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IIP growth rebounds, retail inflation surges

-The Hindu Electricity sector growth, however, slows to 4.75% in July from 8.19% in June; food inflation at a 14-month high Industrial activity rebounded in July to 4.3% on a broad-based recovery across key sectors such as mining, manufacturing and construction, official data released on Thursday showed. In a separate release, data showed retail inflation rose in August to hit a 10-month high of 3.21% on quickening food price rises. Growth in the Index...

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Crop Diversification, not 'maniacal' river linking, is solution to water crisis: Ex-Planning Commission Member Mihir Shah -Aditya Sharma

-News18.com Calling for reorganisation of the agriculture sector and crop diversification, Mihir Shah said that agriculture must be thought of as an enterprise. Delhi: Incentivising cultivation of water-efficient crops and not “maniacal” river-linking is the need of the hour as the crippling water crisis bears down on India’s agrarian economy, former Planning Commission member and water conservationist Dr Mihir Shah has said. Calling for a reorganisation of the agriculture sector and crop...

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Rice-wheat stocks at record high, govt clueless -Subodh Varma

-Newsclick.in Offtake from the Public Distribution System is stagnating although there are millions who need more food. Cereal stocks of wheat, rice and coarse grains maintained in the so-called central pool hit an all-time high of 742 lakh tonnes in July this year and in August were only slightly lower at 713 lakh tonnes, according to the department of food and public distribution’s monthly bulletin. Compared with 2015, grains stocks have zoomed...

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Agri GDP growth falls: Doubling farmers' income in next 3 years looks a tough task -Rajalakshmi Nirmal

-The Hindu Business Line While production has dropped, it has not been accompanied by a commensurate increase in price Last week, while the CSO released the Q1 GDP numbers, it also showed numbers for agriculture, forestry and fishing as a segment. For the June quarter, this segment’s growth in real terms was 2 per cent, against 5.1 per cent in the same quarter of the previous year. Agri GDP growth has been sliding...

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Despite floods, government eyes record foodgrain output

-The Times of India NEW DELHI: Backed by consistent progress in sowing of kharif crops, the Centre on Monday said it was hopeful of achieving its record foodgrain production target of 291 million tonnes in the 2019-20 crop year (July-June) even as floods in some parts hit the summer crops. It is expected that light rains of short duration, as predicted in subdued monsoon phase in the coming weeks, will prove...

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