-IANS BANGALORE: Karnataka is facing a drought and water levels in reservoirs across the Cauvery river basin have dropped due to deficit rains, a Central Water Commission (CWC) official said on Saturday. "I have realised that there is drought in Karnataka due to deficit rainfall and water levels in the reservoirs of Cauvery are lower than last year due to a weak monsoon," CWC member KC Jacob told reporters here. Assuring the state...
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Agriculture back in focus as growth estimate gets downgraded by banks like Morgan Stanley, Standard Chartered-Gayatri Nayak
-The Economic Times When the country was growing at more than 8 per cent for about a decade, services and manufacturing were the darlings of policy-makers, investors and talking heads. Agriculture, a segment that employs nearly half the hundred crore population of the country, was hardly mentioned even in passing. This year, thanks to a poor monsoon, suddenly the farmers are the centre of India's growth story, or the lack of...
More »Likely drop in food output to keep prices high -Zia Haq
-The Hindustan Times Indian households, already paying more for food, could see prices remain high because of a likely fall in farm output, despite an abating drought. Although the monsoon has improved to be only 8% below average until September 12, production of pulses, cereals and sugar is likely to decline from last year's levels, when India posted a record harvest. "Although stocks are plentiful now, prices remain a real cause of concern...
More »Bill for land gives true value -Mihir Shah
-The Hindu The draft law on acquisition strikes a balance between development and justice for those who will be displaced in the process India is a rapidly industrialising economy and society with intense demands for better infrastructure from its people. The last 20 years have seen a great acceleration in this process, with India becoming one of the world’s fastest growing economies. However, for those whose lands were acquired for these purposes...
More »India's water reserviors at 65% of capacity: Government
-Reuters Water levels in India's main reservoirs were at 65 per cent of capacity in the week to September 6, down 14 per centage points from a year ago, reflecting this year's weak monsoon, government data issued late on Thursday showed. The latest level was one per centage point higher than the 10-year average for the week. It was 4 per centage points higher than the previous week as the monsoon rains...
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