-Hindustan Times IMD on June 1 said that this year the monsoon rainfall is likely to be “normal” at 96% of the long period average (LPA), and indicated that it would be evenly spread that could bring some respite to people suffering from dry weather conditions. New Delhi/ Pune/ Bhopal: Around 43% of the country is staring at a drought, government reports released in the past week show. By June 15, it...
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Good monsoon, govt support could revive rural demand -Ratna Bhushan & Sagar Malviya
-The Economic Times Forecast of a Normal Monsoon and extension of PM Kisan scheme likely to boost rural income, say cos. NEW DELHI| MUMBAI: Rural demand for groceries and daily essentials, which showed signs of slowing in the past three quarters, could revive after New Delhi extended the assured income support (PMKisan) scheme for farmers. Expectations that rains would be normal this monsoon season should also lift buying power in the...
More »India's economy: broad hints of causes for worry
-The Telegraph Inflation and a poor monsoon may add to our woes in an economy already plagued with high unemployment and low demand The ministry of commerce has released the latest data on wholesale price index inflation. The data on food inflation have attracted attention as it soared to a 33-month high in April 2019. However, this rate of inflation is still moderate at 7.4 per cent. The inflation has been due...
More »Sunaina Rawat and the dilemma of Bharat -Richard Mahapatra
-Down to Earth The new government has to focus on the rural population, their aspirations and the economy By this time most of us know Sunaina Rawat. Still a brief introduction: she is a 12-year-old girl from a village in Uttar Pradesh. When the news channel NDTV’s head Prannoy Roy interviewed her on life and aspirations while covering elections, she immediately became one of the most imposing symbol for the country’s rural...
More »Will food inflation be a pain for next government? All depends on cloud cover -Aparna Iyer
-Livemint.com Food inflation stood at 1.38% in April after nearly 30 months of disinflation If it rains are below expectations, the steady rise in food prices would flare up, which would be a headache for the new government Mumbai: Indians had the good fortune of experiencing benign food prices for the last two years. This streak is now about to end as food inflation is back. It was 1.38% in April after nearly 30...
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