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Inflation-brace for aftershocks -Pranjul Bhandari

-Business Standard Goods producers have passed on more input cost increases than services producers Inflation is here to stay. It is currently affecting different groups of people in different ways. But as price pressures spread, everyone will be similarly impacted, leaving weaker growth and sticky prices which will outlast the commodity price shock. We answer some pressing questions. Have the global price increases fed fully into domestic food inflation? Not all the price...

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All is Not Well With India's Gig Economy -Nilanjan Banik

-TheWire.in The bargain between companies and their 'employees' must become more equitable. The continuation of the Russia-Ukraine war is raising the fear of an imminent stagflation (a combination of inflation and unemployment led by a low growth). Worldwide inflation numbers are on the rise. Most sources of data are suggesting a higher inflationary regime. In March 2022, the US, the largest economy in the world, recorded a 41-year high inflation of 8.1%....

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Can Modi Govt Handle Approaching Wheat Crisis? -Subodh Varma

-Newsclick.in Production has dipped for the first time in the Modi era and procurement has plummeted, bringing wheat stocks down and affecting foodgrain-based schemes. The Narendra Modi-led Central government is going to be confronted with a crisis that it has never faced yet – shortage of wheat, one of India’s key staples. The worry about this looming cloud is aggravated by the fact that the Modi government has not been particularly successful...

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War, Food, Decolonisation and Why India Needs to Thank its Farmers -Prabhat Patnaik

-Newsclick.in The heroic kisan agitation against the farm laws has saved the day for India by defeating Imperialist efforts to undo India’s ‘food sovereignty’. Russia and Ukraine together account for 30% of the world’s wheat exports. Many African countries, in particular, are heavily dependent on them for their food supplies, which are now getting disrupted because of the war. And this disruption will continue since the war is also affecting the acreage...

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'Betting on Hunger': Market Speculation Is Contributing to Global Food Insecurity -Kabir Agarwal, Thin Lei Win and Margot Gibbs

-TheWire.in An investigation has found that the industry and lobbyists have sabotaged efforts to rein in such behaviour.  New Delhi/London/Rome: food prices have climbed to unprecedented levels in recent months, adding to an already precarious food security situation in large parts of the developing world. Nearly 200 million people already faced acute food insecurity in 2021, almost double the figure from 2016, according to a United Nations report released Wednesday.   The report blamed the...

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