-The Economic Times Blog Two apparently unrelated events — a sharp fall in factory output growth and a spike in consumer price inflation —point to deep problems underlying the economy. September industry growth fell to 3.6%, the lowest in four months. Meanwhile, the consumer price index (CPI) went up to 5% in October, higher than the consensus estimate of 4.8%, headed north for the third successive month. The rise in prices is driven...
More »SEARCH RESULT
Don’t dismantle, reform -Sonalde Desai
-The Indian Express There is evidence to suggest that with a few modifications, MGNREGA can dent poverty. There are few government programmes that excite as much passion as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). For advocates, it is a lifeline for the rural poor. For critics, it is a programme that distorts labour markets and does far more harm than good. In this partisan quicksand, it is hard to...
More »Sowing poverty -Suman Sahai
-DNA The failure of Bt Cotton to ward off pests has pushed farmers to penury The whitefly attack that has devastated the cotton crop in parts of Punjab and Haryana and caused heavy losses to farmers was a disaster that was waiting to happen. Estimates say that some 8 lakh hectare of standing cotton has been destroyed causing damage worth crores of rupees, which has hit farmers hard. This disaster was waiting...
More »They don’t go to the field -Harish Damodaran
-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...
More »The skewed pulses story -Suman Sahai
-Asian Age Many years ago, when I was doing my Ph.D. in genetics at the Indian Agricultural Research Institute, Delhi, I did my research on mung and urad daal, unlike most of my compatriots who did their research either on the major cereals like wheat, rice and maize, or on vegetables. Pulses was a neglected field of research then, as it is now. It was a crop of the marginal areas...
More »