-The Hindu The inadequacy of monetary policy to address food-price-driven inflation has been recently flagged Globally, inflation is now the prime concern of governments, even as there is a speculation that a recession may not be far behind. In India, though, government agencies regularly announce that the country is growing at a much faster rate than most economies and presently assert that inflation is much lower. The growth performance is not so...
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A new legislation that mirrors the old -Dinesh S Thakur and Prashant Reddy T
-The Hindu The New Drugs, Medical Devices and Cosmetics Bill is antiquated and needs to be revised The Union Health Ministry recently published a new draft Bill to replace the antiquated Drugs and Cosmetics Act, 1940. While we salute the Ministry for recognising the need for a new legislation, there is much to disagree with the new Bill. To begin with, although the Ministry has described it as being consistent with the...
More »Is crude, edible oil inflation relief on the cards for India? -Roshan Kishore
-Hindustan Times The fuel and energy basket sub-component has a share of 6.84% in the CPI basket. For oil and fats (edible oil) sub-category, this share is 3.56%. A simple calculation using the weighted share of these two sub-components shows that they have been a key driver of headline inflation in the past few months. India’s benchmark inflation rate, as measured by the Consumer Price Index (CPI) has been above the 6%...
More »Have compensated 98% of endosulfan pesticide exposure victims, Kerala tells Supreme Court
-The Hindu State government says ₹5 lakh compensation for each of the over 3,700 victims had been disbursed The Kerala government on July 18 informed the Supreme Court that it has compensated 98% of the endosulfan pesticide exposure victims. Appearing before a Bench led by Justice D.Y. Chandrachud, advocate Nishe Rajen Shanker, for Kerala, said the ₹5 lakh compensation for each of the over 3,700 victims had been disbursed. Verification was going on...
More »India’s climate imperative -Vinod Thomas
-The Hindu For public pressure to drive climate action, we need to consider climate catastrophes as largely man-made In the absence of COVID-19, climate change-induced disasters would have been India’s biggest red alert in recent years. The heatwave that scorched Rajasthan, Uttar Pradesh, Gujarat, and New Delhi this year; torrential downpours in south India in 2021; and the super cyclone Amphan that battered West Bengal and Odisha in 2020 are symbols of...
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