-Livemint.com In summary, it is hard to escape the macroeconomic consequences of an agriculture shock, notwithstanding fluctuation-smoothing strategies The monsoon forecast, close on the heels of the Reserve Bank of India’s (RBI) monetary policy review, has turned all eyes to the farm sector. If the actual out-turn matches the India Meteorological Department’s (IMD) predictions — seasonal rainfall at 88% of the long-period average (LPA) for 2015 — it would be on...

-The Financial Express The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon. The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon and denied an impending distress in the vulnerable pockets of the country, but a dispassionate look at the ground situation would show there...

-DNA Govt gears up to ring-fence farmers, prices from poor rains India's farm sector shrank for the first time in five years in the year ended March 31, Union agriculture minister Radha Mohan Singh said on Wednesday, a day after the government forecast a likely drought this year that could hit output again. The Met office cut this year's monsoon forecast on an El Nino weather pattern that has raised fears of...

-The Indian Express It can be strengthened —by the collection of taxes at the local level, for instance. Democratic decentralisation, conceived two decades ago, seems to be a lost cause at first sight. Beyond lip service by politicians, neither panchayats nor municipalities have captured the public imagination as viable, responsive, accountable institutions of government. Just after the Karnataka panchayat elections, which ended on June 2, the continued disempowerment of local governments is...

-The Indian Express A tussle is on between El Niño and the Indian Ocean Dipole. Government cannot afford to be a bystander. The Indian Meteorological Department (IMD) has predicted that India will get deficient rains in 2015, likely to be 88 per cent of the long period average (LPA) of 89 cm, which is the average seasonal rain (June-September) received by the country in the 50 years between 1951 and 2000....