-PTI IMD has forecast better than normal Southwest Monsoon for the year With pulses inflation high at 34%, a better monsoon would reduce price pressure in lentils and in turn food inflation, a latest report has said. Southwest Monsoon rains were lower by 16% as on yesterday. While June could still end with a marginal deficit, if rainfall remains adequate as forecast in July and August, it could provide much-needed support for growth...
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India hopeful of long-term pulses supply from Mozambique
-PTI New Delhi: Under pressure to control pulses prices, the Centre is hopeful of clinching a long-term deal with Mozambique for assured supply of lentils after the two countries had positive talks last week. Indian delegations last week visited pulses growing nations, Mozambique and Myanmar, to explore government-to- government arrangement for assured supply of lentils, especially tur, on a long term basis. "The delegation is back with long term solution in sight. The...
More »When life gives you tomatoes -Rahi Gaikwad
-The Hindu With crops hit by drought and the TO-1057 seed, our reporter visits Narayangaon, among the country’s largest tomato growing regions, and finds farmers struggling to cope with the failed harvest but still faithful to the fruit Last week, the grey rain clouds over the Sahyadris seemed full of promise. A few light showers, and colour was slowly returning to parched leaves and the dry earth was beginning to yield again....
More »Rural demand: How much can the monsoon help? -Renu Kohli
-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...
More »Govt team leaves for Mozambique to explore pulses imports
-The Hindu Business Line New Delhi: To tackle the rising prices of pulses and check its shortage, a high-level government delegation on Tuesday left for Mozambique to explore import options. A Central team is already in Myanmar for the same purpose. The delegation, led by Hem Pande, Secretary, Consumer Affairs, also consists of senior officials from the Ministries of Commerce, Agriculture and MMTC and will explore short- and long-term measures to import...
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