News: In April 2022, the consumer price index-based inflation for food had reached 8.4%. This implies that the gap between wholesale and retail food inflation has been narrowing, suggesting a higher pass-through of input costs. Contents1 Situation of Inflation2 What are the causes of concern?3 Why is food inflation surging?4 Impact of the inflation5 Measures… Continue reading The Indian consumer will have to spend more for a little longer
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India can’t feed the world with a major chapaati crisis at home
News: India has imposed ban on wheat import amid the global food crisis. What are the reasons behind the export ban by the government? First, this year India’s wheat output is around 6.5% less than the previous year. Second, the hottest March in 122 years has stunted grain formation. Last year, a kilogram of Indian… Continue reading India can’t feed the world with a major chapaati crisis at home
Universal basic income plan faces implementation issues
News: Practical challenges in implementation have come in the way of rolling out a universal basic income scheme proposed by experts and mooted in the 2016-17 Economic Survey, an official privy to the government discussions said. Background Universal basic income has often come before on the radar of policymakers as a means of support for… Continue reading Universal basic income plan faces implementation issues
Making sense of the GST bonanza
News: There has been a remarkable upswing in GST collections in recent months. In fact, collections touched a record high of Rs 1.67 lakh crore in April. What are the reasons behind an inc in the GST collections? First, the sharp rise in inflation has played a significant role. After all, as output turnover increases,… Continue reading Making sense of the GST bonanza
You can’t fight a pandemic without IP: Intellectual property rights were vital in producing life-saving Covid vaccines
News: Recent data from ‘Our World in Data’ suggest Covid-19 related infection around the world and India is waning. Hospitalisations and deaths are very low. Vaccines must take great credit for keeping Covid largely out of the headlines after two years. There are now 10 Covid-19 vaccines recommended by the WHO, and over 60 vaccine… Continue reading You can’t fight a pandemic without IP: Intellectual property rights were vital in producing life-saving Covid vaccines
Explained: Sugar export curbs and their impact
News: The government has decided to “restrict” the export of sugar, effective from June 1. The curbs, the first such move in four years, have been ordered to maintain “domestic availability and price stability of sugar”, the government said. India is the biggest producer of sugar and the second-largest exporter after Brazil. Govt has also scrapped… Continue reading Explained: Sugar export curbs and their impact
Be wary of growing exports
News: Russia’s invasion of Ukraine and the western sanctions on Russia, and Sri Lanka’s ongoing struggles have created export opportunities for countries such as India. However, there are environmental concerns into it. Contents1 What are the issues?2 About Net CO2 exports3 Why did the development countries become Net-CO2 import countries?4 Consequences of such export5 Way… Continue reading Be wary of growing exports
How consumption is set to outstrip food grain production
Context: Food consumption is outpacing food production. It may prove the Malthus theory correct. In 1798, British philosopher and economist Thomas Malthus gave a theory. The theory predicted a catastrophe, which is also called “Malthusian catastrophe”. He predicted in his theory that population growth would outpace food production to cause shortages and famine. His theory… Continue reading How consumption is set to outstrip food grain production
Crude Economics – Marco-Economic impacts of oil price rise
News: The level of crude oil prices often changes the macroeconomic outlook in India. How do oil prices impact India’s economic outlook? India’s macroeconomic outlook improves when oil prices are low and stable. Whereas, a rise in oil prices means a higher Current Account Deficit and pressure on the currency. It also results in inflation… Continue reading Crude Economics – Marco-Economic impacts of oil price rise
Indian gig workers may finally be getting a fairer deal
Context: Uber’s recent announcement of new terms for drivers may prove revolutionary in the long history of labour relations, specifically wrt the Gig economy. To work around the recurrent problem of drivers cancelling rides because they did not want to go to the destination or wanted a cash payment upfront rather than waiting for the… Continue reading Indian gig workers may finally be getting a fairer deal
