-The Economic Times A couple of months ago, the UPA government cleared Foreign Direct Investment (FDI) in retail. It is a politically risky step. But for once, Prime Minister Manmohan Singh showed both spine and spunk biting the bullet. Since then, both Left parties and the BJP have expressed serious reservations over the decision. The general view is that it will affect the lakhs of small, indigenous kirana stores spread across...
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Are genetically modified crops finally on their way out of India?-Darryl D’Monte
-First Post Predictably, the recommendation by an experts’ panel appointed by the Supreme Court - that trials of genetically modified (GM) crops should be halted for 10 years – has stirred a hornet’s nest. Such a moratorium would include ongoing trials and the court rejected it. This follows on the heels of the Parliamentary Standing Committee on Agriculture’s 492-page report published in August which asked for the banning of GM food crops...
More »Politics aside, is Gujarat a great growth story?-Bibek Debroy
-The Economic Times A new book by Bibek Debroy on Gujarat looks at how this much-talked about state has performed in economic terms. The author argues history, luck and administrative clarity have been the determining factors. There has been a discernible pickup in Gujarat's growth performance since the 10th Plan (2002-07), the five-year Plans being natural periods for breaking up the timeline. It's tempting to argue that there is nothing exceptional in...
More »Unless we put an end to baseless fear of GM crops, we will not be able to feed our growing population-P Chengal Reddy
-The Times of India The parliamentary committee report on genetically modified (GM) organisms is an attempt to give a quiet burial to biotechnology in India. On behalf of the farmers of India, let me say that this report totally fails to reflect farmers' aspirations, and distorts the scientific significance of biotechnology - including genetic engineering - for the national economy. Instead, it echoes persistent canards by some environmental NGOs. Indian farming suffers...
More »High Vegetables Prices May Push Retail Inflation
-PTI Poor monsoon continues to put pressure on prices of staple vegetables, including Tomato and potato, and could further push up retail inflation which is hovering above the double-digit mark. Rates of key veggies are yet to show signs of coming down compared to mid-July due to supply constraint as a result of deficient rainfall across the country. According to IMD, the country has witnessed 19 per cent rain deficiency during the season...
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