-The Indian Express   It has only managed to kill manufacturing and employment growth    In the 1950s, misapplied economic policies gave India one of the lowest growth rates in the world for 30 years, and left it behind East and Southeast Asia. Now another set of policies is completing its economic ruin. The architect of this is the RBI and its instrument of choice, the interest rate. Indian business has been begging for a...

-Hindustan Times India’s June-September monsoon has been deficient so far and quite uneven in its spread, with the rain-bearing system entering a phase that will largely determine whether the country can escape a drought for the first time in six years.   Overall, rains have been 9% lower than normal, with sharper deficits in some areas. Rainfall during August-September, the remaining two months of the rainy season, would be poor at 84%, the...

-The Financial Express The criteria for fixing MSP of pulses should be sensitive to prevailing market prices The agricultural price policy, which aimed at providing a remunerative and stable price environment to farmers through MSPs and obligatory procurement by government agencies, has helped India overcome massive food shortages to emerge as a net exporter of food. Though the Terms of Reference (ToR) of the Agricultural Prices Commission requires that policy-induced incentive should...

-The Indian Express It is necessary to rescue public policy from its elitist bias, bring agriculture to its centre There is seldom any Independence Day speech where the prime minister, from the ramparts of the Red Fort, does not thank the jawans and kisans for their heroic role in securing our borders and ensuring food security. This year is unlikely to be different. Recall Lal Bahadur Shastri’s famous slogan, “Jai Jawan,...

-Outlook The poor are increasingly displaying food preferences for better tasting, flavoured and packaged foods but with low nutritional content. Renewed media hype about counting the number of poor was sparked by the recent release of the Socio-Economic Caste Census. While many analysts found the prevalence of poverty alarmingly high, others debunked the SECC report for its muddled and incoherent view of deprivation. An important contribution of this report, however, is the...