ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Burgeoning Edible Oil Imports and Price Shock(s)

The ever-increasing import bill of edible oil has become a chronic problem for India with edible oil being the third largest among imported goods in India, next only to crude oil and gold. There are structural issues in production, productivity, and trade of edible oils. These energy-rich crops are grown in energy-starved conditions where more than 70% of the area under cultivation is rain-fed and often cultivated with low-quality seeds in a fragmented landholding and outdated agri-management practices. It further studies the trade liberalisation measures of a liberal trade policy regime, lower import duties, duty-exemptions under free trade agreements, and changes that India has witnessed in consumption as well as retail of edible oil.

Carbon Fantasies

Living with Oil & Coal: Resource Politics & Militarization in Northeast India by Dolly Kikon, Seattle: University of Washington Press , 2019; pp xiii + 189, price not indicated .

GSPC: A Controversial Case Study

While the Bharatiya Janata Party claims the Congress has been trying to deflect allegations of corruption against it by highlighting controversies relating to Gujarat State Petroleum Corporation, the many allegations levelled against the management of this state government company are serious. The Oil and Natural Gas Corporation should think hard before deciding to partner GSPC.

System of Disparate Exchange

The Angolan Civil war is illustrative of the close interconnection that today exists between raw materials and civil wars as well as of the trading structure that characterises the system of disparate exchange. Disparate exchange leads not merely to a drainage of resources and wealth from the poorer southern countries to the north, but also to impoverishment and destruction following the influx of weapons of war, bought by warring parties with income from sale of diamonds, oil and other indegenous wealth.
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