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Government rolls out package to deal with poor monsoon

-The Economic Times  The government has stopped short of declaring a drought but rolled out a relief package which includes subsidised diesel for irrigation, funds to ensure drinking water, seed subsidy for resowing crops and augmentation of fodder supply. "The number of rain-deficient districts this year is more than in 2009," said agriculture minister Sharad Pawar after chairing a meeting of the Empowered Group of Ministers (EGoM) on drought. The meteorological department...

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RBI warns of more inflationary pressures from poor rains, MSPs

-PTI Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee. Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates...

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Rains: 2009 ghosts haunt govt, says ‘agriculturally’ better placed

-The Indian Express With the overall rainfall deficiency this monsoon tracing the pattern of 2009, when the country witnessed widespread drought over 350 districts, the government Friday said while the situation was a matter of concern, the news “agriculturally” wasn’t as bad as three years ago in most parts. “As of yesterday, the overall rainfall deficiency stood at 21 per cent. Parts of Karnataka, Maharashtra, Western Rajasthan and Gujarat remain regions of...

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EGoM on drought to meet on Tuesday to review monsoon situation

-PTI The Empowered Group of Ministers (EGoM) on drought will meet on Tuesday to review the monsoon situation, with the sowing of kharif crops, particularly coarse cereals, affected by a deficiency in rains. “I have planned EGoM on drought on coming Tuesday,” Agriculture Minister Sharad Pawar, who was recently made head of the EGoM on drought, told reporters. The EGoM is authorised to review the situation and take ”quick and timely decisions” on...

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Monsoons seeing a repeat of 2009-M Allirajan

-The Times of India COIMBATORE: The rainfall pattern during the current south-west monsoon is similar to 2009 when the country witnessed a drought. The overall rainfall deficiency has been 21.9% below the LPA ( Long Period Average) till July 18, which is similar to the one witnessed in 2009. This has raised the specter of drought in the country this year, observers tracking the agriculture sector have said. A drought year is...

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