His right thumb severed, Santosh Mondal didn’t know how he would Harvest his crop. So he killed himself last night. The tragedy mirrors the desperation of not only a poor Murshidabad farmer but also of a state where politics revolves around farming even if it does not make economic sense. The suicide over a digit that most take for granted becomes all the more stark against the backdrop that Santosh could have...
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Traders expect India to lift rice export ban by Amena Bakr
India should be able to lift the ban on non-basmati rice imports this year as a bumper crop is expected due to a positive outlook on monsoon rain, traders said on Tuesday. India, the world’s second largest exporter of rice after Thailand banned exports of non-basmati rice in 2008, as high prices of the grain put pressure on domestic supply. “India should come online this year as the Harvest is expected to...
More »An odd royalty calculus by Latha Jishnu
For years now, at least since India passed amendments to the Patent Act to allow product patents in 2005, patents on drugs have coloured and overwhelmed the debate on health issues in the country. Now, the issue of patents on seeds and agriculture inputs promises to become the hot new topic. An indication is the response to a news report “Battle royal over Bt cotton royalty” (May 28, Business Standard)...
More »Food inflation rises to 16.90%
India's food inflation accelerated in mid-June, maintaining pressure on the Reserve Bank of India to tighten monetary policy at a faster pace. India's food price index rose 16.90 per cent in the year to June 12, higher than the previous week's annual reading of 16.12 per cent, government data released on Thursday showed. The fuel price index remained unchanged at 13.18 percent in the year to June 12. The yield...
More »Watershed reforms...
The steady progress of the monsoons ought to refocus policy attention on India's deeply stressed water economy . There are fast rising demands on water resources generally, together with poorly governed supply systems, with the result that overall balances are precarious. What is worse, there's increasingly reckless mining of groundwater, and aquifer depletion is concentrated in many of the most populated and economically significant areas. Now, we have a highly...
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