-Mail Today India is staring at the spectre of a possible drought as the progress of the monsoon has been abysmally slow, with authorities saying cumulative rainfall across the country has been 45 per cent below the average for this period. Reason: the El Nino effect is adversely affecting this year's monsoon, say weather experts. The India Meteorological Department (IMD), in its latest report, has highlighted the weak and delayed onset of...
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Centre braces for sub-normal rains -Vishwa Mohan & Rajeev Deshpande
-The Times of India NEW DELHI: The Narendra Modi government officially acknowledged that it is gearing for its first big test with the Met downgrading its monsoon forecast from 95% to a likely 93% of the long period average rainfall. "The government is alert about the possibility of a subnormal monsoon this year and contingency plans are being prepared," President Pranab Mukherjee said in his address to Parliament on Monday. The official word...
More »Sowing Revolution -Milind Wani
-Himal South Asian Agroecology as an alternative to India's failed agrarian system. Last September, inflation, as indicated by the wholesale price index, rose to a seven-month high of 6.46 percent. Food inflation was at 18.4 percent, and was led by skyrocketing onion prices, which increased by a whopping 323 percent. While the Union Minister for Agriculture, Sharad Pawar, ascribed the phenomenon to nothing more than a seasonal shortage, practices such as...
More »The loud cries of farmers' widows have been lost in the din of the Narendra Modi coronation-Devinder Sharma
-DNA In the midst of the euphoria in the capital markets, after a strong mandate for Narendra Modi, the loud cries of wailing farm widows have been lost in the noise and cacophony that followed. To my mind, this is the biggest policy paralysis that afflicts the country. So when I heard Modi speak at the Central Hall of Parliament the other day: "Ours will be a government that thinks, works and...
More »World economy to strengthen as job growth remains ‘stubborn’ –UN report
-The United Nations The global economy is expected to strengthen over the next two years, despite a downgrade of growth prospects for some developing countries and transition economies, and "stubbornly slow" job growth, according to the United Nations World Economic Situation and Prospects 2014 mid-year update launched today in New York. "More than five years after the financial crisis, the world continues to struggle with getting the global economic engine back to...
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