-Business Standard A monsoon deficit is likely to affect the agriculture output, which could have an impact on the food inflation The sharp fall in inflation over the past few months has raised the clamour for interest rate cuts. With the Consumer Price Index (CPI) falling to 5.5 per cent in October from 6.5 per cent a month ago, which is below the central bank's target of six per cent by January...
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Agri-commodities show early signs of price rebound -Dilip Kumar Jha
-The Business Standard Wholesale prices of edible oils have risen 40% since Oct 15; pulses and wheat have surged 4.62% and 8.33%, respectively These could still be early signs, but it appears the breather on food inflation that India has been enjoying for some time is going to end. Following a sharp reduction in production estimates, prices of key agricultural commodities have risen over the past three weeks. According to data from the...
More »India’s groundwater drops to critical levels -Neeta Lal
-The Third Pole Cities and villages in India will soon run out of potable water if current trends continue, warns senior water official India's groundwater tables are plunging at an alarming rate with reserves in some states dwindling to critical levels, according to the latest report from the Central Ground Water Board (CGWB) - the apex body under the Ministry of Water Resources. Over 16% of the country's groundwater resources are ‘over-exploited' -...
More »Still parched
-The Indian Express The four-month monsoon season ended last week leaving a deficit of 12 per cent. The authorities have called it a below-normal monsoon and the worst in the past five years, but skim the data and the picture seems even more sobering. Nearly one-third of the 36 met divisions in the country have received deficient rainfall, with Haryana, Punjab and Uttar Pradesh - which are major agriculture regions -...
More »Agricultural output may hit record low due to poor rains -Akash Vashishtha
-Business Today India's agricultural output this year is expected to be lower than in recent years because of delayed and deficient rainfall and lesser sown area, the government has said. Erratic rains and dry spells in several parts of the country have impacted the production of crops. Due to coverage of lesser area and low productivity, the production of most crops is expected to be lower than the record levels achieved last...
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