-TheWire.in A lack of financial incentives, absent policy-making and an unorganised trucking industry have stalled progress. Last year, at COP26, India pledged to achieve net-zero greenhouse gas emissions by 2070. The transportation sector is responsible for nearly 14% of India’s total greenhouse gas emissions. It is also the fastest-growing greenhouse gas emission sector in India. Road transport, in particular, accounts for over 90% of transport emissions in the country. Therefore, to achieve the...
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India poised to grow at 6.4%, still fastest-growing major Economy: UN report
-PTI/ The Telegraph 'In the backdrop of Ukraine war, global inflation projected to increase to 6.7% in 2022 with sharp rises in food and energy prices' As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major Economy, with higher inflationary pressures and uneven recovery of the labour market curbing private...
More »Devinder Sharma, a well-known trade and agriculture expert, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Agri expert Devinder Sharma says today, as in the past, commodity trading, massive speculation and unfair terms of trade are behind rising food prices. As India battles food price inflation, Devinder Sharma, a well-known trade and agriculture expert, explains why Indian policymakers should boost farm incomes to revive the Economy. “If farmers, comprising 50% of the country’s population, were to receive a higher income through a guaranteed MSP, it would create...
More »India’s wheat ban defies economic logic
-Livemint.com The political Economy favours the government taking tough measures to protect the consumers — more numerous and more vocal than producers — even if these measures go against the grain of economic sense. India’s decision to restrict wheat export is disappointing but not a big surprise. Banning exports has been the government’s standard response to any shortage of agricultural commodities, denying farmers the benefit of global prices when these are high....
More »Cotton Association of India asks MCX to prevent speculation in Cotton Futures
-The Hindu Business Line CAI asks officials to take "immediate steps to avoid distortions in cotton prices." Cotton trade body Cotton Association of India (CAI) has raised concerns about alleged speculative trades taking place on the Multi-Commodity Exchange (MCX) platform. Citing a sharply lower open interest (OI) in MCX Cotton Futures for the May 2022 contract, CAI has flagged serious distortions in cotton prices causing speculative movements and asked the Exchange to...
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