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Rain hits mustard, wheat, chickpea crop in north and central states -Harish Damodaran

-The Indian Express   New Delhi: Unseasonal rainfall accompanied by strong winds is seen to have caused significant damage to the standing rabi crop across North and Central India, adding to the woes of farmers already battling low price realisations and urea shortages. "These rains aren't beneficial for 90 per cent of the wheat, mustard or chana (chickpea) now in the fields. They may be useful only to the wheat that was sown...

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Highlights of Economic Survey 2014-15

-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...

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Food security, a slippery slope -S Ramadorai

-The Hindu Business Line   There's no Malthusian problem right now, but without sustainable farming the world will be in serious trouble Food security, a seemingly innocuous phrase, is fast becoming one of the most widely discussed topics of our time. A lot of us would associate ‘food security' as a challenge for the impoverished but it could potentially become a much more widespread problem straddling across geographic and economic divides. The issue of...

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A budget to transform -Pulapre Balakrishnan

-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...

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'By 2050, 20% jump possible in risk of hunger due to climate change'

-PTI New Delhi: The risk of hunger and malnutrition could increase by 20 per cent due to climate change by 2050, endangering the lives of millions of people, a UN agency has warned. The United Nations World Food Programme (WFP) says climate change is making disasters, such as floods and droughts, more frequent and intense, land and water more scarce and difficult to access, and increases in agricultural productivity even harder to...

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