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Harbinger of change in global trade

-The Hindu The formal signing of the Trans-Pacific Partnership (TPP) by the 12 member-countries of the mega-regional free trade agreement is a milestone for international trade and, by extension, the global economy. With worldwide trade having slowed sharply since the 2008 financial crisis and now faced with headwinds from China’s slowdown, the deal, yet to be ratified, could provide a much-needed fillip to growth. As the World Bank noted in a...

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Why the crisis in agriculture? -N Venugopal Rao

-TheHansIndia.com Agriculture is intertwined with soil, plant and human beings. In shaping the research, how much attention was paid to these three components? There is a need to reassess or evaluate the institute, whether it has retained the virtues of the pioneers who started it Improvements in farming could be traced in certain regions of the world, where agriculture has become prime occupation of life. Hence, the struggle and labours of few...

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Misguided emphasis on labour reforms -SP Singh & Amit K Giri

-The Hindu Business Line Going by the experience worldwide, it is unlikely to generate jobs in the formal sector Changes in land and labour laws are the two most important components of the second generation of economic reforms. Since early 1990, a slew of economic reforms have been initiated in almost all sectors. However, the governments in power from 1990 through 2014 did not introduce radical changes in the prevailing land and...

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Farm policy needs to change with the times -Nilabja Ghosh

-The Hindu Business Line Land should not be viewed as the only factor of productivity. And, managing food prices calls for better market intelligence The Centre’s emphasis on manufacturing, manifested in initiatives such as ‘Make in India’ and ‘Skill India’ have a downside: relative indifference to agriculture. Some of this is already visible in terms of rural distress and food price inflation. This can prove costly to the economy, reminiscent of the...

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Free, not fair -Sukumar Muralidharan

-The Hindu Business Line The mythology of free trade being a force for economic progress remains entrenched in world politics Globalisation has created a unique spectator sport, where political dignitaries periodically gather at carefully chosen venues for days of deliberation over humanity’s most consequential problems. It is a spectacle at which ‘civil society’ — as the new force in world politics is called — is granted a tent of its own, financed...

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