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Nabard Can Help Weather Rural Financial Distress -Charan Singh

-The New Indian Express The financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the nation as it not only supplies food for consumption but also provides a market for industrial output. The rural people, due to lack of awareness of...

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Govt ready with contingency plan to overcome poor monsoon

-PTI The government on Wednesday said it has put in place a contingency plan for 580 districts to tackle any situation arising out of below-normal monsoon. As per the weather department forecast, monsoon would be below normal this year due to an impact of El NINo. Monsoon rains are expected to arrive on time this year, hitting Kerala on June 1. Last year, the country had received 12 per cent less rains, affecting production...

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Tractor sales: Mirroring the rural distress -Harish Damodaran

-The Indian Express While tractor sales trebled during FY04-14, the last year saw a reversal in the trend with the agri industry facing multiple issues. If there is one indicator capturing the changes that took place in rural India over the past decade, along with the emerging signs of distress in the last year, it is the sales of tractors. Between 2003-04 and 2013-14, domestic tractor sales more than trebled from under...

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Asia braces for El NINo impact -Naveen Thukral

-Livemint.com A strong El NINo will roil economies that are heavily dependent on agriculture, particularly India Singapore: In 2009, the El NINo brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its return this year. A strong El NINo will roil economies that are heavily dependent on agriculture, particularly...

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'On time' prediction for India's monsoon season -Richard Angwin

-Al Jazeera The country's summer rains are due to start on June 1, but they may still leave some farmers disappointed. India’s monsoon rains, upon which the country relies so heavily, are expected to arrive "on time" according to the country’s Meteorological Department (IMD). The arrival of the summer monsoon is monitored very closely in India. Agriculture accounts for 15 percent of gross domestic product (GDP), and it employs some 60 percent of...

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