Summer temperature in India is set to remain above average, weather officials said, raising hopes of heavy rains at the start of the monsoon season that will help early sowing of rice, soybeans and lentils. Early sowing and the subsequent early harvest insulates crops from weather risks such as weak rains towards the end of the June-September monsoon season that delivers 75-90% of the rainfall in most parts of India. It also...
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Future bright for Indian economy, says Rangarajan
Fiscal slowdown has not affected India much Forecasting a brighter future for the country’s economy by 2009-10 end, C. Rangarajan, Chairman, Economic Advisory Council to Prime Minister, said that if a consistent growth of four per cent in agriculture and nine per cent in the industrial and services sectors were maintained over the next two decades, it would propel India into the comity of developed nations. In a talk on...
More »Managing Disasters and Displacement by SG Vombatkere
The article presents the political and economic impacts of various kinds of natural and man-made disasters and associated displacement of populations, and argues for a wider and more inclusive definition of disasters in the interest of human rights, social justice and equity for the victims of disasters. Legislation, Disasters and People Numerous disasters at national and international levels have caused governments to recognise the need for rapid and effective response to provide...
More »Shadow of Drought on Delayed Monsoon
A good reason why we must not rejoice the late resumption of monsoon rains is that much of the damage is already done and is irreparable. In over 60 percent of India’s agricultural belt, particularly in the North-Western parts, there will be no rabi harvest. Hence, late arrival of rains hardly mitigates the challenges of lower agricultural production, shrinking of rural purchasing power, high inflation of food prices and loss...
More »Debt Trap
KEY TRENDS • The NSS 59th Round (January-December 2003) had found that 48.6% farmer households were indebted while the NSS 70th Round (January-December 2013) has observed that 52% of India's agricultural households were indebted in July, 2012-June, 2013 $ • A similar survey on rural indebtedness by the NSSO in 1991 found indebtedness among only 26% of farmers $ • On an average, the amount of debt per farmer household was Rs. 12,585 during NSS...
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