-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...

-The Hindu With the U.S. showing a preference for plurilateral agreements over WTO multilateralism, developing nations must defend the global trading system against transnational corporations The 10th Ministerial Conference of the World Trade Organisation (WTO), which also marked the completion of two decades of functioning of the most recent of the multilateral institutions, ended with an agreement among trade ministers of the member countries that may have pushed the organisation to the...

-The Financial Express The perennial gap between allocation of grain meant for the public distribution system by the Food Corporation of India, the principal procurement agency, and the lifting of such grains The perennial gap between allocation of grain meant for the public distribution system by the Food Corporation of India, the principal procurement agency, and the lifting of such grains by the states has narrowed considerably in recent months, reports Sandip...

-The Hindu Business Line Rice millers are making a killing due to policy gaps and old rates, says report The government is losing thousands of crores while rice mill owners are raking in the moolah, said the Comptroller and Auditor General (CAG) in its report tabled in Parliament on Tuesday. The report said mill owners are cashing in on lacunae in the government’s policy on the sale of paddy and rice by-products —...

-The Hindu In a bid to keep pulses price under check, that went sky-rocketing during past few months, the Centre has now decided to create buffer stock of pulses. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its approval for creation of buffer stock of pulses. The buffer stock will be created in current year itself. In its meeting held here, the CCEA has approved procurement of about 50,000 ton pulses...