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Losing the pulse: Farmers will suffer a setback with falling chana prices. Govt must observe - Shweta Saini and Pulkit Khatri

-ThePrint.in With prices of chana trickling for two years now, the government must revisit its policies and save the crop before it is too late. Chana prices in India have been ruling below their minimum support price (MSP) levels since the last two years. But unlike cereals, edible Oils, and vegetables, where inflation is regularly reported, falling prices of such crops seldom make it to the national media. These prices are important...

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Stay watchful: On October inflation data

-The Hindu Policymakers can ill-afford to drop their guard in the fight against inflation October’s inflation data point to a welcome softening in price gains that should offer some succour to monetary policy authorities, who have been battling to rein in runaway inflation since the beginning of this year. Retail inflation, or price gains based on the Consumer Price Index, slowed to 6.77% last month, from September’s 7.41%, aided by an appreciable...

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Paris Agreement requires phase down of all fossil fuels: India at COP27

-PTI/ The Hindu The negotiations at the U.N. climate summit last year (COP26) in Glasgow ended with an agreement on phasing down the unabated use of coal instead of phasing out As negotiators from 194 parties started working out a draft cover text at the U.N. climate summit in Egypt, India on Saturday said meeting the long-term goal of the Paris Agreement requires "phase down of all fossil fuels", sources told PTI.  "Natural...

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Critical to cut edible Oil imports — Modi govt makes strong pitch for GM mustard in SC -Bhadra Sinha

-ThePrint.in In an affidavit filed before Supreme Court, environment ministry has said domestic production of GM Mustard will reduce India’s dependency on other countries to meet domestic demand. New Delhi: Defending the clearance given last month to the environmental release of Genetically Modified (GM) Mustard, the central government told the Supreme Court that the deployment of GM Mustard hybrids will contribute to India’s self-sustenance in the production of edible Oil and shall...

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Vicious cycle -Prabhat Patnaik

-The Telegraph A system without any steering control An essential characteristic of modern capitalism is that the living conditions of millions of people are determined by the whims and caprices of a handful of financial speculators; indeed, that is what ‘leaving things to the market’ really entails. Consider what is happening in India today. There is a massive outflow of finance from the country because of which the rupee is depreciating  vis-à-vis...

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