-United Nations Environment Programme (UNEP) A prolonged and deadly heatwave has hit large swaths of India and Pakistan affecting hundreds of millions of people and sparking food and energy shortages. Experts say the extreme heat is a grim preview of what the climate crisis has in store for a region home to over 1 billion people. Temperatures in India’s capital and parts of Pakistan have at times reached close to 50°C, killing...
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Neo-Liberalism and Anti-Inflationary Policy -Prabhat Patnaik
-NetworkIdeas.org Central Banks all over the capitalist world are raising, or are about to raise, interest rates as a means of countering the currently rampant inflation, which is certain to push a world economy that is barely recovering from the effect of the pandemic, back towards stagnation and greater unemployment. Of course the Federal Reserve Board of the US which sets the standard in this respect for all other central Banks, claims...
More »A Ban on wheat exports was the country’s least damaging option -Indira Rajaraman
-Livemint.com India’s wheat export proscription was the first signal of awareness that moves on many fronts are needed for inflation control The Indian export Ban on wheat in mid-May drew much negative attention. For the record, it is a Ban on private sector wheat exports, and leaves open government-to-government contracts. The widespread criticism of the Ban was misplaced in my opinion. Private wheat traders had responded exuberantly to the global demand for wheat...
More »Trucks laden with wheat stuck on Bangladesh border -Soumya De Sarkar and Main Uddin Chisti
-The Telegraph Customs accused of blocking grain’s movement on premise of export bar Malda/ Cooch Behar: Hundreds of trucks laden with around four lakh tonnes of wheat meant for export to Bangladesh have been stuck at land ports in Bengal for at least three weeks as customs authorities are allegedly refusing their onward journey. The exporters are worried that delay in the transportation of the wheat will cause them losses of crores of...
More »Don't make Punjab a junkyard for machines -Devinder Sharma
-The Tribune With policy-backing, subsidies and availability of easy credit, farmers are being pushed to buy more machines. Punjab has five times more tractors than required. As more technological gadgets and machines are promoted, farmers are increasingly sucked into a debt cycle, while equipment manufacturers are laughing all the way to the Bank. At a time when farmers across the world are struggling to recover their cost of production, an Oxfam report...
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