-The Hindu This year, not only did the monsoon reach India a few days late but its progress thereafter has been alarmingly lackadaisical. While Assam has been deluged and is reeling from the resulting floods, over 85 per cent of the country is suffering from far too little rain. The result is that the nationwide rainfall deficit stood at a grim 29 per cent at the end of June. Rainfall data...

Weak performance of monsoon this year has led the government to anticipate a significant increase in demand for work under its flagship ruralemployment guarantee scheme. The rural development ministry has asked all states to prepare contingency plans and review their estimates of work demand under Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The move is an indication that the Centre is not very certain of monsoon catching up in the...

-PTI India’s monsoon, vital for Asia’s third-largest economy, has been 22% deficient till June 26, official data showed, adding to the government’s worries and prompting Prime Minister Manmohan Singh to consult key aides on measures to tone up the economy on Wednesday. In a revised forecast, the Met department predicted the rains would be 96% of the long-term average, lower than its April forecast of 99%. Rainfall is considered normal if...

-Reuters Inflation may have accelerated at its fastest pace this year in May, driven by higher food and fuel prices, impeding chances of a rate cut by the central bank at its review next week, a Reuters poll showed. The wholesale price index, India's main inflation gauge, is expected to rise 7.60 percent in May versus a year ago, compared with April's 7.23 percent, the poll of 31 analysts showed. Forecasts ranged from...

The odds of an El Nino phenomenon developing in July through September and potentially affecting the Indian monsoon are dead-even at 50-50, offering hope that India's agriculture and economy may yet escape a crippling blow.  A stuttering economy has seen heightened attention on the Pacific warming, known to disrupt the southwest monsoon, as poor rains this year can be a further brake on growth, jeopardizing bonus farm production recorded in recent...