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Free power, the bane of farming in Punjab -Arvinder Walia & Jasmine Sharma

-The Hindu Business Line No crop diversification efforts will work so long as free electricity offsets the costs of pumping out groundwater Subsidies have for long been a necessary evil, a vote-bank silver bullet. But its relevance stands challenged in today’s increasingly market-oriented economic order. The recent US declaration of giving differential treatment to developing countries, with regard to farm subsidies, brings up the long standing issue of slashing subsidies that have...

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Swaminathan MSP: Solution to Agrarian Crisis and Farmers’ Distress? -Ranjit Singh Ghuman

-Economic and Political Weekly Farmers' unions and political parties have been demanding the implementation of the Swaminathan minimum support price (cost plus 50%) to address agrarian crisis and farmers' distress. But they have not raised demands for the implementation of the recommendations of the National Commission on Farmers, which have the potential to provide lasting solutions. Ranjit Singh Ghuman (ghumanrs@yahoo.co.uk) is a Nehru SAIL Chair Professor, Centre for Research in Rural and...

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Inflation is down? Really? -Rajalakshmi Nirmal

-The Hindu Business Line The numbers may look good but the consumer’s monthly budget hasn’t eased up. Here are four reasons why the common man has no respite from inflation It’s official! Inflation is down. The wholesale price inflation has been in negative territory for the last eight months. CPI, the consumer price-based inflation, has also dropped, from 8-8.5 per cent in the beginning of 2014 to sub-5 per cent now. Inflation...

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Veggies are cheaper, tomato cheapest but onions as costly -BB Nayak

-The Times of India MUMBAI: A glut of fresh produce has brought down vegetable prices all over the city. Prices of lady's finger and beans dropped to Rs 40 a kg from Rs 60 while that of cabbage dipped to Rs 20 from Rs 30 in the retail market. The biggest drop is seen in the price of tomatoes, which now sell at Rs 18 a kg, down from last week's Rs...

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Forget Inflation Targeting -Prem Shankar Jha

-The Indian Express   It has only managed to kill manufacturing and employment growth    In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...

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