For once, it is a happy farewell to the monsoon. An indulgent rain god, who overstayed for a week to compensate two successive years of drought in Jharkhand, today departed with the golden promise of a bumper winter yield. Weathermen at the Patna Meteorological Office confirmed that the monsoon trough had become weak after October 11, but faded away only today. “The rains have officially withdrawn from Jharkhand. But several parts of...

-The Economic Times   If food inflation seems to be pinching more, it is because vegetable prices barely decline in winters, milk rises through the year and egg prices remain high in summers - all because of rising demand.  Over the years, the seasonal variation in prices has dropped and consumers do not have the option of shifting to cheaper produce to keep daily costs down, says a recent Reserve Bank of India...

-PTI   Wheat production is expected to cross 86 million tonnes to set a new record in the ongoing 2011-12 crop year, boosted by a good monsoon and a likely rise in support prices, Agriculture Minister Sharad Pawar said today.  Wheat production in India, the world's second-largest producer, stood at a record 85.93 million tonnes in the 2010-11 crop year (July-June). Wheat is only grown in the rabi season (winter).  "Indications are that rabi...

Contributory factors: coal shortage, overdrawal by States, early winter and of course, Telangana agitation The country is facing a severe shortage of electricity. Coal shortage in power plants and heavy overdrawal by some States have aggravated the crisis, especially during the festive months. In addition, the setting in of winter has led to a decline in hydro power production. In the South, the Telangana agitation has badly hit power supplies in Andhra...

-Reuters Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after strong monsoon rains and a good crop, but high costs have cast a pall over his preparations for the festive season. Instead of splashing out on gold jewellery, appliances or maybe even a car during the biggest shopping season of the year, 28-year-old Patil must count his rupees after costs of everything from fuel to labour soared while cotton...