India registered a good 8.5 percent GDP growth in 2010-11 staving off the global impact of recession mainly due to the major recovery in the agriculture sector. The recorded foodgrain production in 2010-11 was the outcome of the initiatives of the state governments, the union government has now acknowledged. It was an innovation's galore to say the least if one takes into consideration the efforts of the 10 states that went...
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Posco faces hurdles in Karnataka too
-The Business Standard The farmers in Halligudi of Mundargi taluk in Gadag district are firm on their stand to not part with their land to make way for the Posco steel plant. They have taken serious exception to industries minister Murugesh Nirani’s claim that farmers had volunteered to hand over land to KIADB in lieu of the compensation amount and employment, President of Mundaragi Taluk Abhivruddhi Horata Vedike Y R Goudar said no...
More »Food inflation eases to 7.78%
-The Times of India Food inflation eased to a six-week low on the back of improved supplies of vegetables and pulses in mid-June but fuel inflation inched up sustaining the price pressures on the economy. Data released by the commerce ministry showed that food inflation slowed to 7.78% in the week to June 18, declining from the previous week's 9.13%. Food inflation has been volatile in the past few months...
More »Delayed rains may hit sowing across West india by Madhvi Sally, Rituraj Tiwari & Jayashree Bhosale
Delayed monsoon rains in Gujarat, Maharashtra and Rajasthan are expected to impact the sowing of key crops such as cotton, groundnut, soybean, moong, urad, tur, seasum and potato. Farmers who had prepared the land in the hope of rains by June 15 are worried. According to the India Meteorological Department , monsoon is likely to remain subdued over the three states. AB Majumdar, deputy director general meteorology, Pune, said, "Rainfall will...
More »Delay in monsoon may spell doom for farmers by Nidhi Nath Srinivas
So it's not going to be a normal monsoon . That's hardly surprising. Indian rainfall is erratic in four out of 10 years. About 80% of our land mass is highly vulnerable to drought, floods and cyclones. 50 million Indians are exposed to drought every year. The agriculture ministry says 68% of India's sown area is subject to drought in varying degrees. Annual average rainfall is 1,160 mm. However, 85% of...
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