-The Financial Express Sorai Village: Even as official data show food inflation at 5-6%, elevated levels compared with the subdued prices of most other items, farmers are barely realising remunerative prices for their produce, another reason why rural consumption demand is dismally low. Potato farmers in Uttar Pradesh, for example, are selling the vegetable at a fifth of the price a year ago, thanks to a glut caused by excess production...
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With Economy on an Upturn, India Needs to Unlock Investments to Accelerate Growth, says World Bank
-The World Bank A World Bank study shows creating productive assets can help make MGNREGS cost effective New Delhi– The Indian economy has turned the corner, says the latest India Development Update of the World Bank. Aided by a supportive external environment, in particular the sharp decline in oil and commodity prices, the Indian economy has taken strong strides towards higher growth and enhanced stability. Growth has accelerated, inflation has declined, the...
More »Prof. Abhijit Sen, former Member of Planning Commission, speaks to Latha Venkatesh & Sonia Shenoy
-MoneyControl.com The MET department has forecasted presence of El Nino for the second year in a row, only this time it is expected to be much stronger. Simultaneously the agriculture ministry has also submitted a report on unseasonal rains that impacted the Rabi crops last fiscal. Will the agri community face the curse of weather gods once again? Abhijit Sen, professor of economics at JNU, says a depressed rural income is...
More »Cash for Food--A Misplaced Idea -Dipa Sinha
-Economic and Political Weekly Direct benefi t transfers in the form of cash cannot replace the supply of food through the public distribution system. Though it is claimed otherwise, DBT does not address the problems of identifying the poor ("targeting") and DBT in place of the PDS will expose the vulnerable to additional price fluctuation. Further, if the PDS is dismantled, there will also be no need or incentive for procurement...
More »India expecting normal monsoon this year, says forecaster -Amit Bhattacharya
-The Times of India NEW DELHI: The monsoon is likely to beat the adverse impact of an El Nino and provide normal rains in the country this year, private weather forecaster Skymet said on Thursday, in the first prediction on the 2015 rainy season by an Indian agency. About a week before the India Meteorological Department releases its first long range forecast, Skymet said it expects 102% rains during the monsoon season...
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