Last week, the Indian Meteorological Department (IMD) released its first annual monsoon forecast for June-September. Monsoons are likely to be normal with the probability of deficient or excessive monsoons being relatively low, according to IMD. If this prediction comes true, what does this really mean for India's economy? Impact on agricultural output: The first and most important impact is, of course, on agricultural production, especially in the kharif or summer season....

-The Business Standard Without policy correctives, a water crisis is inevitable In a future India, urban neighbourhoods might well be racked by internecine battles over water. The main reason to fear this dystopia is the astonishing rates at which groundwater is being sucked up from below the earth in this country. Groundwater finds a home in natural aquifers, layers of rock, clay and sand far underground. For thousands of years, Indians...

-The Asian Age The Centre on Friday said it is examining a proposal to provide foodgrains as part of wage payments to agriculture workers under NREGA. Agriculture minister Sharad Pawar also said that another proposal to provide a certain number of NREGA workers for agricultural operation has “not received” any positive response. He was responding to a demand from Congress leader J.D. Seelam in the Rajya Sabha that the government should...

The economic crisis, the ecological crisis and the food crisis are a reflection of an outmoded and fossilised economic paradigm. It is a paradigm that grew out of mobilising resources for the war by creating the category of “growth”. It is rooted in the age of oil and fossil fuels. It is fossilised because it is obsolete, a product of the age of fossil fuels. If we have to address...

Rice, wheat production seen at highest ever, but other commodities show a decline from previous year’s harvest The government estimated a record high foodgrain crop for the 2011-12 crop year that ends in June, driven mainly by higher output of rice and wheat, but experts said prices are likely to remain firm and keep inflation at around 7%. The likelihood that the government will increase the minimum prices it guarantees farmers for...