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The perpetual El Nino -Jatin Singh

-The Telegraph Below-normal and drought are the new normal. Since 2012 there has only been one normal monsoon. Monsoons follow their own patterns, unpredictable as they may be. In the past, certain periods, spanning a decade or sometimes two, have had higher frequencies of droughts and at the moment, we seem to be stuck in such a cycle. Between 1900 and the year 2000, there was one drought per decade. But...

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There is a fundamental problem of demand today. At the core of it is incomes that aren't rising enough -Harish Damodaran

-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...

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Dial 'M' for Manufacturing -Santosh Mehrotra & J Parida

-The Hindu The recent PLFS data, which show a historic decline in manufacturing employment, make one fact plain — India desperately needs a comprehensive industrial policy, absent since 1991 The Union Budget suggests that the government has not recognised the need to create more manufacturing jobs. For the first time ever, manufacturing jobs fell in absolute terms between 2011-12 and 2017-18, to quote the Periodic Labour Force Survey (PLFS) of the National...

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CAG demonstrates how govt relies on off-budget resources to fund deficit - Dinesh Narayanan

-The Economic Times India’s deficit numbers have come under lens as the govt is increasingly depending on off-budget borrowings. The Comptroller and Auditor General (CAG) has said that the central government’s key deficit figures may be considerably higher than those stated in the union budget. In a presentation to the 15th Finance Commission (FFC) on July 8, three days after the July 5 budget, CAG has asked whether the extra-budgetary resources accounted for...

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Natural farming not only solution to chemicals in food: NITI Aayog member

-Business Standard He said India's food security was expected to sustain for a long time, as foodgrains production was growing much faster rate as compared to the population growth NITI Aayog member Ramesh Chand on Tuesday said public perception of growing harmful effects of chemicals in food cannot be addressed by organic farming or zero budget farming alone. Chand said the plant protection industry should play an active role in assuring consumers...

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