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World economy to strengthen as job growth remains ‘stubborn’ –UN report

-The United Nations   The global economy is expected to strengthen over the next two years, despite a downgrade of growth prospects for some developing countries and transition economies, and "stubbornly slow" job growth, according to the United Nations World Economic Situation and Prospects 2014 mid-year update launched today in New York. "More than five years after the financial crisis, the world continues to struggle with getting the global economic engine back to...

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Why blame the farmer for price rise? -Shanu Athiparambath

-DNA   Farming is considered a patriotic enterprise, and nearly half of India's labour force is engaged in agriculture and allied activities. Almost everyone believes that in the election season, political parties should pledge to aid this patriotic endeavor to feed the nation. But, farming is a risky profession, and agricultural products form only 14% of India's total produce. After the economic reforms, the growth in agricultural GDP has averaged only 3.4%. Even...

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Growth is not a victim of the UPA, it is the other way round -Maitreesh Ghatak and Parikshit Ghosh

-The Hindustan Times If the opinion polls are to be believed, the UPA is facing a rout in the coming Lok Sabha elections. One explanation, popular in the media, goes something like this: The UPA faces voter wrath because it destroyed growth. The economy has paid a price for bad governance and expensive welfare schemes. If you look at data for the last two years, this view will find some support....

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Lok Sabha polls 2014: Why is climate change not an election issue?-Apurv Kumar Mishra

-DNA The Indian political class is completely disengaged with the environment because the issue does not get votes. And the poor, who will be the most affected by climate change, are mostly unaware about it, though it is an existential issue for our country. In William Shakespeare's play Julius Caesar, a series of bizarre events happen in Rome before Caesar's assassination, leading a soothsayer to warn him: "Beware the ides of...

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