-The Economic Times Ashok Gulati, chairman of the Commission for Agricultural Costs and Prices, warns that India will have a record food grain stock of 75 million tonnes by June when wheat procurement for the year would be over. A third of it would be stored in the open, and vulnerable to damage from rain, as covered storage capacity is only 50 million tonnes. If these stocks are not run down...

-IANS The Rajya Sabha Tuesday took up the issue of drought-like situation in several parts of the country, with opposition members demanding immediate action as well as long term plan for tackling this natural calamity. Raising a calling attention motion on the drought-like situation in Karnataka, Bharatiya Janata Party (BJP) leader M. Venkaiah Naidu slammed the government for its "lax" and "insensitive" attitude towards the issue even as crops in Karnataka have...

Last week, the Indian Meteorological Department (IMD) released its first annual monsoon forecast for June-September. Monsoons are likely to be normal with the probability of deficient or excessive monsoons being relatively low, according to IMD. If this prediction comes true, what does this really mean for India's economy? Impact on agricultural output: The first and most important impact is, of course, on agricultural production, especially in the kharif or summer season....

Police investigation of Sanal Edamaraku for debunking a “miracle” at a church is a crime against the Constitution. Early in March, little drops of water began to drip from the feet of the statue of Jesus nailed to the cross on the church of Our Lady of Velankanni, down on to Mumbai's unlovely Irla Road. Hundreds began to flock to the church to collect the holy water in little plastic bottles,...

Faced with stark hint from Trinamool boss Mamata Banerjee that she might act independently of UPA in the presidential poll if her demand for financial relief for West Bengal was not conceded in a "few days", the Centre has scrambled to find ways to organize assistance for debt-stricken state. Officials handling the task now say they can rush relief to Bengal without having to seek a clearance from the Finance Commission....