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Cauvery water row hits commodity movement -Vishwanath Kulkarni & Gayathri G

-The Hindu Business Line Bengaluru/ Chennai: The disruption of road transport between Karnataka and Tamil Nadu over sharing of the Cauvery river water in the past few days has impacted the movement of commodities such as onions, poultry products, turmeric, tea and tomatoes, among others. This has resulted in the price of perishables, mainly onions, falling as the new crop has started reaching markets in Southern Karnataka. “Onion prices are down by...

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The great GDP fudge -Jairam Ramesh

-The Indian Express Same data, opposite conclusions, Dr Subramanian? “I am puzzled by the new GDP growth numbers. This is mystifying because these numbers, especially the acceleration, are at odds with other features of the macro economy. Import of goods declined. typically growth booms are accompanied by surges in imports not declines… similarly, real gross capital formation declined”. This was the chief economic advisor (CEA) Arvind Subramanian in an interview to the...

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China may allow imports of Indian non-basmati rice -Arun S

-The Hindu China was the largest importer of the grain in 2015-16. New Delhi: China may soon grant market access to India's non-basmati rice Exports, acceding to a long-pending request from New Delhi. The Centre had repeatedly taken up the issue of the country’s ballooning goods trade deficit with China bilaterally. India had demanded market access for products including non-basmati rice, pharmaceuticals and several fruits & vegetables among others. India’s goods trade deficit with...

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Why restrictions on stockholding and export of pulses must go -Harish Damodaran

-The Indian Express Govt must learn from mistakes in onions and potatoes, agriculture should be spared of bearing the burden of its inflation targeting. Last week, Union Commerce Minister Nirmala Sitharaman announced a 5% subsidy on onion Exports in the form of transferable duty credit scrips that can be used to pay customs, excise or service tax. On top of it, the Maharashtra government extended a Rs 100 per quintal grant to...

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Paradox of plenty -Neelkanth Mishra

-The Indian Express Farm incomes may not revive despite good monsoon. There are new challenges for policymakers. India’s per capita calorie demand has been falling for at least the last 30 years. Most people do a double-take when they hear that. One can’t debate the fact much: National Sample Surveys every five to seven years have documented this. What we can debate are the reasons behind this: In their 2009 paper Angus...

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