-The Indian Express ONE of the late R.K. Laxman's best cartoons from the mid-1960's portrays a smiling food minister looking out of a window at a heavy Monsoon downpour saying, "This year we can tell the Americans to go to hell." Fifty years ago, a good Monsoon meant that that year, India was not dependent on food aid and wouldn't have to go hat in hand to the Americans for food...
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Slowdown in rural wages not a temporary phenomenon -Ishan Bakshi
-Business Standard While the revised estimates of the gross domestic product (GDP) suggest the Indian economy turned the corner in 2013-14, concerns remain over the durability of this nascent recovery. Particularly worrying is the recent slowdown in rural wage growth, which signals a weakening of rural demand. Growth in rural wages, which had averaged 18 per cent in the previous few years, fell to less than five per cent in September...
More »Spurt in vegetable prices next month may be spoiler for inflation, warns RBI
-PTI Mumbai: Seasonal spurt in vegetable prices next month could partly reverse the benefits of low global oil prices reducing inflation and increasing disposable incomes, the Reserve Bank of India (RBI) warned on Tuesday. "The sharp reduction in oil prices as well as in inflation is likely to increase personal disposable incomes and improve domestic demand conditions in the year ahead," the central bank said in its monetary policy document. Inflation, excluding food...
More »Drought hits 90 lakhs farmers in Maharashtra -Priyanka Kakodkar
-The Times of India MUMBAI: Nearly 90 lakh farmers in Maharashtra have been impacted by the drought that has devastated the kharif crop, official data shows. The figure is almost on a par with the population of Sweden. Maharashtra is already known for its farm crisis and reports the highest number of farmer's suicides in the country. The drought - brought on by a delayed and inadequate Monsoon - is set to...
More »Air pollution hits crops more than climate change -Sandhya Sekar
-Scidev.net * Black carbon and ozone in the atmosphere may cause India's wheat and rice crops to decline * Black carbon interferes with radiation reaching the earth while ozone is toxic to plants * Crop yield decline from pollutants may not be as large as projected by model THIRUVANANTHAPURAM: Atmospheric pollutants may impact India's major crops like wheat and rice more than temperature rise, says a new study based on a ‘regression model'...
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