-ThePrint.in RBI's rate hike also among decisions announced last week that might pay political dividends in state polls, but could come with commensurate economic costs, say economists. New Delhi: Is the Modi government prioritising political gain over much-needed economic prudence with an eye on crucial assembly elections coming up in Gujarat and Himachal Pradesh this year and more lined up the next? The answer seems to be yes, going by several critical decisions...
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Understanding the Durga Puja economy -Atanu Biswas
-The Hindu Brisker Puja sales may not implicate a better economic climate in West Bengal There is added enthusiasm in the celebration of Kolkata’s Durga Puja after its inclusion as the 14th entry from India in UNESCO’s ‘Representative List of Intangible Cultural Heritage of Humanity’ last December. But like most major festivals, Durga Puja is not just a cultural extravaganza; it is an economic lifeline for West Bengal. But do we have reasons...
More »Global recession increasingly likely as cost of living soars: WEF survey
-PTI/ The Hindu Business Line The survey showed that food security could be at risk over the next three years A global recession is becoming increasingly likely due to stubbornly high inflation and real wages continuing to fall, the World Economic Forum said on Wednesday, citing a survey of chief economists from across the world. According to the WEF Chief Economists Outlook report, real wages are expected to continue falling across the world...
More »Govt’s Bizarre Plans of Dealing With Looming Food Grain Crisis -Subodh Varma
-Newsclick.in Privatisation of grain procurement and cap on procurement subsidies are among the ideas being floated. Amid a slew of worrying news on the food grain front, the Narendra Modi-led government not only appears to be strangely cool, but it is also throwing up bizarre proposals to change the whole procurement-distribution system. This could be the famous ‘using a crisis as an opportunity’ mode of thinking that has led to catastrophic effects...
More »Govt to soon rope in private players for foodgrains procurement: Food secy
-PTI/ Business Standard "We have written to states that the government wants to bring private sector in the procurement process besides FCI and state agencies," food secretary Sudhanshu Pandey said. The Centre will soon invite private players along with Food Corporation of India and other state agencies to procure foodgrains for buffer stock, food secretary Sudhanshu Pandey said on Monday. He informed that the Union food ministry has already written to all the...
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