-The Hindu The factories in Vetapalem are in an immediate need of mechanisation ONGOLE: The cashew industry, which has flourished for hundreds of years in Vetapalem village near Chirala town in Prakasam district, is beginning to show the first warning signs of a slump. Cashew units are reportedly struggling to sustain operations in the wake of a shortage of raw material and a skilled workforce, with fingers being pointed at the Mahatma Gandhi...
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UN meeting on desertification ends with vow to curb land degradation -Jacob Koshy
-The Hindu United Nations-led Conference to Combat Desertification assures ‘neutrality’ by 2030. New Delhi: A two-week long United Nations-led Conference to Combat Desertification (UNCCD) ended with a commitment to achieve land degradation neutrality by 2030. Such neutrality is defined by the U.N. as ensuring that enough land is available across the world to ensure a sustainable future. The Delhi Declaration, a consensus document, agreed upon by more than 100 countries “welcomed” the proposed...
More »Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)
-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the APRIl–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
More »Economic crisis: Why it suits neoliberals to point fingers solely on demonetisation 'shock' -Prabhat Patnaik
-Newsclick.in The roots of the present economic slowdown squarely lie within the neoliberal trajectory, which has led to a crisis of overproduction. Demonetisation and ‘hasty’ GST only aggravated it. With former PRIme minister Manmohan Singh resurfacing on the political landscape and articulating once more the orthodox neoliberal position, one can now clearly discern three distinct perspectives on the current economic slowdown. The first is the orthodox neoliberal position that Singh has now articulated....
More »Govt should take CMs' views for Finance Commission's reference terms: Manmohan
-PTI Earlier in July, the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ways for allocation of non-lapsable funds for defence and internal security. New Delhi: Former PRIme Minister Manmohan Singh on Saturday said the government should have taken chief ministers' views before changing the terms of reference of the 15th Finance Commission, adding that unilateralism is not good for federal policy and...
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