-The Business Standard The challenge to anti-inflation policy lies in better institutions and better evidence-based policy Our failure to rein in inflation has been costly. Economically, it has hurt growth. Poor and urban middle-class households have been affected the most. A combination of slowing growth and high inflation has weakened our macro-fundamentals: households fled financial savings, domestic and foreign investors lost confidence, and the rupee plunged. Politically, it has been a disaster. For...
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Contentions on the Bali Ministerial Decision -Vijoo Krishnan
-Vikalp The recently concluded Bali Ministerial marks an important milestone in the WTO negotiations. The National Food Security Act, 2013 in India has brought the issue of food security and hunger within developing countries to the forefront of the negotiations in the WTO. In this context, the G-33 proposal addressing the issue of non-recognition of food security concerns of developing countries within the global trade rules reflected a meaningful unity within...
More »Cereal offenders -Ila Patnaik
-The Indian Express Food inflation owes largely to agricultural markets being regulated by outdated laws. The RBI governor, Raghuram Rajan, has a difficult task this week. He has to decide whether to keep interest rates constant or raise them - bearing in mind the possible taper of the US Fed's bond buying programme, a decline in industrial production and a rise in inflation. The sharp increase in consumer price-based inflation, to more...
More »BJP red flags 'peace clause' ahead of WTO's Bali meeting -Ravish Tewari
-The Indian Express Barely days ahead of WTO's ministerial meeting at Bali next week, the BJP on Wednesday red flagged government's likely move to agree to a 'peace clause' to shield food guarantee law from the restrictions under the WTO at least for a period of four years. "The peace clause in its current form is not in our interest," Leader of Opposition in Rajya Sabha Arun Jaitley said on Wednesday....
More »Govt may tomorrow raise wheat MSP by Rs 100 per quintal
-PTI NEW DELHI: The government may tomorrow raise the minimum support price (MSP) for wheat by Rs 100 to Rs 1,450 per quintal to encourage farmers to cover more area under the crop in the ongoing rabi season, sources said. Wheat MSP is the rate at which government buys the grain from farmers. It is critical as it helps farmers decide the choice of crop. "The Cabinet Committee on Economic Affairs (CCEA) is...
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