-The Hindustan Times In 2009, when India had its worst drought in three decades in terms of rainfall, the country managed to produce a million more tonnes of foodgrains than it did in 2007, a normal year. Droughts, such as the one that has now settled in nearly half of the country, are no longer the disaster they used to be, thanks to one of the world's most efficient drought management systems. Largely indigenous...
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Disparity in income getting sharper, NSSO data shows-Asit Ranjan Mishra
-Live Mint In urban India, the ratio of the top and bottom 10% of the economic group increased to 10.9% from 10.1% Economic growth is increasing the income and consumption levels of the average Indian faster than before, but income disparity is getting sharper, especially in the country’s villages, which may require a greater effort aimed at creating jobs in the non-farm sector in rural areas. The increase in inequality is evident from...
More »Inflation, poor monsoon hit consumption in eastern India-Shine Jacob & Nirmalya Behera
-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...
More »Government rolls out package to deal with poor monsoon
-The Economic Times The government has stopped short of declaring a drought but rolled out a relief package which includes subsidised diesel for irrigation, funds to ensure drinking water, seed subsidy for resowing crops and augmentation of fodder supply. "The number of rain-deficient districts this year is more than in 2009," said agriculture minister Sharad Pawar after chairing a meeting of the Empowered Group of Ministers (EGoM) on drought. The meteorological department...
More »Government issues advisories as rain concerns rise-Jacob P Koshy
-LIve Mint A day ahead of a crucial ministerial meeting to review India’s severe rainfall deficiency, the agriculture ministry has unveiled a district-level plan of action that primarily consists of advisories on the kind of seeds to be sown, altered sowing plans and the conservative use of water. According to the department’s website, advisories have been issued to Andhra Pradesh, Maharashtra, Orissa, Uttar Pradesh, Karnataka, Punjab, Haryana, Rajasthan, Tamil Nadu, Gujarat, West...
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