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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 political economy cycle in India-Pramit Bhattacharya

-Live Mint     As a democracy matures, citizens become more willing to trust elected representatives to plan and take steps for the long-term growth and development One common complaint during this election has been that the election commission (EC) has to be consulted before the government and its regulatory agencies take any routine decision. Decisions relating to gas price hikes and bank licences all had to be cleared by the EC, whose over...

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Agriculture turning into nightmare for small farmers-Nagesh Kini

-MoneyLife.in India, the world's second largest food producer, is witnessing growing distress and declining confidence in agriculture as most small and landless farmers, with less of a stake, are found to quit farming The recent unseasonal heavy rains, thunder and hailstorms originating from unusually intense western disturbances from the Mediterranean interacting with the south-easterly winds from the Bay of Bengal have ravaged the due-for-harvesting chana, lentils and wheat in Madhya Pradesh,...

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Unkept promise -TK Rajalakshmi

-Frontline The tussle within some Central government Ministries over proposed cuts in the budget for rural development schemes has affected a promise made to senior citizens. THEIR wizened faces said it all. Though there was disappointment, there was also a glimmer of hope that their trek to the national capital would not go in vain. For almost a month, senior citizens, most of them poor, had been pouring into New Delhi from...

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Counting our chickens -Neelkanth

-The Indian Express Agricultural GDP is underestimated due to inaccurate non-cereal data. It started with a mundane question: what is the chicken population in India? There are glaring inconsistencies in the available data. The National Sample Survey Organisation's (NSSO's) surveys show a 20 per cent annual growth of chicken consumption between 2005 and 2010. But according to the Food and Agriculture Organisation (FAO), the production of chicken meat only rose 10 per...

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