-The Economic Times Blog Two apparently unrelated events — a sharp fall in factory output growth and a spike in consumer price inflation —point to deep problems underlying the economy. September industry growth fell to 3.6%, the lowest in four months. Meanwhile, the consumer price index (CPI) went up to 5% in October, higher than the consensus estimate of 4.8%, headed north for the third successive month. The rise in prices is driven...
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No food for cultivators -Devinder Sharma
-DNA When it comes to farmers, the government has precious little to offer The monsoon season is over. With 14 per cent shortfall in the amount of rains, and with nearly 39 per cent of the cropped area in the country hit by a crippling drought, I was expecting the Reserve Bank of India governor Raghuram Rajan to announce a series of monetary benefits and exemptions in credit repayments for farmers....
More »An intel unit to track food prices -Dipak K Dash
-The Times of India NEW DELHI: With the abnormal rise in prices of essential commodities such as onions, potatos, pulses, tomatoes and edible oils becoming a seasonal affair, the government is considering creation of a specialized entity that can help forecast demand and supply of such items. It will monitor the situation both in the domestic and international markets. The issue came up for discussion at the inter-ministerial committee on prices and...
More »Dismayed farmers, defunct policies -Ashok Gulati
-The Indian Express The Centre needs to wake up. Otherwise India may return to the shortages of the mid-1960s. The cumulative rain deficit in the current monsoon season stood at (-)12 per cent of the long period average (LPA) as on August 27. If the deficit continues at this level till the end of September, the IMD’s forecast would be coming true. Technically, like last year, this would also be a drought...
More »The spectre of suicide -V Sridhar
-Frontline As rural Karnataka reels under an unprecedented wave of suicides by farmers, the State administration looks on, unwilling to address the reasons that have rendered rural livelihoods fragile. DEATH stalks rural Karnataka. In the 41 days between July 1 and August 10, as many as 245 farmers committed suicide, an average of six a day; since April 1, 284 farmers have taken their lives. As a bewildered State government gropes...
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