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ICAR sees foodgrain output at 270 million tonnes -KV Kurmanath

-The Hindu Business Line Hyderabad: With weathermen forecasting a normal monsoon this time, the Indian Council of Agricultural Research (ICAR) hopes to see a total Foodgrain production of 270 million tonnes (mt) this year. “The IMD predicts a normal monsoon this year and we should be having good rainfall. The Foodgrain production in the country has come down by 10-12 mt in the last two years because of drought,” ICAR Director-General Trilochan...

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Kharif sowing lags as monsoon makes slow progress -Sayantan Bera

-Livemint.com So far, an area of 8.4 million hectares has been sown, nearly 11% lower when compared with the 9.4 million hectares sown by this time last year New Delhi: A slower-than-normal progress of the south-west monsoon has impacted sowing of rain-fed kharif crops, shows data released by the agriculture ministry on Friday. So far, an area of 8.4 million hectares has been sown, nearly 11% lower when compared to 9.4 million...

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Does good monsoon mean big consumption boost? -Mayank Mishra

-Business Standard FY10 was a drought year with a monsoon rainfall deficiency of 22 per cent of the 50-year average, resulting in a seven per cent dip in the total foodgrains production. But, that did not dampen the consumer sentiment as the auto sector grew by 26 per cent, fast-moving consumer goods (FMCG) 25 per cent and the consumer durables sector by 21 per cent. The momentum continued the following year,...

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No plan to tax agricultural income: Govt

-The Times of India New Delhi: Amid predictions of good monsoon rainfall, Union agriculture minister Radha Mohan Singh on Tuesday said the country would definitely see higher Foodgrain production during 2016-17 even as he made it clear that there is no plan to tax agricultural income. While giving his reassurance, he said the Centre will probe if there was any anomaly in the system with regard to undeclared incomes. He said he...

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INDIA FOCUS: Drought and drinking water shortage. More than one-third of India is affected. Click here for info and links.

Situation alarming: More than one-third population hit by drought   The country is facing severe drought for the second consecutive year. Conservative estimates from official sources show that over a quarter of rural habitations are facing drinking water scarcity. Although both India Meteorological Department and Skymet have predicted a more than normal rainfall during June-September, 2016, the water storage available in 91 major reservoirs of the country has declined from 22 percent...

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