-The Times of India Though El Nino concerns still loom large over the coming month, August has been wetter than expected. Rains in the last 16 days have lashed the parched fields of most parts of the country, especially the northern and western parts which were reeling under acute rain deficiency. More rains have recharged depleted reservoirs. Water level in 84 main reservoirs is at 51% of the full reservoir level, equalling...
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PMEAC Estimates 0.5% Farm Growth for 2012-13
-PTI Prime Minister's Economic Advisory Council today said poor monsoon is likely to pull down farm sector growth rate to 0.5 per cent in the current financial year, a projection that is even lower than in 2009-10 when monsoon was the worst in 28 years. The growth in the agriculture sector was one per cent in 2009-10 when production had fallen by 16 million tonnes due to poor monsoon. As many as...
More »Six sent to jail for embezzling rural job scheme funds
-Deccan Herald First conviction in rajasthan for MGNREGS anomalies In the first ever conviction in the state for fudging MGNREGA works, a lower court in Beawar in Ajmer has sentenced four persons to seven years in jail with a fine of Rs 50,000 each and two others for three years with a fine of Rs 10,000 each. These persons were accused of anomalies of about Rs 1.41 crore in the operation of Mahatma Gandhi...
More »Deficient monsoon to add to food, non-food inflation: CMIE
-PTI The monsoon rains, which have been deficient by about 21 per cent this season, are likely to spur prices of food and non-food articles, economic think tank CMIE has said. "We expect the South-West monsoon to remain deficient and the major crop production to decline by 2.3 per cent. This decline in output of major crops is expected to add to the already high inflation seen in food articles," the Centre...
More »Army officers involved in arms racket, Supreme Court told-Dhananjay Mahapatra
-The Times of India Months after the Army punished 73 officers for illegal sale of their non-service weapons to arms dealers in rajasthan's border districts, the Supreme Court was told on Monday that Army units deputed in Jammu and Kashmir were found to be involved in 104 cases of sale purchase of weapons of various types. The Army was forced to take action against its officers after the Supreme Court raised security...
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