-The Times of India CHENNAI: Failure of monsoon and farmers' distress have forced the state government to scale down the target for foodgrains production for the next financial year to 100 lakh tonnes, a 32% fall from the initial target set for the current financial year. Announcing this while presenting the budget, finance minister D Jayakumar said a slew of measures was being taken to overcome the water shortage. Considering that...

-The Financial Express Higher output of rice, wheat and pulses to soften retail prices Supported by normal monsoon last year and more than normal kharif and rabi sowing, the country’s foodgrain production in 2016-17 crop year is estimated to increase by 8% from the previous year to record 272 million tonne (mt). According to the second advance estimates of production of major crops — rice, pulses, oilseeds, cotton and sugarcane for the crop...

-The Indian Express According to the agriculture ministry’s second advance estimates of crop production for this year, total foodgrain output will surpass the previous all-time-high of 2013-14. India’s production of foodgrains and oilseeds is expected to hit record levels in 2016-17 on the back of a normal southwest monsoon and a decent winter, which would more than offset the impact, if any, of demonetisation. According to the agriculture ministry’s second advance estimates of...

-The Indian Express The effects of de-monetisation will be the most acute when it spreads from consumption in households to production in factories and by farmers across the country. So far, the effects of Prime Minister Narendra Modi’s ‘de-monetisation’ of existing Rs 500 and Rs 1,000 denomination currency notes have been largely felt by households, shopkeepers and other microenterprises. These economic agents have, to a limited extent, adjusted to the new situation...

-Hindustan Times Mumbai: The 2015-16 drought in Marathwada was caused not by climate change but poor management of water resources, a study conducted by the Indian Institute of Tropical Meteorology-Pune and the Indian Institute of Science-Bengaluru has revealed. The two institutions analysed 145 years of monsoon rainfall data to arrive at the conclusion. While admitting that the region is prone to droughts, the study states that the magnitude of the last drought could...