-The Business Standard Cabinet decisions on fertiliser are not enough Of the two fertiliser-related decisions taken by the Cabinet Committee on Economic Affairs at its recent meeting, the token hike of Rs 50 per tonne in urea prices is inconsequential, and the new mechanism for subsidising fertiliser is problematic. An increase of less than one per cent in urea prices will do little to bring down the subsidy bill or to reduce...

-Outlook Foodgrains production in 2012-13 will be lower than last year's record output of 257.44 million tonnes but availability would be sufficient to meet domestic demand, Agriculture Minister Sharad Pawar said today. Addressing the Economic Editors Conference, he said the government would make efforts to compensate the projected fall in kharif foodgrains output during the ongoing rabi season. "This year, production will definitely be less than last year. Last year was exceptional year,...

-The Hindu For the fourth time in the past 11 years, India is heading for a ‘meteorological’ drought India is heading for a drought, in meteorological terms, for the fourth time in the past 11 years. The previous droughts during this period were in 2002, 2004 and 2009. A meteorological drought, in the sense that atmospheric scientists typically use the term, occurs when a monsoon ends with nationwide rainfall during the season falling...

-The Indian Express As drought pushes up food prices, India must invest in new irrigation methods The speculation on the delay of the monsoons and below-normal rainfall this year is not new to India. But the drought in the maize belt of the United States — that is, in the Midwest — was unexpected. The impact of the drought will be felt on wheat and soya bean production. This will eventually lead...

-The Economic Times This year's frail monsoon has depleted Indian reservoirs to alarming levels last seen during the devastating drought of 2009, threatening even winter-sown crops and making the country vulnerable to drinking water scarcity by February as India's grossly inadequate storage capacity magnifies the impact of weak rainfall. The situation is precarious because the monsoon has delivered normal rainfall to only one-third of the country. The total deficit so far this...