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Inflation, poor monsoon hit consumption in eastern India-Shine Jacob & Nirmalya Behera

-The Business Standard Consumers say they cannot buy branded FMCG items in mobile phones, customers opt for low-end handsets while retaining brand loyalty Last year, Ashok Das, a farmer-cum-fisherman from the small industrial town of Rishra in the Hooghly district of West Bengal, had promised his younger son a branded television. But last year’s bad crop output and this season’s deficient monsoon made him change his plans and finally settle on a...

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Government rolls out package to deal with poor monsoon

-The Economic Times  The government has stopped short of declaring a drought but rolled out a relief package which includes subsidised diesel for irrigation, funds to ensure drinking water, seed subsidy for resowing crops and augmentation of fodder supply. "The number of rain-deficient districts this year is more than in 2009," said agriculture minister Sharad Pawar after chairing a meeting of the Empowered Group of Ministers (EGoM) on drought. The meteorological department...

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Jharkhand offers Rs.410 crore relief package to farmers

-IANS In view of the looming drought situation in Jharkhand, the state government has announced a Rs.410 crore relief package for farmers, an official said Monday. The decision was taken at a meeting chaired by Chief Minister Arjun Munda Sunday. The special package for farmers includes Rs.600 per acre for diesel subsidy and interest free loans, among other measures. "From the package, Rs.240 crore will be for interest free loans, Rs.150 crore for diesel...

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Geared up to face drought situation, says Centre

-The Indian Express The government on Friday said the spectre of drought over a few states and the likelihood of a lower rainfall pattern this year should not be a concern for a “panicky situation” as it is geared up to face the situation with enough stocks of foodgrains and sugar. Last year the production of both foodgrains and sugar had overshot the estimate leaving the government with adequate resources for the...

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‘Allow use of endosulfan except in Kerala and Karnataka’-J Venkatesan

-The Hindu The Centre has asked the Supreme Court to allow the use of pesticide endosulfan in all States except Kerala and Karnataka, as these States are ready to use it for agricultural pest control. The Supreme Court in May last year banned the production and sale of endolsulfan in the country. In April this year, it asked the Centre to ascertain the quantity of raw material lying with three companies (producers...

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