-The Economic Times PUNE: In a country where about a third of farmland is drought-prone, farmers have started adopting technologies that help mitigate the impact of water scarcity and maximise output with minimum inputs. Micro irrigation is the known technology to save water which has been used successfully by countries like Israel. Despite government subsidy, micro irrigation is not affordable to a large number of farmers. This has led to a widespread...
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Switch from farm subsidy to farm investment-Ashok Gulati
-The Economic Times With a weak monsoon, farmers and farm labour, agri-investors and policy makers, everyone is looking up in the sky and praying for more water to pour. Farm analysts are debating whether this will lead to a drop of 16 million tonnes of foodgrain, as it happened in 2009, or 38 million tonnes, as it did in 2002. NCAER is projecting 20 million tonnes drop in grain production in...
More »Inequality rising in India, shows data on spending-Nitin Sethi
-The Times of India India's growth story is undeniable. But the 68th National Sample Survey Organization's (NSSO) findings seem to reaffirm that the benefits from this boost in the economy have been cornered by the upper crust, while the poorest continue to languish in near destitution. Compared with the previous survey, which was conducted in 2009-10, the monthly expenditure of the poorest 10% population in rural India has risen by only...
More »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...
More »Delayed monsoon powers sales of inverters, batteries-Sarita C Singh
-The Economic Times Sales of inverters and batteries jumped about 30% for the quarter to June, as a delayed monsoon pushed up power consumption in energy-deficient India. Manufacturers of power backup systems say they expect good profits this year, as the increase in sales will offset the rise in input costs due to a weak rupee. The country's largest battery maker Exide Industries said growth was robust despite a 4%-5% rise in prices....
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