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Forget Inflation Targeting -Prem Shankar Jha

-The Indian Express   It has only managed to kill manufacturing and employment growth    In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...

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India's Handloom Challenge Anatomy of a Crisis -Ashoke Chatterjee

-Economic and Political Weekly The Indian weaver is dismissed in high places as an embarrassing anachronism, despite demand for his or her skills and products. In the new millennium, globalisation and a mindless acquiescence to imported notions of a good life threaten to take over, even as the West looks East for better concepts of sustainable living. Analysing today's crisis in the handloom sector, plagued by low-cost imitations from power looms,...

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Toxic air choked 35,000 to death in 10 years: Ministry -Vishwa Mohan

-The Times of India NEW DELHI: Union environment ministry, which generally avoids sharing details of air pollution-linked deaths, made an exception on Thursday when it said in Parliament that more than 35,000 people had died due to acute respiratory infections (ARI) across India in close to 10 years. More than 2.6 crore cases were reported every year during the period. Although international studies have attributed far more deaths to air pollution in...

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Egg prices on a roll again -Aarati Krishnan

-The Hindu Business Line Though costs are down, prices are holding up on good demand for this protein source Egg prices in major Indian cities, which spiralled to ₹400 (per 100 eggs) in December last year, had moderated sharply in the first four months of 2015. But data from the National Egg Coordination Committee (NECC) shows that they have taken off again in the last three months — rising from ₹270-280 in April...

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Uttar Pradesh, T.N. roads the most unsafe, show NCRB data -Rukmini S

-The Hindu Sixteen Indians died in road accidents every hour in 2014, a quarter of them on two-wheelers, and a majority of them as a result of overspeeding or reckless overtaking, new official data show. Tamil Nadu, and Chennai in particular, have high levels of road fatalities. The National Crime Records Bureau’s Accidental Deaths and Suicides in India report for 2014 was released late on Friday. The numbers show a slight increase...

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