-The Hindu Business Line New Delhi: Sowing of kharif crops slowed down further in the third week of June, despite considerable progress in monsoon rains, with the total area sown falling by almost 24 per cent to 124.94 lakh hectares (lh) compared with 164.10 lh at this time last year. States have reported that till June 24, rice has been sown/transplanted on 19.86 lh (21.86 lh), pulses on 9.66 lh (12.19 lh)...
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ICAR sees foodgrain output at 270 million tonnes -KV Kurmanath
-The Hindu Business Line Hyderabad: With weathermen forecasting a normal monsoon this time, the Indian Council of Agricultural Research (ICAR) hopes to see a total foodgrain production of 270 million tonnes (mt) this year. “The IMD predicts a normal monsoon this year and we should be having good rainfall. The foodgrain production in the country has come down by 10-12 mt in the last two years because of drought,” ICAR Director-General Trilochan...
More »Rural demand: How much can the monsoon help? -Renu Kohli
-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...
More »How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
More »Govt team leaves for Mozambique to explore pulses imports
-The Hindu Business Line New Delhi: To tackle the rising prices of pulses and check its shortage, a high-level government delegation on Tuesday left for Mozambique to explore import options. A Central team is already in Myanmar for the same purpose. The delegation, led by Hem Pande, Secretary, Consumer Affairs, also consists of senior officials from the Ministries of Commerce, Agriculture and MMTC and will explore short- and long-term measures to import...
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