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Excess rain washes out IMD's methods -Jacob Koshy

-The Hindu New dynamical model failed to forecast August-September deluge. While India this year may have recorded its highest monsoon rain in 25 years, an analysis suggests that new monsoon models, called the Monsoon Mission Coupled Forecast Model (CFS), deployed by the IMD over the last decade don’t do better than the older ones in long-range forecasting. This year, India ended up with 10% more monsoon rain (or 110% of the long...

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A rural stimulus: On MGNREGA wage hike

-The Hindu Putting more money in the hands of rural households will stir up the economy The government’s statistical machinery has begun work on revising the indices that capture the trends in consumer prices experienced in rural India. This opens up the prospect for an upward revision in the wages paid out to workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The current national average wage is just about...

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The perpetual El Nino -Jatin Singh

-The Telegraph Below-normal and drought are the new normal. Since 2012 there has only been one normal monsoon. Monsoons follow their own patterns, unpredictable as they may be. In the past, certain periods, spanning a decade or sometimes two, have had higher frequencies of droughts and at the moment, we seem to be stuck in such a cycle. Between 1900 and the year 2000, there was one drought per decade. But...

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There is a fundamental problem of demand today. At the core of it is incomes that aren't rising enough -Harish Damodaran

-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its economy was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...

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Civil society activists condemn the statement by Rural Development Minister in Parliament on discontinuation of MGNREGA scheme

-Press statement by NREGA Sangharsh Morcha dated 19 July, 2019 While it is heartening that a discussion on rural development lasted for nine hours in Parliament with important issues on MGNREGA being raised, we are deeply disappointed at the statement of the Rural Development Minister that not only displays a lack of understanding of the program but also betrays the clear anti-poor sentiment of this government. On the central issue of inadequate...

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