-Livemint.com Nobel to Deaton calls for a celebration of not just his own work but also the contributions of a number of Indian economists who have engaged with similar issues The announcement of Angus Deaton winning the Nobel Prize in economics was unexpected but not surprising. His body of work over the years has influenced many of us who have worked on issues of poverty, nutrition and food security. It is...

-The Hindu Business Line New Delhi: India has raised serious concerns over a proposed US legislation that will require agriculture imports to be mandatorily inspected and audited by the US Food and Drug Administration (USFDA). New Delhi fears that once the law is implemented — in about a year from now — it will raise costs for Indian exporters sharply, making exports unfeasible in many cases. Commerce Minister Nirmala Sitharaman is expected to...

-Livemint.com/ Bloomberg To join the global middle class, India must do much better Max Roser is at it again. The Oxford professor and master of economic data visualization has a new set of maps and charts showing how global income and inequality have changed during the last couple of centuries. The upshot is that while the world has gotten steadily richer that entire time, something very special and very good has...

-The Hindu Agricultural experts say small farmers are working under severe economic constraints — their earnings are very low and they are indebted — and hence many are compelled to leave farming. Punjab’s farming sector is in crisis and showing signs of sickness as it suffers from falling productivity and shrinking returns. Farmers are reeling under debt, and owing to low profitability, small farmers, in particular, are quitting farming. In the past...

The low rate of inflation of 3.88 percent in Consumer Food Price Index during September, 2015 actually hides the high prices at which various pulses (dal) are available in kirana / retail shops across India. In terms of Consumer Price Index (combined), monthly rate of inflation in pulses and products during September 2015 (over September last year) stood at 29.76 percent as compared to the overall monthly retail inflation of...