-The Business Standard Food articles inflation dips to 8.64% compared to 9.9% in March Wholesale Price Index-based Inflation fell by 0.5 percentage points to 5.2 per cent in April from 5.7 per cent in March, providing some relief to a new government amid other deteriorating macroeconomic numbers such as retail inflation and Industrial Output. All three major components of the index - food, fuel and manufactured goods - recorded moderation in inflation on...
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Economist Thomas Piketty, professor at the Paris School of Economics interviewed by Subodh Varma
-The Times of India Is wealth trickling up instead of down? Yes, says rockstar economist Thomas Piketty whose new book proposing a wealth tax on the super rich has sparked off a firestorm. Excerpts from an exclusive interview... His book Capital in the Twenty-First Century has put the spotlight on Thomas Piketty, transforming the Paris School of Economics professor to global superstar. In these troubled times, he highlights a troubling issue:...
More »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...
More »India to expand irrigation to cut reliance on monsoon -Mayank Bhardwaj and Ratnajyoti Dutta
-Reuters The extra irrigated area would cut India's dependence on annual monsoon rains that water crops grown on nearly half of the country's farmlands New Delhi: India plans to expand its farmland under irrigation by at least a tenth in the next three years, potentially boosting grains output by an equal proportion in the world's second-biggest rice and wheat producer, a top government official told Reuters. The extra irrigated area would cut India's...
More »Threat to wetland, an election issue for fishermen and farmers
-PTI Guwahati: Ecological degradation of Deepor Beel, a freshwater lake of international importance on the outskirts of Guwahati, has turned out to be a major electoral issue for hundreds of fishermen and farmers dependent on the wetland. Spread over an area of 40.1 sq km, the lake, which is listed in the Ramsar Convention, supports livelihood of over 1,200 families living in 12 villages around it. Fishermen complain that the fish output...
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