-Business Standard A sustained rise in oil, food prices would have adverse impacts on Asia's economies. India, Thailand and the Philippines are the biggest losers, while Indonesia would be a relative gainer, Nomura said The ongoing geopolitical crisis between Russia and Ukraine will impact Asian economies, but the impact will be polarized across the region, said analysts at Nomura in a recent report. The negative impact on Asia, they believe, is predominantly...
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Crude oil not the only problem, more than 80% of India’s sunflower oil imports are from Ukraine -Samrat Sharma
-IndiaToday.in Russia-Ukraine war news updates: The attack on Ukraine has jolted the oil market around the world as well as in India. The dark clouds over edible oil imports in India have come at a time when the retail prices of edible oil are already plateauing. Russia’s invasion of Ukraine has jolted the crude oil market around the world and that is poised to raise petrol and diesel prices in India as...
More »Second Hunger Watch Survey shows high level of food insecurity among the poor & vulnerable people of 14 states
-Press release by the Right to Food Campaign Secretariat dated February 23, 2022 * 66 percent respondents said that their income has decreased compared to the pre-pandemic period * 80 percent reported some form of food insecurity, 25 percent reported severe food insecurity * 41 percent said that nutritional quality of their diet deteriorated compared to the pre-pandemic period * 67 percent could not afford cooking gas in the month preceding the survey. * 45...
More »Rural Distress Makes India Inc. Call for Higher MGNREGA Allocation -Rabindra Nath Sinha
-Newsclick.in By doing so, the corporate sector seems to have cautioned the government against expecting a fast rebound in industrial activity, as there is sizeable idle capacity in the absence of consumption demand. Kolkata: Rural stress and funds for the rural job guarantee scheme were surprise additions in the organised corporate sector’s listed points for the post-Budget interaction with the Union government held on February 5 under the aegis of the Confederation...
More »Three questions which capture India’s medium-term economic challenge -Roshan Kishore and Vineet Sachdev
-Hindustan Times By prioritizing long-term growth via a capital spending push, the budget has underplayed the need for urgent steps to boost short-term consumption demand. Immediate analyses of the Union Budget are always focused on the headline numbers which the document contains. While these numbers are important , it is essential to take a big picture view of the economy to examine the validity of the budget’s larger premise. Such an exercise...
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