-Down to Earth International prices of basmati have been declining over the last two years With prices of grains and cereals plummeting worldwide, basmati rice exporters have urged the Union commerce ministry to include packaged basmati rice in the Merchandise Export from India Scheme (MEIS). MEIS allows exporters of certain goods access to “Free on Board (FOB)” value, which means the shipping charges are borne by the importer instead of the exporter....
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Agriculture has high hopes from this Budget
-Business Standard Govt should revamp agricultural marketing to increase farmers' earnings and amend land-leasing laws Finance Minister Arun Jaitley has met farm sector representatives for pre-Budget consultations at a time Indian agriculture is passing through a bad patch - especially because of two years of consecutive drought. Predictably, therefore, most participants pitched for more credit on soft terms, higher minimum support prices (MSP) for crops and the expansion of irrigation facilities to...
More »Destruction of the Doha Round
-Economic and Political Weekly India plays a poor hand at the World Trade Organization's negotiations. The idea that there is no longer a sharp divide between the global North and the global South has been disproved in ample measure by the decisions taken last month in Nairobi at the 10th ministerial conference of the World Trade Organization (WTO). The essence of the final communique is that the 14-year-old Doha “Development” Agenda (DDA)...
More »Is the economy sick? -Salman Anees Soz
-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...
More »MS Swaminathan, father of India's green revolution, speaks to Srijana Mitra Das
-The Times of India/ The Economic Times Renowned geneticist and administrator M S Swaminathan is popularly known as the 'father of India's green revolution'. Speaking with Srijana Mitra Das, Swaminathan discussed why he fears the WTO Nairobi meet could exacerbate global food insecurity, double standards over farming protection between developed and developing nations, an Indian Single Market in grains - and how India, already suffering 'hidden' famine, must have freedom to...
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