India’s annual monsoon rains should revive in two days after a 10-day lull, the weather office said on Monday, raising hopes for a pick-up in soybean planting in the world’s biggest edible Oils buyer. The June-September rainfall, which irrigates 60% of the country’s farms and drives rural incomes, is vital for the trillion-dollar economy. A healthy rainfall despite the slow progress could help Prime Minister Manmohan Singh tame high double-digit food...

Shortfall in sowing of paddy, pulses and coarse cereals Union Agriculture Ministry officials are keeping their fingers crossed for the southwest monsoon to revive in parts of northern and central India before putting in place a contingency plan for kharif (paddy) sowing. So far there has been a shortfall in sowing of paddy, pulses and coarse cereals compared to last year, which was a drought year, resulting in a kharif output deficit...

The contrast between the disasters, more than a quarter-century and half a world apart, could not be starker. In 1984, a leak of toxic gas at an American company’s Indian subsidiary killed thousands, injured tens of thousands more and left a major city with a toxic waste dump at its heart. The company walked away after paying a $470 million settlement. The company’s American chief executive, arrested while in India, skipped...

India’s annual monsoon rains, key to farm output and economic growth, are expected to be better than previously forecast, raising prospects of good harvests and possibly helping to cool double digit food inflation. The monsoon rains, which deliver 75-90% of the country’s rainfall, were expected at 102% of the long-term average, government officials said on Friday, raising an earlier forecast of 98%. Bountiful rains despite slow progress of the June-September monsoon will...

The Indian government has opted to scrap its subsidy of petrol prices in an effort to cut its budget deficit. Ministers also voted to raise the price of other fuels, including diesel and kerosene gas in an effort to raise money. India's fiscal deficit is forecast to hit 5.5% of GDP by 2010-11. But the move is likely to be politically unpopular, and there are concerns that higher fuel prices will...