-The Indian Express An enduring solution to India’s water woes lies in buffer stocking during monsoon months and release during lean seasons. Till June end this year, the government was worried about how to cope with back-to-back drought. But by the second half of August, the scene changed dramatically and several states were in the spate of floods. In Bihar, more than five million people have been affected and 6,50,000 displaced from...

-Business Standard After a hotter than usual summer, a better monsoon would boost agriculture, rural demand Reserve Bank of India Governor Raghuram Rajan's hopes of a normal monsoon this year - after two back-to-back droughts - to boost rural demand could be fulfilled. Though the summer is expected to be hotter than usual, global and domestic forecasts point to good rains this year. Officials of both the weather department and private forecasters said the...

-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

-IPSNews.net UNITED NATIONS: When the Royal Swedish Academy of Sciences awarded the 2015 Nobel Prize in Economics to Professor Angus Deaton of Princeton University, the accolade had a significant relevance to the United Nations. The Academy bestowed the honour on the British-born Deaton, 69, primarily for his analysis of consumption, poverty and welfare.   Deaton’s research reflects some of the socio-economic issues on the U.N. agenda, including poverty alleviation, economic inequalities, consumption patterns, household...

-Business Standard This is our season of despair. This year, it would seem, the gods have been most unkind to Indian farmers. Early in the year came the weird weather events, like hailstorms and freak and untimely rains that destroyed standing crops. Nobody knew what was happening. After all, each year we witness a natural weather phenomenon called the "western disturbance" - winds that emanate from the Mediterranean and travel eastward...