-Hindustan Times India’s June-September monsoon, the lifeblood of Asia’s third-largest economy, will most likely be “deficient” this year with the met department downgrading its forecast from 93% to 88%, earth sciences minister Harsh Vardhan said on Tuesday. The India Meteorological Department’s (IMD) revision -- which had forecast “below normal” monsoon in April -- will potentially toughen challenges for the Narendra Modi government already battling a farm crisis triggered by unseasonal rains in...
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Explained: Why we need to sharply raise MSP for pulses -Harish Damodaran
-The Indian Express There is no alternative to boosting domestic production, farmers desperately need the incentive, and the country could do with saving on urea. Pulses are once again on the boil, with consumers paying around 50 per cent more for tur (pigeon pea) and urad (black gram) dal than they did a year ago. Even chana (chick pea), which had turned cheaper in the past three years, has seen a 40...
More »Narendra Modi’s Bharat challenge: Low production, dipping income -Harish Damodaran
-The Indian Express Dealing with the farm distress, while simultaneously creating enough non-farm job opportunities, is going to be a tough task. Call it bad luck or otherwise, the Narendra Modi government’s first year in office hasn’t been a really great one for agriculture and rural incomes. To start with, rainfall was deficient in both the south-west (June-September) and the north-east (October-December) monsoon seasons by over 12 per cent and 33 per...
More »DBTL enrolment finally stops with 128.7 million beneficiaries -Sudheer Pal Singh
-Business Standard Plugs Rs 5,060 crore of LPG subsidy parked with 21 million, largely fake customers The enrolment of beneficiaries under the ambitious modified Direct Benefits Transfer for LPG (DBTL) scheme has finally stopped at 128.7 million people, oil ministry, data show. This translates into annual subsidy savings for the government to the tune of Rs 5,060 crore at the current prices that was linked to the rest 21.3 million customers. These include...
More »Farmers see income gains vanish in Narendra Modi’s inflation war -Pratik Parija, Prabhudatta Mishra & Unni Krishnan
-Livemint.com/ Bloomberg Modi is facing resentment among rural households that became accustomed to large wage increases under his predecessor New Delhi: In the wheat fields stretching across northern India, farmers like Dalvir Sharma are starting to turn on Prime Minister Narendra Modi. Sharma, 51, voted for Modi’s Bharatiya Janata Party (BJP) last year after it promised to stem rising prices in the market. Now he’s struggling to pay back a Rs.100,000 loan...
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