-Reuters Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains again in the second half of the June to September season. India, one of the world's largest food producers and consumers with a population of 1.2 billion, last suffered a drought in 2009, which forced it...
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Hybrid seed industry growth may drop due to scanty rains-Tapash Talukdar
-The Economic Times MUMBAI: Scanty rains in cotton-growing regions of Gujarat, Maharashtra and Tamil Nadu have washed away hopes of hybrid seeds growth in the country. The National Seed Association of India (NSAI) is expecting only a single digit growth between 5-7% against its previous estimate of 20% early this year. India's hybrid seed industry, which is pegged at Rs 11,000 crore, grew nearly 15% last year. And cotton seed contributes up...
More »Omnibus national water law on the anvil-Gargi Parsai
-The Hindu In a move that will have far-reaching implications, the Centre has decided to frame a National Water Framework Act with guiding principles on water laws the States may adopt. States that adopt and reform will be incentivised for water projects. That such a law would be made is buried in the pages of the draft new national water policy, which is yet to be considered by the National Water Council,...
More »Inflation, poor monsoon hit consumption in eastern India-Shine Jacob & Nirmalya Behera
-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...
More »Government rolls out package to deal with poor monsoon
-The Economic Times The government has stopped short of declaring a drought but rolled out a relief package which includes subsidised diesel for Irrigation, funds to ensure drinking water, seed subsidy for resowing crops and augmentation of fodder supply. "The number of rain-deficient districts this year is more than in 2009," said agriculture minister Sharad Pawar after chairing a meeting of the Empowered Group of Ministers (EGoM) on drought. The meteorological department...
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