-PTI PATNA: Taking into account deficient rainfall this year, Bihar government on Wednesday declared 33 out of the 38 districts of state as drought-hit. The decision was taken at a cabinet meeting presided over by chief minister Nitish Kumar. Principal secretary (Cabinet Coordination and Secretariat) Brajesh Mehrotra and the principal secretary ( Disaster Management Department) Vyasji said the decision was taken because of deficient rainfall in these districts at 20 per cent below...

-The Times of India PUNE: The surplus rainfall recorded by the country so far this season has come down to 11% above normal, as on Friday, from the 17% above normal recorded by end-July. The India Meteorological Department (IMD) has attributed the reduced rainfall activity to factors like a continuing absence of an offshore trough along the west coast and a weak monsoon current. "There has been rainfall in most parts of...

-The Business Standard As the southwest monsoon enters the last leg of its four-month journey, 2013 will be remembered as one of the best years in overall quantum and distribution of rainfall across India. More than expected rain so far have pushed up kharif sowing in a big way, which will not only add its bit to gross domestic product (GDP) growth but blunt inflationary pressures. If the intensity is maintained, India...

The declining trend in food price inflation globally may not hold true for inflationary trends faced domestically due to a weakening Indian Rupee vis-a-vis the US Dollar. The recently released FAO Food Price Index (nominal) has shown a declining trend in July for the third consecutive month owing to lower international prices for grains, soy & palm oil, meat, dairy and sugar. (See links below) Based on FAO Food Price...

-Frontline A World Bank report on climate change warns that a warmer world will trap millions in poverty. "Much of the advance of European capitalists and other members of the European ruling class was at the cost of the colonised and enslaved peoples of Africa, Asia and Latin America," says Amiya Kumar Bagchi in his book "Perilous Passage: Mankind and the Global Ascendancy of Capital." Capitalist expansion following the Industrial Revolution involved...