-The Economic Times It's not just India that is baking. Globally, this seems to be one of the worst summers in recorded history. The global average temperature for May was the second hottest ever since 1880 - the year records were first compiled -- US National Climatic Data Centre (NCDC) has said. Only 2010 witnessed a worse May.  The NCDC said such a hot May was never recorded in the northern hemisphere.  No...

-IANS The spectre of drought is looming large over Bihar, something that state officials have acknowledged. "If the monsoon fails the state in the first two weeks of July, the situation may be near drought," an official here said. Monsoon normally hits the state between June 12 and June 14. But this year, it was delayed by over a week. Soon after the rains began, they have been scanty. The state has received...

-PTI Monsoons 31% below average up to July 2 The deficient rainfall during last month has affected the sowing of coarse cereals but there is no cause for worry for the paddy crop, Agriculture Minister Sharad Pawar today said. The monsoon rains have been 31% below average up to July 2, Pawar told reporters here. He said the rainfall deficiency has affected sowing of coarse cereals, but situation in paddy is "not worrisome". Till June...

Punjab’s agricultural sector grew at 1.6 per cent during the 11th Plan against the national average of 3.41 per cent. The growth is tardy owing to near saturation in productivity. The rural debts in Punjab are estimated to be Rs 35,000 crore. The number of indebted rural households in Punjab is 66 per cent, third highest in the country after Andhra Pradesh and Tamil Nadu. The Government of India’s debt...

-Live Mint Realized prices for the farm sector continue to soften even though the government has raised the minimum support prices by over 20% Like every year the government has hiked minimum support prices to help the farmers realize good returns in early June, but India’s rural growth story is expected to run out of steam because of falling realizations of farmers and limited policy support, according to a recent report by...