-The Hindu The reassuring message in the Pradhan Mantri Jan Dhan Yojana is that in pursuing its economic objectives, the government wants to accord an important role to the public sector even while relying on market mechanisms The goal is hard to achieve. It is costly and unviable. It will create huge stresses in the banking system. The Narendra Modi government's Pradhan Mantri Jan Dhan Yojana (JDY), an ambitious scheme for financial...
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Ashok Gulati, former chairman of the Commission for Agricultural Costs and Prices, and at present chair professor agriculture, the Indian Council for Research on International Economic Relations, speaks with Sandip Das
-The Financial Express From allocating extra foodgrains to states as a means to fight the price rise to setting up a high-level committee to recommend measures for restructuring the Food Corporation of India (FCI), the government has taken various steps for cutting down food subsidy and curbing further spike in agricultural commodity prices. From allocating extra foodgrains to states as a means to fight the price rise to setting up a high-level...
More »Inflation: Three reasons why rising food prices could be here to stay -M Rajshekhar
-The Economic Times None of the standard explanations quite explain the rise in food prices India has seen: pronounced since 2006 and alarming after 2010. Drought and poor rains? The country has seen good aggregate rainfall in most of those years. Spike in global prices? Those were high in 2007-08, not now. Fragmented value chains that allow middlemen to grab large margins? The value chain has always been fragmented. Growth has slowed...
More »Are women really working less in India? -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line The national sample survey shows there has been a substantial shift from paid or recognised work to unpaid domestic activities for both rural and urban women There has been much discussion on the evidence from recent NSS large sample surveys on employment, of the significant decline in women's workforce participation rates. Various explanations have been offered for this, including rising real wages that have allowed women in poor households...
More »Big monsoon picture masks agony on the small farm -Sanjeeb Mukherjee
-The Business Standard Rainfall shortage in Rajasthan to hit summer and winter crops Alwar (Rajasthan): Khajura Ram has an agonising fortnight ahead. If it does not rain in the next 15 days, he not only will have a poor summer bajra crop; his winter wheat or mustard will suffer as well because it will have to be planted late. "By the middle of August, the bajra crop should have been ready for harvesting...
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