-The Hindu Business Line Both the Centre and States need to be prepared for the possibility in peninsular India The bad news is that the met department’s pessimistic monsoon forecast — of it being 7 per cent less than the long-period average (LPA) — is turning out to be right. The monsoon started off with much promise in June, finishing the month with a 16 per cent surplus and kharif sowing doing...

-Business Standard CRISIL Ratings identifies four states and five crops at highest risk to deficient monsoon Within the next 40 days, the southwest monsoon will formally start retracting from the Indian mainland, ending its four-month journey over the country, pounding some parts with excess showers, but could leave almost 30 per cent of the country with deficient or less-than-normal rains, unless there is an abnormal pickup in the coming weeks. That looks highly...

-Livemint.com The two weather agencies have had different forecasts for this year’s monsoon since April For once, the state-run forecaster India Meteorological Department (IMD) and private weather forecaster Skymet Weather Services Pvt. Ltd are on the same page: Rainfall in August will be below normal. The two weather agencies have had different forecasts for this year’s monsoon since April. Recently in August, while IMD reiterated that monsoon this year will be deficient,...

-Deccan Herald India’s food grain output for 2014-15 fell by nearly five per cent owing to poor monsoon and untimely rainfall last year. The Fourth Advance Estimates of production of major crop pegged the farm output at 252.68 million tonnes – about 4.66 per cent lower than that of 2013-14. The farm sector is set for yet another year of low production as the weather office on Monday forecast 12 per cent...

-India Infoline News Service   Mumbai: Efforts at the central and state government level to improve rural infrastructure, food distribution and non-agricultural employment opportunities are credit positive because, if sustained, they are likely to lower the credit challenges that India's vulnerability to drought poses. Moody's Investor's Service says that although India (Baa3 positive) may avoid drought this year, its economy remains vulnerable to future droughts or fluctuations in rainfall, and its sovereign credit...