-Reuters Monsoon rains continued below average in the past week, the weather office said today, keeping much of India's rain-fed areas still thirsty halfway through the June to September season. Monsoon rains were 20% below average in the week to July 25 after a 22% shortfall the previous week. But the rains improved over rice and soybean growing areas of eastern and central India, data published on the weather office's website showed. A GoM...

-The Indian Express From Nariman Point to Tirupur, from broking firms to ancillary industries — as a two-part series in this newspaper has illustrated — the economy is seeing a steady contraction in employment opportunities. The economic and social cost is sobering but the UPA should also worry about the political implications. Lakhs of jobs are being lost when India is heading for a general election that could be decided primarily...

-The Telegraph The poor rainfall performance is likely to impact India’s rice yield this year, a senior agrometeorology scientist said today amid growing concerns over the rainfall deficit persisting 45 days into the monsoon season. Rainfall activity over the past week has reduced India’s land area under rain stress from 82 per cent on July 7 to 59 per cent today, but the cumulative rainfall is still 21 per cent below normal,...

-The Times of India GUWAHATI: Assam is no stranger to floods. But this deluge is the worst it has seen in many years. The first wave of floods—from April to Juneclaimed 126 lives. More than 700 animals in Kaziranga National Park and elsewhere have died. Fears of a second wave hitting soon loom large. The annual devastation comes in multiple waves in Assam—three to four—starting from April. According to the state disaster...

The NAC lies defanged; the markets leap for joy at Manmohan’s & Co’s charge of a ‘new’ economy How swiftly things change. Just a month ago, the great Indian growth story was being written off. Now, the “new economy”, run by the PM-cum-FM, will sift through the rubble of under-seven per cent growth, find the hidden springs of recovery and throw in some reforms for good measure. A top taxman says...