-The Times of India NEW DELHI: The government is ready with a contingency plan to deal with below normal rains this monsoon with a series of steps including diesel subsidy for farmers in the rain-deficient districts, crop loans at lower rates and release of foodgrains to deal with a possible shortage. Amid reports of below normal rains, the agriculture ministry presented the plan for 500 districts during a meeting called by Prime...
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Modi faces first challenge: India heading for a drought year -Akash Vashishtha
-Mail Today New Delhi: And this dread scenario could well unfold, with the Met prediction of a below-normal monsoon on Monday being underlined by Earth Sciences Minister Jitendra Singh who admitted that the forecast is of below-average rainfall. Precipitation in the June-September period is expected to be between 90 and 96 per cent of the long-term average, added the minister. What he didn't say was that the India Meteorological Department...
More »A full plate for Modi-Raghuvir Srinivasan
-The Hindu Narendra Modi has to address not just the current stagnation in manufacturing but also look at ways of stimulating investments in the sector Prime Minister-designate Narendra Modi, it is said, sleeps just six hours a day. Even that could become a luxury as he buckles down to his job and begins the challenging task of turning around the economy. The economic legacy handed down to him by the United Progressive...
More »Finance, fertilizers and petroleum ministries to seek subsidy cuts-Sidhartha
-The Times of India NEW DELHI: A swathe of ministries - from finance to fertilizer and petroleum - are going to make a case for a reduction in subsidies before Narendra Modi, a move that will push up your monthly expenditure but is expected to help the government cut wasteful spending and revive investment. Sources said the three ministries are identifying subsidies as a key constraint in their presentations that secretaries will make...
More »WPI inflation eases to 5.2% in April-Vrishti Beniwal
-The Business Standard Food articles inflation dips to 8.64% compared to 9.9% in March Wholesale Price Index-based Inflation fell by 0.5 percentage points to 5.2 per cent in April from 5.7 per cent in March, providing some relief to a new government amid other deteriorating macroeconomic numbers such as retail inflation and industrial output. All three major components of the index - food, fuel and manufactured goods - recorded moderation in inflation on...
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