-Livemint.com The agriculture ministry has estimated foodgrain production at 134.7 million tonnes for the 2017-18 kharif crop season, 2.8% lower than last year New Delhi: Production of kharif crops this year is likely to be lower than last year, the agriculture ministry said in its first advance estimates, with the only exception being sugarcane. Production of foodgrains such as rice, pulses and coarse cereals is likely at 134.7 million tonnes in 2017-18, about...
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Indian monsoon could spill over into Oct, say global forecasts -Vinson Kurian
-The Hindu Business line THIRUVANANTHAPURAM: A US Climate Prediction Centre forecast suggests that the moderate to heavy monsoon conditions would prevail over most parts of the country until the month-end. The latest spell, now almost a week old, is being mainly attributed to the influence of erstwhile typhoon Doksuri that rammed into the Vietnamese coast the other day. TYPHOON REMNANT Westward tracking storms or typhoons in the North-West Pacific/South China Sea have always had...
More »Rural distress may lessen even as agriculture growth may stay flat -Sandip Das and Banikinkar Pattanayak
-The Financial Express The distress in rural India on account of a glut-induced crash in prices of farm commodities will likely alleviate soon as prices tend to look up, but statistical factors will keep farm-sector growth subdued in the short-term. A crash in prices kept growth in nominal gross value added (GVA) for the agriculture and allied sector above the expansion in real term in Q1FY18 for the first time in five...
More »Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
More »After floods, 235 districts face drought in country -Amit Bhattacharya
-The Times of India NEW DELHI: Around 235 districts across the country face the prospect of drought this year as the monsoon appears headed for a below-normal performance, with the season's deficit currently at 6.2% of normal. These districts, accounting for 37% of India's 630 districts for which rain data is available, have monsoon shortfall of at least 20%, with nine show acute deficits of 60% or more, data from the India...
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