-The Financial Express The recent spell of unseasonable rains and hailstorms in a clutch of northern states haven’t had any major adverse impact on the rabi crop being harvested, officials claimed, based on field reports. The agriculture ministry has been expecting all-time high foodgrain production of 277.5 million tonnes in 2017-18 crop year (July-June) on good distribution of monsoon rainfall last year, even though pan-India rains were just 95% of the...
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Monsoon forecast lifts up mood: As agri shines, will it rain returns for these stocks?
-The Financial Express After private weather forecaster Skymet on Wednesday predicted normal monsoons In India, research firm HSBC says that it will provide a boost to the agricultural sector. Interestingly, Skymet has forecast a a 20% chance of above normal monsoon, and a 5% probability of excess rain in 2018-19. HSBC notes that the agriculture sector is slated to benefit from it, as 70% of the total rainfall is attributable to...
More »Private forecaster sees monsoon above normal this year -Vinson Kurian
-The Hindu Business Line WRMS forecasts deficit rains for Rajasthan and Tamil Nadu Thiruvananthapuram: In what is seen as the first official outlook for year 2018 monsoon, private forecaster Weather Risk Management Services (WRMS) has said that the June-September rainfall would be largely on the ‘positive side of normal’ (normal to above normal). The forecast comes in the backdrop of a season that flattered to deceive in the just past year, recording only...
More »Is Narendra Modi's crop insurance scheme running aground? -Sayantan Bera
-Livemint.com The number of farmers covered under prime minister’s crop insurance scheme fell to 47.9 million in 2017-18, from a high of 57.5 million the year before, a sharp decline of 17% in just a year New Delhi: Despite the centre pumping more funds into its flagship crop insurance scheme, coverage among farmers is on the decline, according to figures released on Tuesday, indicating a decline in interest among farmers. The number of...
More »India got just 33% of Normal Rainfall this winter -Amit Bhattacharya
-The Times of India NEW DELHI: The country received just over a third of its Normal Rainfall this winter, leaving a 63% deficit in January and February that raises the spectre of water scarcity in the coming summer ahead of the monsoon. Of particular concern will be the large rain and snowfall deficits in the hill states of J&K, Himachal Pradesh and Uttarakhand, which feed rivers flowing into the plains of north...
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