-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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MGNREGA in Drought-Hit States: Work demand rises, but majority wait for additional days -Shalini Nair
-The Indian Express Across the country, wage employment generated under the scheme has gone up from 32 crore person-days in April - May 2015 to 51 crore person-days in the corresponding months of 2016. Signalling an increase in uptake of MGNREGA work on the ground owing to drought as well as the slow revival of the scheme itself, the person-days generated in the first two months of the financial year has gone...
More »Good rains likely over north India from June 26: IMD -Sanjeeb Mukherjee
-Business Standard So far, in the southern Peninsula and northwest India, the southwest monsoon is around 15 per cent and three per cent above normal, respectively New Delhi: Northwest Indian states of Uttar Pradesh, Delhi and Punjab might get good rains from June 26 to July 10, the India Meteorological Department (IMD) said on Thursday in its weather update. The southwest monsoon, according to IMD, has been around 18 per cent below normal...
More »How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
More »Rural demand: How much can the monsoon help? -Renu Kohli
-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-Average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...
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