-The Business Standard Third advance estimate of 2013-14 says grain production to rise 2.8% India's total foodgrain production in the 2013-14 crop marketing season that ends in June is expected to be around 264 million tonnes, almost 2.8 per cent more than 2012-13, some relief to the next government at a time when monsoon rains are expected to be below-normal this year. According to the third advance estimate of 2013-14 agriculture production, released...
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WPI inflation eases to 5.2% in April-Vrishti Beniwal
-The Business Standard Food articles inflation dips to 8.64% compared to 9.9% in March Wholesale Price Index-based Inflation fell by 0.5 percentage points to 5.2 per cent in April from 5.7 per cent in March, providing some relief to a new government amid other deteriorating macroeconomic numbers such as retail inflation and industrial output. All three major components of the index - food, fuel and manufactured goods - recorded moderation in inflation on...
More »India needs to do a lot more to effectively deal with El Niño fallout-Sanjeeb Mukherjee
-The Business Standard More, water levels in the reservoirs of southern India are below the 10-year average at 8.28 billion cubic metres As doubts mount over the impact of El Niño on the southwest monsoon season in 2014, India's preparedness to face a low rainfall situation seems to have improved in the past four-five years. However, there are many gaps to be plugged. For example, although the average water in major reservoirs across...
More »El Nino likely to cause loss of Rs 1,80,000 crore this year: ASSOCHAM -Soma Basu
-Down to Earth Studies indicate high food inflation As Met office predicts below normal rainfall because of El Nino this year, a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has projected a 1.75 per cent GDP reduction and loss of hundreds of thousands of jobs in the unskilled sector. The report released recently says that five per cent deficit rainfall forecast by the India Meteorological Department (IMD) will...
More »Water fast depleting in south India’s reservoirs -Vishwa Mohan
-The Times of India NEW DELHI: The forecast of a weak monsoon this year has brought back worries of a water crisis in the country. Water is fast depleting in key reservoirs, and although current levels are significantly higher than normal in most places with the exception of south India, a slow start to the monsoon next month could quickly bring the situation to a head. The latest update from the...
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