-The Business Standard Won't sow next season if Rs 15 MSP not declared and govt does not procure at market driven price, scarcity seen in 2015-16 Lasalgaon (Maharashtra): Arjun Kadam, a farmer here, has vowed not to sow the onion crop next season because of the government's frequent intervention to keep prices low, in many cases lower than the cost of production. Thousands of farmers such as Kadam have voiced concern over the...
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India faces criticism for blocking global trade deal, but is it justified? -Jayati Ghosh
-The Guardian India cannot support an agreement that ignores food security when millions of its people go to bed hungry each night There is a view on global trade negotiations that has been propagated by a spate of commentaries and news analysis over the past few months. It runs broadly as follows: the multilateral trade regime had been limping to a slow death because of the failure of the Doha development round...
More »The growth of an idea called development -Nilanjan Ghosh
-The Hindu Business Line While the limitations of the concept of economic growth are acknowledged, we need a better index than HDI Despite claims that economic development as a branch of economic science emerged only in the 1950s, there is no doubt that the notion of development existed even in classical economic thought processes, emerging from the writings of Adam Smith and David Ricardo. The recognition of development economics as a discipline...
More »Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »Farmers to pay more for animal fodder as deficient monsoon hits output of coarse grains -Jayashree Bhosale
-The Economic Times PUNE: The deficient monsoon this year is likely to hit production of coarse grains such as jowar and bajra and other minor millets like ragi and pulses the hardest. This may not have much impact on the country's food security because India has ample stocks of wheat and rice but it will add to the financial burden of farmers, who will be forced to pay more for animal...
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