-The Times of India The Prime Minister's Office (PMO) has sounded an alert over a deficient monsoon, directing ministries to help states facing drought-like situations by operationalizing contingency plans to distribute seeds, augment fodder and power and deal with drinking water shortages. PMO said the monsoon season rainfall is likely to be 92% of the long-term average (LPA), less than the 96% LPA predicted in June that itself was a downgrade from...
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Govt could impose stockholding limits on agri-commodities: Thomas
-The Hindu Business Line The Government may consider imposing stockholding limits on various agri-commodities to curb rising prices. It may also review the export policy on agri-commodities such as sugar and rice in August by which time there will be a clearer picture on the monsoons. “We are reviewing the price situation and are in constant touch with the State Governments. We will also examine the option of imposing stockholding limits on...
More »Monsoon worry mounts, food prices rise sharply-Zia Haq
-The Hindustan Times Despite a pickup in rainfall last week, the southwest monsoon remains in deficit by a significant 22%, almost certainly lowering annual production of grains, pulses and oilseeds, the three crops where sowing has been worst hit. The Met office’s estimate coincided with the release of food inflation data that showed a worrying 10.81% rise in June from a year earlier, up from a 10.74% rise in May, an...
More »Diesel price hike likely after presidential polls
-NDTV India is likely to raise diesel prices after the presidential polls on July 19, an oil ministry official said on Thursday, as the government attempts to cut the amount of money it pays out to keep prices lower. "This has been the thinking for quite some time," that a price rise could come after presidential polls, the official said, requesting anonymity. "It is inevitable. By how much I can't say," he added. The...
More »Indians get pessimistic amid global downturn-Abhijit Patnaik
-The Hindustan Times The rain gods may have brought some cheer to everyone after a scorching summer, but a sense of gloom about the Indian economy appears to be building. A study by US-based Pew Research Centre has found that while just a year ago, 51% people were satisfied with the way things were in the country (and 47% dissatisfied), today, the proportions have reversed — 59% are dissatisfied and only...
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