-Livemint.com India has so far received 5% lower rainfall, compared with the long period average, since the onset of the June-to-September monsoon India has so far received 5% lower rainfall, compared with the long period average (LPA), since the onset of the June-to-September monsoon. Around 86% of India has received normal to excess rainfall while 14% still faces a deficit. The India Meteorology Department (IMD) in June forecast that seasonal rainfall is likely...
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Record increase in sown area under pulses during kharif 2016-17, shows latest data
A fall in the rate of inflation (on point to point basis) in Consumer Food Price Index (CFPI) from 8.35 percent in July to 5.91 percent in August this year is indicative of the positive developments that has taken place during recent months in the agricultural sector, which is expected to further cool off food prices in the near future. A document from the Ministry of Agriculture and Farmers Welfare...
More »IMD gets its August forecast wrong -Jacob Koshy
-The Hindu 8.5 % less rain than normal against prediction of excess. The India Meteorological Department (IMD) has erred on its forecast for monsoon rain in August. In June, it said that India would get more rain than it usually did but as of August 31, the country got significantly less — or 8.5 % less rain — than what’s normal for the month, according to the IMD website. While this wouldn’t affect...
More »Keep a watch on food inflation
-The Hindu The latest inflation readings based on the Wholesale Price Index and the Consumer Price Index are a cause for concern. While the annual gain in wholesale prices hit a 23-month high of 3.55 per cent in July, retail inflation quickened past the Centre’s new Monetary Policy Framework’s upper limit for tolerance to 6.07 per cent. Food costs — a key component in both indices — were the main culprit....
More »Monsoon enters weak phase in most parts -Sanjeeb Mukherjee
-Business Standard Meteorologists said the slump could push the cumulative monsoon into the negative zone for the first time New Delhi: The southwest monsoon, which has had a stupendous run so far in 2016, has entered a weak phase for the first time since it gathered steam in July over most parts of the country. Eastern, northeastern India and parts of central India have been spared from this lull, which might continue...
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