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IMF study finds inequality is damaging to economic growth-Phillip Inman

-The Guardian International Monetary Fund paper dismisses rightwing argument that redistributing incomes is self-defeating   The International Monetary Fund has backed economists who argue that inequality is a drag on growth in a discussion paper that has also dismissed rightwing theories that efforts to redistribute incomes are self-defeating. The Washington-based organisation, which advises governments on sustainable growth, said countries with high levels of inequality suffered lower growth than nations that distributed incomes more evenly. Backing...

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Why India needs a futures exchange for water? -Nilanjan Ghosh

-The Hindu Business Line The risk of water availability is a painful reality in south Asian agriculture including India. Any deviation from the monsoon causes problems for the farm community and poses threat to food security in the region. The variability in precipitation in India has actually increased in recent years. While comparing the variability of precipitation (given by standard deviation) between two phases, 1950-75 and 1976-2010, in two geographically dispersed districts...

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Regulating genetic modification-MS Swaminathan

-The Hindu In the case of technologies with benefits and risks, it is important to have regulatory mechanisms which can help analyse them in an impartial manner It is 61 years since the beginning of new genetics based on the discovery of the double helix structure of the DNA molecule. It is also 31 years since the production of transgenic plants. The first patent for a living organism went to Dr. Anand...

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Direct seeding of rice-SS Johl

-The Tribune Punjab: No doubt there is a pressing need to restore the fast deteriorating underground water balance in Punjab and parts of Haryana because of excessive withdrawals of water to meet the irrigation requirements of water-guzzling crops, particularly the rice crop. In Punjab available canal water hardly meets one-fourth of the water requirements of the agriculture sector and three-fourth water requirements are met through the pumping of underground water. In...

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Consumers can ask NGOs to fight cases -Abhinav Garg & Dipak Kumar Dash

-The Times of India NEW DELHI: Consumers can soon engage a non-advocate or an NGO to fight their case in consumer forums. However, such agents can't charge arbitrary fees. The charges will be decided by presidents of the relevant forums. The grounds to be considered while deciding fees will include the paying capacity of clients, skill of the agent and complexity of the case. In a recent notification, the consumer affairs ministry...

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