-The Hindu Business Line Accumulated stocks of skimmed milk powder insulate consumers from price hike Ahmedabad/ Bengaluru: The drought and heat wave across many States has impacted milk production, thereby affecting procurement by dairy co-operatives and private players. In the key milk-producing States of Maharashtra, Gujarat, Uttar Pradesh and Rajasthan, the procurement of liquid milk has dropped 20-50 per cent, which is more than the usual seasonal decline witnessed during summer. Experts blamed it...

-Business Standard Environmental activist and water expert Himanshu Thakkar tells Aditi Phadnis that India needs a comprehensive water-use policy immediately. * You are quoted as saying that India is in the grip of its worst hydrological crisis ever. Isn't that a bit drastic? After all, India has endured endemic water scarcity in many parts of the country for several years now. What makes you so pessimistic? I do not think it is statement...

-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...

-Business Standard/ PTI Directs Centre to constitute a national disaster response force within the next six months In a strong indictment of Centre and states' handling of the drought situation, the Supreme Court on Wednesday said if state governments maintain an "ostrich-like attitude", Centre cannot wash its hands of constitutional responsibility, since the "buck stops" with it. The apex court, giving its judgment on a public interest litigation by Swaraj Abhiyan on drought,...

-The Hindu Business Line While kharif crops will be affected, rabi crops have assured irrigation Depleted reservoirs and parched lands await the onset of the south-west monsoon. The water level in key reservoirs across the country is fast receding, going by data from the Central Water Commission (CWC). The storage levels in 91 reservoirs have dropped from 95.693 bcm (billion cubic metres) in September to 72 bcm in December and are now...