-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...

-Livemint.com The shortfall in pulse production is expected to be around 2 million tonnes this year Under siege over sky-rocketing pulse prices, especially when the crucial Bihar elections are underway, the Centre initially blamed the state governments for the situation at hand for failing to crack down on hoarders. According to news reports, more than 80,000 tonnes of pulses have been recovered in raids across states in the last week or...

-The Hindu Rural Indians do not seem to have benefitted as much from falling inflation as their urban counterparts. While inflation has been slowing both in rural and urban areas of the country, there is a widening difference between the two as rural inflation is decelerating at a much slower pace. The resultant gap between rural and urban inflation has more than doubled over the last one year, data analysed by HSBC...

-The Hindu Business Line Our pulses trade and output policies are made with the wrong ingredients The present spike in prices of pulses is a fallout of both structural and short-term factors. Years of flawed production and trade policies, along with the absence of technological breakthroughs to improve yields, have led to stagnation in output. The retail prices of pulses have galloped along at a faster rate ever since the fourth advance...

-Livemint.com Water availability has not deteriorated only because of the poor monsoon Amartya Sen showed in his seminal work on famines that mass starvation is not necessarily the result of inadequate food supply. He opened up new areas of inquiry that focussed on what have come to be known as entitlement failures. Sen has famously argued that human mistakes forced people into starvation in Bengal in 1943 even though food production in...