-The Times of India The Prime Minister's Office (PMO) has sounded an alert over a deficient monsoon, directing ministries to help states facing drought-like situations by operationalizing contingency plans to distribute seeds, augment fodder and power and deal with drinking water shortages. PMO said the monsoon season rainfall is likely to be 92% of the long-term average (LPA), less than the 96% LPA predicted in June that itself was a downgrade from...

-The Hindustan Times Prime Minister Manmohan Singh has directed key ministries to coordinate with states to manage the crisis arising out of the weak monsoon this year. Rains continue to be 22% deficient. India’s monsoon deficit could crimp food output and hit farm income, which supports a third of the population, hiking inflation risk. “The Prime Minister has been apprised of the situation. He has directed all the departments and ministries to coordinate...

-The Hindustan Times Prime Minister Manmohan Singh has directed key ministries to coordinate with states to manage the crisis arising out of the weak monsoon this year. Rains continue to be 22% deficient. India’s monsoon deficit could crimp food output and hit farm income, which supports a third of the population, hiking inflation risk. “The Prime Minister has been apprised of the situation. He has directed all the departments and ministries to coordinate...

-The Business Standard At a time when food inflation is on the upswing, an International Monetary Fund (IMF) working paper suggests it may not be as worrisome a factor, at least in rural areas. The paper says the rate of price rise in food items leads to lower income inequality in rural India. The reason is pretty simple: rural areas comprise food producers as well. Also, non-food inflation results in higher income inequality...

-Live Mint There is no dearth of advisors for a government considered to be in the grip of a policy paralysis and whose prime minister is dubbed an “underachiever”. In this season of India-bashing, US President Barack Obama spared some time from his election campaign and offered some pearly words of wisdom on the Indian economy. This came at a time when in his own backyard, thousands of people marched in...