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Govt’s Bizarre Plans of Dealing With Looming Food Grain Crisis -Subodh Varma

-Newsclick.in Privatisation of grain procurement and cap on procurement subsidies are among the ideas being floated. Amid a slew of worrying news on the food grain front, the Narendra Modi-led government not only appears to be strangely cool, but it is also throwing up bizarre proposals to change the whole procurement-distribution system. This could be the famous ‘using a crisis as an opportunity’ mode of thinking that has led to catastrophic effects...

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What’s ‘stopping’ India Inc from investing in India? -Vivek Kaul

-Newslaundry.com The finance minister asked a valid question. Here’s the answer. Last Tuesday, finance minister Nirmala Sitharaman asked India’s corporate honchos why they were not investing in the Indian economy. “I want to hear from India Inc,” she said, “what’s stopping you when countries and industries abroad think this is the place to be.” This is a valid question. In this piece, we will try and piece together why India Inc, as corporate India...

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Govt eyes stern steps to check food prices -Zia Haq

-Hindustan Times The government is considering price-control measures, such as asking traders to declare their available wheat stocks, and a crackdown on hoarding of grains, he said. India has ample wheat for federally run welfare programmes but speculative trading has pushed up cereal prices, prompting the government to consider measures, such as disclosure of stocks by private traders, a senior official said. The Union government is watching price and stock movements closely and...

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Low Incomes Haunt India’s Growth -Subodh Varma

-Newsclick.in Three transformative steps could dramatically change this dire situation – provided Modi Govt. has the will to take them. Wage growth of households has declined from 8.2% in 2012-2016 to 5.7% in 2017-2021, according to a fresh study by a ratings agency. It will actually be even lower – around 1% - if inflation is taken into account. This slowing down of wage growth has happened in both rural and urban...

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Bengaluru floods: Anatomy of a drainage system gone horribly wrong -Rasheed Kappan

-Newslaundry.com The city is woefully ill-prepared, despite thousands of crores spent and warnings that went unheeded. Last week, Bengaluru was battered by rains that were unprecedented in scale and floods that were disastrous in impact. While the rains have abated, thousands living on the periphery of the Bellandur-Varthur lakes in east Bengaluru are still gripped by fear, worried that deliberately narrowed drains, encroachment of wetlands, and state apathy could trigger another round...

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