-Livemint.com Drought declaration can provide farmers relief through compensation for crop damage and restructuring of loans New Delhi: Even though the monsoon ended with a 14% rainfall deficit, with nearly half the country’s districts facing a shortage of over 20%, states are delaying declaring a drought that could provide immediate relief to farmers by compensating for crop damage and restructuring farm loans. The June-September monsoon, which irrigates over half the country’s farm...

-Hindustan Times When Prime Minister Narendra Modi met some prominent billionaires last month, seeking quicker job-creation and investments, many industrialists complained that falling rural demand for goods was rocking their boats too. Incomes of India’s 833 million mostly poor rural population – a huge market for all kinds of goods – are barely rising and it is a cause for worry. Farming contributes just 15% of India’s $2 trillion economy, but half...

-Livemint.com Amid all the gloom, the lower inflation rate and commodity prices could bring some respite With the southwest monsoon retracing, concerns about the deficiency of rainfall and its impact on the economy are increasing. The 15% rainfall deficit makes it the second consecutive year of less-than-normal monsoon dotted with some unseasonal showers. Together, this would have multiple ramifications on economic growth. Both macroeconomic and sectoral analysts have turned cautious and some...

-The Financial Express Two years of bad rain makes even Punjab vulnerable When a Punjab is flagged as an area of some risk following bad rain, it is time to get seriously worried. The state may have, as ratings agency Crisil points out in its latest report on Indian agriculture, as much as 98.8% of its cropped area under irrigation, but with a 50.4% shortfall in rain last year and a likely...

-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...