-Livemint.com In summary, it is hard to escape the macroeconomic consequences of an agriculture shock, notwithstanding fluctuation-smoothing strategies The monsoon forecast, close on the heels of the Reserve Bank of India’s (RBI) monetary policy review, has turned all eyes to the farm sector. If the actual out-turn matches the India Meteorological Department’s (IMD) predictions — seasonal rainfall at 88% of the long-period average (LPA) for 2015 — it would be on...
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The Dal Is On The Boil -Lola Nayar
-Outlook Pulses are falling off the poor man’s plate. Price rise may hit the middle class next. Pulses—all-important as a source of protein—are set to be spoilers this year in the government’s endeavour to keep a check on food inflation. Already, over the last nine months, the prices of some pulses have jumped 64 per cent in major cities. This is because of below-normal monsoon last year, compounded by untimely rain and...
More »India's farm output falls for the first time in 5 years amid fears of drought
-DNA Govt gears up to ring-fence farmers, prices from poor rains India's farm sector shrank for the first time in five years in the year ended March 31, Union agriculture minister Radha Mohan Singh said on Wednesday, a day after the government forecast a likely drought this year that could hit output again. The Met office cut this year's monsoon forecast on an El Nino weather pattern that has raised fears of...
More »Prepare for the rainless day -Ashok Gulati & Shweta Saini
-The Indian Express A tussle is on between El Niño and the Indian Ocean Dipole. Government cannot afford to be a bystander. The Indian Meteorological Department (IMD) has predicted that India will get deficient rains in 2015, likely to be 88 per cent of the long period average (LPA) of 89 cm, which is the average seasonal rain (June-September) received by the country in the 50 years between 1951 and 2000....
More »Fight against hunger too slow and uneven -Jomo Kwame Sundaram
-The Hindu The Millennium Development Goal of halving the proportion of chronically undernourished people in developing countries by 2015 is within reach. But progress must accelerate by the end of this year Almost 800 million people, or one in nine in the world, continue to suffer from hunger. The number of hungry people has declined globally by more than 167 million over the last decade, and by more than 200 million since...
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