-CNN-IBN With deficient monsoon rains throughout the country so far, experts have now warned that the drought situation can no longer be ignored and that it is the time to act. Food Minister KV Thomas admitted on Tuesday that the situation is worrisome and that the government will have to take measures to check hoarding as deficient rainfall will lead to crop failure. Commission for Agriculture Costs and Prices (CACP) Chairman Ashok...

-The Hindustan Times Prime Minister Manmohan Singh has directed key ministries to coordinate with states to manage the crisis arising out of the weak monsoon this year. Rains continue to be 22% deficient. India’s monsoon deficit could crimp food output and hit farm income, which supports a third of the population, hiking inflation risk. “The Prime Minister has been apprised of the situation. He has directed all the departments and ministries to coordinate...

-The Hindustan Times Prime Minister Manmohan Singh has directed key ministries to coordinate with states to manage the crisis arising out of the weak monsoon this year. Rains continue to be 22% deficient. India’s monsoon deficit could crimp food output and hit farm income, which supports a third of the population, hiking inflation risk. “The Prime Minister has been apprised of the situation. He has directed all the departments and ministries to coordinate...

-The Economic Times This year's frail monsoon has depleted Indian reservoirs to alarming levels last seen during the devastating drought of 2009, threatening even winter-sown crops and making the country vulnerable to drinking water scarcity by February as India's grossly inadequate storage capacity magnifies the impact of weak rainfall. The situation is precarious because the monsoon has delivered normal rainfall to only one-third of the country. The total deficit so far this...

-The Hindu Business Line The Government may consider imposing stockholding limits on various agri-commodities to curb rising prices. It may also review the export policy on agri-commodities such as sugar and rice in August by which time there will be a clearer picture on the monsoons. “We are reviewing the price situation and are in constant touch with the State Governments. We will also examine the option of imposing stockholding limits on...