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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What is in store for India’s imports?
There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
More »Abhijit Sen, Leading Economist of Indian Agriculture, Passes Away
-TheWire.in Apart from teaching at JNU, he was a member of the Planning Commission from 2004-2014 and headed the Commission on Agricultural Costs and Prices, 1997-2000. New Delhi: Professor Abhijit Sen, a leading expert on the rural economy and a former member of the Planning Commission, died here on Monday night after a brief illness. He was 72 years old. In an academic career spanning over four decades, Sen taught economics at Sussex,...
More »'Silent Majority' Supported the Three Farm Laws: SC-Appointed Committee Report
-TheWire.in (with PTI inputs) Anil Ghanwant, one of the three members of the committee, made the report public on Monday. Mumbai: Barely four months after Prime Minister Narendra Modi announced the repeal of the three farm laws which fanned protests across numerous sites in India, and only a few days after the Uttar Pradesh legislative assembly results, the report of the Supreme Court-appointed committee on farm laws has been released in the...
More »What will a legal guarantee of MSP involve? -Priscilla Jebaraj
-The Hindu Why are farm unions seeking a minimum support price for all crops? What are the terms of the committee set up to look into their demands? The story so far: After a year-long agitation on the borders of Delhi, protesting farm unions under the banner of the Samyukt Kisan Morcha have achieved their headline demand, namely the repeal of three contentious laws seeking to reform the storage and marketing of...
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