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Half of India faces drought with low pre-monsoon rain, heat spell

-Hindustan Times IMD on June 1 said that this year the monsoon rainfall is likely to be “normal” at 96% of the long period average (LPA), and indicated that it would be evenly spread that could bring some respite to people suffering from dry weather conditions. New delhi/ Pune/ Bhopal: Around 43% of the country is staring at a drought, government reports released in the past week show. By June 15, it...

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Good monsoon, govt support could revive rural demand -Ratna Bhushan & Sagar Malviya

-The Economic Times   Forecast of a normal monsoon and extension of PM Kisan scheme likely to boost rural income, say cos.   NEW delhi| MUMBAI: Rural demand for groceries and daily essentials, which showed signs of slowing in the past three quarters, could revive after New delhi extended the assured income support (PMKisan) scheme for farmers. Expectations that rains would be normal this monsoon season should also lift buying power in the...

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'Non-ODF areas 13 times more prone to ground water pollution' -Dipak K Dash

-The Times of India NEW delhi: Villages where people still defecate in open face nearly 13 times higher risk of faecal contamination of ground water as compared to open defecation free (ODF) villages, says a study by United Nations Children’s Fund (UNICEF). The assessment has also found that risk of ground water contamination in Bihar, one of the states which is yet to be declared ODF, is maximum at nearly 36%. The study,...

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Bank Frauds Zoom to Rs 71,500 Crore in 2018-19

-PTI A total of 6,800 cases of fraud were reported by scheduled commercial banks and some financial institutions in last fiscal, the RBI said in an RTI query. New delhi: Over 6,800 cases of bank fraud involving an unprecedented Rs 71,500 crore have been reported in 2018-19, the Reserve Bank of India (RBI) has said. A total of 5,916 such cases were reported by banks in 2017-18 involving Rs 41,167.03 crore, it said. As...

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