-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on economic growth. Both macroeconomic and sectoral analysts have turned cautious and some...

-The Hindu Overall, industry bodies are positive about the ongoing contraction in inflation, but there is some wariness regarding deflation. Wholesale price inflation contracted for the tenth consecutive month, coming in at -4.95 per cent in August compared to -4.05 per cent in July. This follows Chief Economic Adviser Arvind Subramanian’s comments cautioning that India’s economy could be nearing deflationary territory. The data also comes two weeks before the Reserve Bank of...

-Livemint.com The World Food Price Index in August fell to its lowest level since May 2009 Indian farmers are not going to like this. The World Food Price Index, compiled by the United Nations’ Food and Agriculture Organization, in August fell 5.2% to 155.7 points from the previous month. That’s the lowest level since May 2009. The fall comes in the backdrop of an all-round decline in commodity prices. The cereal price index...

-TheWire.in Sometimes, the more newspapers write on a subject, the more obscure it becomes, especially if it comes dressed in apocalyptic fervour. On August 26, most media reports on the just released Census 2011 data on ‘population by religious community’ could easily have been mistaken for a present-day stock market update: Hindus slide from 80.5 % to 79.8 %; Muslims climb from 13.4 % to 14.2 %, showing the highest surge...

-Business Standard Indian farming is labour intensive as mechanization is expensive. This model might change it while keeping the cost very low. The single biggest challenge in farming is debt. A large share of farmers’ insurmountable debt burden comes from purchase of farm equipment. Mechanized farming results in higher productivity but is notoriously capital intensive. A 40 HP tractor with 2 basic implements (a rotavator and a cultivator) and a trolley costs...