-Down to Earth India faces a surplus of foodgrains. Is exporting a good option? With India's grain mountain set to implode, the government is desperate to push the exports of rice and wheat. However, a global glut and the resulting depression of prices are dimming the prospects of foodgrain exports. According to the Food Corporation of India (FCI), the nodal agency for grain trade in the country, India is sitting on 34 million...
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Some good news: Farm sector likely to grow over 5%-Surojit Gupta & Sidharth
-The Times of India NEW DELHI: Agricultural GDP is likely to grow by over 5% this year thanks to the most abundant rains in nearly two decades, a government thinktank has forecast. If the prediction turns out right, it could help tame food inflation, provide a much-needed boost to rural incomes and a knock-on effect on other sectors of the economy. The demand for two-wheelers, tractors and mobiles, in particular, could rise...
More »Food inflation: How to decode the onion price puzzle-Usha Tuteja
-The Economic Times It is ironical that food inflation surged to around 18% in August when agriculture is the primary hope in the economy. The culprit was mainly vegetables and, within that, onions. Onions are once again in the news due to steep rise in retail prices by almost 25% in a fortnight. Safal outlets in Delhi have set the price at Rs 60 per kg whereas some other retailers are charging...
More »Progress blow to Gujarat -Basant Kumar Mohanty
-The Telegraph New Delhi: An expert panel has ranked Gujarat 12th among states in development, its findings flying in the face of Narendra Modi's claims but winning endorsement from economists The Telegraph spoke to. The committee, headed by Raghuram Rajan who has since been appointed Reserve Bank governor, assessed states on the basis of 10 criteria, which included many human development indicators. Bengal came 16th. Economist and Planning Commission member Abhijit Sen, who...
More »Drought shadow on growth -Roshan Kumar
-The Telegraph Patna: Bihar's honeymoon with double digit growth appears to be headed for a rocky phase with the government today declaring 33 of the state's 38 districts as drought-hit. The agriculture and allied sectors, which contribute around one-fifth (18.91 per cent) of Bihar's gross state domestic product (GSDP), are staring at a lower growth rate for the second consecutive year. The overall growth rate of the state was a little...
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