-Business Standard Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops All signs point to the growing distress in rural areas. The rainfall deficit currently stands at 15 per cent of its long-term average. If the situation persists, this year's monsoon could end up being the worst in nearly three decades, say experts. Poor rainfall has also depleted water reservoirs levels, which is likely to...
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Dismayed farmers, defunct policies -Ashok Gulati
-The Indian Express The Centre needs to wake up. Otherwise India may return to the shortages of the mid-1960s. The cumulative rain deficit in the current monsoon season stood at (-)12 per cent of the long period average (LPA) as on August 27. If the deficit continues at this level till the end of September, the IMD’s forecast would be coming true. Technically, like last year, this would also be a drought...
More »India headed for climatic drought 2nd year on the trot -Sanjeeb Mukherjee
-Business Standard CRISIL Ratings identifies four states and five crops at highest risk to deficient monsoon Within the next 40 days, the southwest monsoon will formally start retracting from the Indian mainland, ending its four-month journey over the country, pounding some parts with excess showers, but could leave almost 30 per cent of the country with deficient or less-than-normal rains, unless there is an abnormal pickup in the coming weeks. That looks highly...
More »Swaminathan MSP: Solution to Agrarian Crisis and Farmers’ Distress? -Ranjit Singh Ghuman
-Economic and Political Weekly Farmers' unions and political parties have been demanding the implementation of the Swaminathan minimum support price (cost plus 50%) to address agrarian crisis and farmers' distress. But they have not raised demands for the implementation of the recommendations of the National Commission on Farmers, which have the potential to provide lasting solutions. Ranjit Singh Ghuman (ghumanrs@yahoo.co.uk) is a Nehru SAIL Chair Professor, Centre for Research in Rural and...
More »India's vulnerability to drought poses credit challenges: Moody's
-India Infoline News Service Mumbai: Efforts at the central and state government level to improve rural infrastructure, food distribution and non-agricultural employment opportunities are credit positive because, if sustained, they are likely to lower the credit challenges that India's vulnerability to drought poses. Moody's Investor's Service says that although India (Baa3 positive) may avoid drought this year, its economy remains vulnerable to future droughts or fluctuations in rainfall, and its sovereign credit...
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