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July 2007

Why Doha`s important
Business Standard - July 26, 2007
One reason, says ICRIER’s Surabhi Mittal is that, due to food security concerns, the prices of these crops are determined more by administered mechanisms than by the market. Moreover, farmers, especially small farmers, produce mainly for themselves and the proportion of the crop sold is in any case very small. 

Village India relies more on money lenders than banks
Indian Express - July 24, 2007
Says ICRIER director and chief executive officer (CEO) Rajiv Kumar: “It is to ensure ease of transactions that the common man avoids banks. The processes of banks for loans are hide-bound, full of bureaucracy, and require a lot of collateral... these cumbersome processes take the common man away from banks.”

Rajiv Kumar: India should strive for Doha`s success
Business Standard - July 24, 2007
Nobody can rightly argue that the WTO or the external world is primarily responsible for the woes of our farmers. Several commentators have argued that the Doha Round be declared dead, and attempts to resuscitate it be given up. But will India really benefit from a failed Doha Round, or could saving it yield more gains than losses?

No overheating, inflation will be kept under 4%
Financial Express - July 17, 2007
Rajiv Kumar, director and chief executive, Icrier, said, “It seems quite possible to maintain inflation at the 4% -5% level. But, any satisfaction on abatement of prices of primary products may be premature considering that the impact of the monsoon and availability of wheat is still not clear.”

Are food coupons a good idea?
Economic Times - July 6, 2007
The two major highlights of introduction of food coupons would be gain in consumer welfare and reduction in transaction cost. Food coupons are likely to enhance the purchasing power of poor households.

In search of greener pastures?
Economic Times - July 1, 2007
Outward direct foreign investment (ODFI) from emerging markets is the latest flavour of the month. At a recent seminar organised by ICRIER, authors reported direct investment or M&A activity within Asia by corporates from China, Taiwan, Singapore, Thailand, Malaysia and Indonesia. Indian corporates have, however, grabbed the major headlines, by their audacious and successful take-overs of Europe’s crown jewels and major assets in the US. Suddenly, Indian companies are making foreign acquisitions a central plank of their corporate strategy. A remarkable change from the times when any foreign foray by Indian firms was seen only as a means to beat the draconian FERA.

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