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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...

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Policy with a farmer’s face -Ashok Gulati

-The Indian Express It is necessary to rescue public policy from its elitist bias, bring agriculture to its centre There is seldom any Independence Day speech where the prime minister, from the ramparts of the Red Fort, does not thank the jawans and kisans for their heroic role in securing our borders and ensuring food security. This year is unlikely to be different. Recall Lal Bahadur Shastri’s famous slogan, “Jai Jawan,...

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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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4 Signs That Indian Agriculture Is Headed In The Right Direction -Sanjeev Chopra

-HuffingtonPost Blog   Almost all discussions on agriculture begin and end with concerns about the plight of the farmer, the margins of the intermediary, and the ineffectiveness of government policy to address the real issues of those engaged in agriculture. It is easy to blame the government, whether it's the dispensation at the state, Centre or both. Moreover, both are also perfectly capable of blaming each other, even if they are on...

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UN: Foodgrain prices will see steady decline in next 10yrs -Vishwa Mohan

-The Times of India NEW DELHI: A UN report has projected steady decline in prices of foodgrains over the next decade, attributing the gradual price fall to increase in overall agricultural production and diversification of dietary choices towards meat and dairy products. The report, released last week, however, emphasized that prices of foodgrains would not fall below early 2000-levels "despite the advantageous scenario regarding global food pricing". It noted that additional agricultural...

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