-The Times of India   NEW DELHI: A swathe of ministries - from finance to fertilizer and petroleum - are going to make a case for a reduction in subsidies before Narendra Modi, a move that will push up your monthly expenditure but is expected to help the government cut wasteful spending and revive investment. Sources said the three ministries are identifying subsidies as a key constraint in their presentations that secretaries will make...

-The Business Standard   Food articles inflation dips to 8.64% compared to 9.9% in March Wholesale Price Index-based Inflation fell by 0.5 percentage points to 5.2 per cent in April from 5.7 per cent in March, providing some relief to a new government amid other deteriorating macroeconomic numbers such as retail inflation and industrial output. All three major components of the index - food, fuel and manufactured goods - recorded moderation in inflation on...

-IANS   A bumper wheat crop this season should have brought smiles on the faces of Punjab's hard-working farmers. But a variety of adverse circumstances, including the weather, has left them dispirited. The bumper crop apart, Punjab farmers have been forced to deal with unseasonal rainfall and thunderstorms in recent days with the harvested crop lying in the open in grain markets and agricultural fields getting wet and moisture content in the grains...

-The Hindustan Times   Chandigarh: The government of Punjab has decided to offer a subsidy of 4,000 per acre to motivate farmers to shift from the water-guzzling coarse rice variety (paddy) to the traditional cash crop cotton. In the crop diversification plan, the government has decided to initially support 1,500 acres in Abohar, Fazilka, Malout, Maur and Muktsar. CM Parkash Singh Badal cleared the plan on Monday. The subsidy is for purchasing hybrid...

-The Hindu     Aberrations in monsoon behaviour are not uncommon. What is new is the difficulty in forecasting caused by factors coming under the generic title, ‘Climate change.' Forecasts by the South Asian Climate Outlook Forum and the India Meteorological Department indicate that the south-west monsoon rainfall may be deficient. Also, there is a possibility of the evolution of an El Niño event during June to September. There is a 45 per cent...