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Why Are People Going Hungry if India Has Surplus Foodgrain Stocks? -Prabhat Patnaik

-Newsclick.in A country that ranks 94 among 107 countries in the Global Hunger Index can’t be said to be self-sufficient in foodgrains. The surplus stocks are due to shortage of purchasing power in peoples’ hands. The Indian intelligentsia has an incredible propensity to swallow the self-serving arguments of metropolitan capitalism that are typically supposed to constitute ‘economic wisdom’. And nowhere is this more evident than in the case of India’s food economy. There...

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The RBI’s ‘weighty’ food problem -Abhiman Das

-The Hindu Business Line The food articles’ high weight and their price volatility have reduced the efficacy of the central bank’s policy actions The flexible inflation targeting framework adopted by RBI in 2016 is considered a significant economic reform in India post 2000. Under this framework, maintaining a 4 per cent CPI headline inflation gets the highest priority in the hierarchy of monetary policy objectives. This rule based policy making renders monetary...

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Farm reform laws threaten nation's food security: Agricultural economist Venkatesh Athreya

-The New Indian Express He added the union government was imposing these farm laws on farmers by advertising them as it is beneficial for their growth. TIRUCHY: The three farm refom laws enacted by the Union government were not just against farmers’ welfare, but also posed a challenge to food security,  noted agricultural economist Venkatesh Athreya has said. Taking part in an online event oganised by the Tamil Nadu Science Forum's Tiruchy unit...

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The Remedy to the Agricultural Crisis That No One Is Talking About -Prem Shankar Jha

-TheWire.in If Modi wants to pull India out of the ‘Cereals Trap’, the path lies through the creation of infrastructure for agriculture. Five weeks after the Farmers agitation began, and a day after the Supreme Court urged the government to put the three farm bills passed in September on hold, Prime Minister Modi has finally agreed to hold talks with their leaders. But what will he hold talks about when neither he, nor...

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The country should worry about further worsening of economic inequality in the post-COVID period

The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...

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