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Climate change may increase cost of cereal and household basics -Heather Saul

-The Independent   The impact of climate change could increase the price of breakfast cereal and other household foods, a report by Oxfam has claimed, which found Kellogg and Nestle are among the world's 'Big 10' food and drink companies who emit more greenhouses gases than Nordic countries combined. In their report, Oxfam called on the major food and drink companies to do more to tackle climate change after it found that...

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El Nino likely to cause loss of Rs 1,80,000 crore this year: ASSOCHAM -Soma Basu

-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...

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The rains may just sail the next government’s boat -Sanjoy Narayan

-The Hindustan Times   Once the remaining two phases of India's seemingly never-ending elections are done and dusted and the results are declared, for whoever it might be that wins and gets to form the government, the first thing on the agenda should be to get down on their knees and pray to the rain gods and wish that the monsoon doesn't disappoint this year - that it comes on time and...

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Agriculture, a new story-Deepender Singh Hooda

-The Indian Express   Contrary to the popular narrative, the second green revolution is underway. A dramatic turnaround of agriculture, India's most important sector, has gone largely unheralded. Contrary to the popular narrative, agriculture has been transformed in the last 10 years. The second green revolution is underway. At the end of the second tenure of the UPA and after a decade of persistent work, we are witnessing record agricultural outputs for every...

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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...

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