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Explainer: Why are Tomato Prices on Fire?

Tomato prices are up through the roof. Retail prices are in the range of Rs 120-150 per kilogram in most mandis across India, making the household vegetable more expensive than petrol. Prices, which at the beginning of the year were in the range of Rs. 25 a kg, have increased by an order of between 500-600 percent.   What does the data show? The National Horticultural Board is a body under the...

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Poverty and inequality

KEY TRENDS   • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...

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Climate change will likely exacerbate Indian rural household's debt burden

Editorial team, Carbon Copy  Ongoing shifts in rainfall and temperature caused by climate change are likely to increase the debt burden faced by rural households, particularly of marginalised groups in dry areas, an editorial in Carbon Copy magazine said. The piece cited a study in the journal Climate Change that argues that changes in climate, along with existing socio-economic differences - caste and landholding in particular — will deepen the size...

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FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday

-PTI/ Business Standard On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets Finance Minister Nirmala Sitharaman will kick-start the customary pre-budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On...

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‘3X more people displaced by disasters than war’- A warning at COP 27 -Swati Bhasin

-Hindustan Times At the crucial climate conference, world leaders aim to discuss Climate Finance and the Paris Agreement. Three times more people are displaced by climate disasters than war, United Nations chief António Guterres said at the crucial COP27 conference in Egypt on Monday as the global body sounded “early warnings" for the world. With half of humanity living in danger zones, he underlined, "ever-rising greenhouse gas emissions are supercharging extreme weather...

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