-Mainstream Weekly Intense and motivated propaganda, powerful national and international diplomatic pressure, verging on pure and simple arms-twisting of the kind the Third World has been facing for decades by means of the active role of the econo-mic hit-men in the policy establishments, huge cash-back lobbying, both in India and abroad, blunt attempts to bamboozle the persons holding key positions in India’s policy establishment through a combination of hissing and kissing...

-The Hindu The government’s claim that it will dampen inflation, bring higher prices for farmers and lower prices for customers may be somewhat exaggerated With the intention of signalling a strong commitment to reforms, the UPA government has announced a hike in the price of diesel and liberalisation of foreign direct investment (FDI) in multi-brand retail, justifying the measures as growth-enhancing and inflation-dampening. They have been termed bold by India’s corporate sector...

-The Telegraph Patna: Farmers in Bihar have set their sights on foreign funds for a change in their fortune though economists have cast a doubt on it. Ask Nitish Kumar, a farmer of Darveshpura village in Nalanda district, who hogged the limelight a couple of months ago with record production of potatoes. Nitish had no one by his side when he was forced to go for distress sale of the same potato, which...

-The Telegraph The Supreme Court has said it wants to end judicial monitoring of social welfare schemes, saying the task should be left to experts and courts “can’t be setting economic policy”. The court had earlier taken umbrage at the government for fixing the poverty line at a measly Rs 32 per day per person in urban areas and suggested free distribution of foodgrain, causing consternation in the government which felt that...

-Frontline A recession-hit world is only just waking up to the prospect of the coming food crisis resulting in a period of political turmoil with unexpected consequences.  For the third time in five years, the world is braced for another food crisis. Bad weather conditions are leading to projections of major production shortfalls in some of the world’s leading food suppliers. Substantially reduced access and sharp price increases are, therefore, expected to...