-The Statesman It's the same story every year. Heavy rains, huge volume of water spilling over the water channels and mismanagement of rivers in spate, leading to heavy floods inundating large parts of India. This year too the story is no different. Even as this article goes to print, Assam, West Bengal, Manipur, Odisha, Gujarat and Rajasthan almost a third of India is either facing floods or coping with a trail...
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Rethinking farmers’ welfare -Himanshu
-Livemint.com Farmers’ welfare is a multi-dimensional issue, with the farm ministry playing a small but significant role Prime Minister Narendra Modi’s announcement to rename the ministry of agriculture to ministry of agriculture and farmers’ welfare may be symbolic, but is at the least a recognition of the stress in rural economy. The stress, particularly in the farming sector, is now all too obvious with the increase in suicides being reported in many...
More »Forget Inflation Targeting -Prem Shankar Jha
-The Indian Express It has only managed to kill manufacturing and employment growth In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...
More »India's Handloom Challenge Anatomy of a Crisis -Ashoke Chatterjee
-Economic and Political Weekly The Indian weaver is dismissed in high places as an embarrassing anachronism, despite demand for his or her skills and products. In the new millennium, globalisation and a mindless acquiescence to imported notions of a good life threaten to take over, even as the West looks East for better concepts of sustainable living. Analysing today's crisis in the handloom sector, plagued by low-cost imitations from power looms,...
More »Monsoons and markets -Ashok Gulati
-The Indian Express These are the root causes of agricultural distress. Farmers need better irrigation and access to markets. Speaking at the foundation day celebrations of the National Bank for Agriculture and Rural Development (Nabard) on July 12, Union Finance Minister Arun Jaitley said that there were reasons to smile on the economic front as India remains a bright spot, despite the global slowdown. He talked about the 7-8 per cent...
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