-The Hindu This year, India can, it seems, look forward to good rains. Last year's monsoon could easily have slipped into a full-scale drought but was saved by exceptionally heavy rains in September. Even so, almost one-third of the country received far too little rain and has been left parched, with water resources running low. A good monsoon now is essential for agriculture and for the replenishment of reservoirs and aquifers....
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Dairy price surge pushes world food costs for March slightly higher, UN reports
-The United Nations A sharp surge in the price of dairy products pushed the overall costs of food one percentage point higher in March, the United Nations reported today, while world wheat production remained on track to reach its second highest level ever, barring adverse weather. Releasing its latest monthly Food Price Index (FPI), the UN Food and Agriculture Organization (FAO) said the dairy component of the index, which carries a 17...
More »New papers show PMO analysed and agreed with Raja’s actions before 2G scam-Shalini Singh
-The Hindu Will Manmohan distance himself from PMO officials as he did from Raja? New evidence shows that Prime Minister Manmohan Singh, far from being “at arm’s length” from ex-Telecom Minister A. Raja’s controversial 2G decisions, had directed officials in the PMO to “examine urgently” Mr. Raja’s letters outlining his intended decisions which eventually led to the 2G scam on January 10, 2008. Investigation now reveals that senior PMO officials had supported...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
More »Weft and warp of a crisis-Vivek S & Aseem Shrivastava
-The Hindu Though more people in India are in the textile sector, than in any other of the economy, bar agriculture, hostile and indifferent government policies are giving it short shrift Handloom weavers from all over the country are on a 72-hour hunger strike at Jantar Mantar in New Delhi from today in protest against the government’s textile policy. The protest is led by Rastra Cheneta Jana Samakhya, the State Handloom Weavers’...
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