One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...
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Carbon dioxide emissions in 2020 above decadal average
-The Hindu Pandemic disruption didn’t significantly dent overall greenhouse gas emissions A report from the World Meteorological Organisation (WMO) on Monday said the increase in CO2 from 2019 to 2020 was slightly lower than that observed from 2018 to 2019 but higher than the average annual Growth Rate over the last decade. This is despite the approximately 5.6% drop in fossil fuel CO2 emissions in 2020 due to restrictions related to the...
More »Government programmes to increase yield, better seeds will aid production of pulses -S Geetha
-Down to Earth The demand for pulses by 2030 will be 32.64 million tonnes There is no verified report that the country’s farmers are ceasing pulse cultivation. The production of pulses has increased through the years, from 8-15 million tonnes till 2006-07 to 16 million tonnes in 2015-16, 23.13 million tonnes in 2016-17, 25.23 million tonnes in 2017-18 and eventually, 25.58 million tonnes in 2020-21, due to the concerted efforts of research...
More »Total Rerun of Neo-Liberal Policies Won’t Work in a Post-Pandemic World -Prabhat Patnaik
-Newsclick.in The Biden administration is realising this. The need of the hour, therefore, is to build a post-pandemic growth strategy centred on an increase in public investment and public spending. The period of neo-liberalism witnesses an increase in the share of economic surplus in total output both in individual countries and also for the world as a whole. This is because the “opening” up of the economy to freer trade in goods...
More »Why the sugarcane-crushing season is set to start on a bitter note -Radheshyam Jadhav
-The Hindu Business Line Surplus stocks, high cost of production among worries Sugar mills in India gear up to start the new crushing season this month with a concern. Sugar production has grown at an annual Growth Rate of 5.6 per cent over the past two decades, while consumption has grown at 2.4 per cent per annum. In the last five years, consumption of sugar has remained relatively static at about 25...
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