levels....

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The country should worry about further worsening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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Research shows intermediaries’ role is misunderstood. Local market realities more at play -Shoumitro Chatterjee, Mekhala Krishnamurthy, Devesh Kapur and Marshall M Bouton

-ThePrint.in Researchers associated with Pennsylvania University’s India study centre looked at agricultural markets of Bihar, Odisha and Punjab. They found that intermediaries are a rational response to the dominant structure of Indian farming. Most Indian farmers have tiny farms that yield meagre incomes. They face a multiplicity of risks, which jeopardises even these low incomes. These twin pressures are particularly acute in eastern India, manifest in the two states that were the...

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