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Wholesale price index dips in May -TCA Sharad Raghavan & Sanjay Vijayakumar

-The Hindu Food inflation remained positiv, at 3.8 % compared to what it was in May 2014. Wholesale Price Index (WPI) inflation was -2.36 per cent in May, marking the seventh consecutive month in which it has been negative, compared to -2.65 per cent in April. Food inflation remained positive, at 3.8 per cent compared to what it was in May 2014. However, the consensus among analysts is that this will not...

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Weather department downgrades monsoon forecast to 88%, stokes drought fears; govt 'prays'

-Hindustan Times India’s June-September monsoon, the lifeblood of Asia’s third-largest economy, will most likely be “deficient” this year with the met department downgrading its forecast from 93% to 88%, earth sciences minister Harsh Vardhan said on Tuesday.   The India Meteorological Department’s (IMD) revision -- which had forecast “below normal” monsoon in April -- will potentially toughen challenges for the Narendra Modi government already battling a farm crisis triggered by unseasonal rains in...

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Woes of the farmer -Jaydev Jana

-The Statesman Agriculture is the source of livelihood for nearly 700 million people in India, representing a huge workforce. More than half the GDP of the rural economy is based on agriculture. It is not just a profession but a traditional occupation, a way of life. Agriculture is characterised by small and fragmented land holdings. Small (up to one hectare of land) and marginal (more than one ha and up to 2...

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India’s vast, rich forests could feed the world -Prasun Sonwalkar

-Hindustan Times London: With the global population expected to touch 9 billion by 2050, food from forests in India and elsewhere have potential to address needs of nutrition and food security at a time when the limits of boosting agricultural production are becoming increasingly clear. A new report produced by an international panel led by Bhaskar Vira, an expert based at the University of Cambridge, says that  despite impressive productivity increases, there...

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MGNREGA failure adds to Vidarbha’s suicide woes -Kavitha Iyer

-The Indian Express Mumbai: Despite MGNREGA’s rich possibilities, Kumar notes that the Maharashtra government has slashed allocations under it to Rs 800 crore in 2014-15. Even as it stares at unprecedented crop loss from back-to-back droughts followed by untimely rains/hailstorms, Maharashtra has seemingly given the short shrift to MGNREGA, which could have gone some way in mitigating the current crisis. And significantly, its potential has been least leveraged in Vidarbha, the region...

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