-The Hindu Business Line New Delhi: Sowing of kharif crops slowed down further in the third week of June, despite considerable progress in monsoon rains, with the total area sown falling by almost 24 per cent to 124.94 lakh hectares (lh) compared with 164.10 lh at this time last year. States have reported that till June 24, rice has been sown/transplanted on 19.86 lh (21.86 lh), pulses on 9.66 lh (12.19 lh)...
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How to combat food price rise before its too late -Lekha Chakraborty and Pinaki Chakraborty
-The Financial Express Persistence of high food inflation can harden the monetary policy stance and make fiscal choices difficult Food inflation increased to 7.9% in May 2016 as against 4.23% in April. This sudden spurt in food inflation is attributed to vegetable prices, followed by pulses and sugar. Is this a short-term spike or will it be a persistent one? If it is going to be a persistent one with pass-through effects,...
More »Kharif sowing lags as monsoon makes slow progress -Sayantan Bera
-Livemint.com So far, an area of 8.4 million hectares has been sown, nearly 11% lower when compared with the 9.4 million hectares sown by this time last year New Delhi: A slower-than-normal progress of the south-west monsoon has impacted sowing of rain-fed kharif crops, shows data released by the agriculture ministry on Friday. So far, an area of 8.4 million hectares has been sown, nearly 11% lower when compared to 9.4 million...
More »The bitter tales of Shamli’s Sugarcane farmers: ‘Netas talk palayan (exodus), our issue bhugtan (payment)’ -Harish Damodaran
-The Indian Express Even though Shamli tops in Sugarcane production, there is nearly Rs 300 crore dues for district farmers. Shamli/ Kairana: Mohkam Singh supplied 22 buffalo carts of cane, each laden with 18 quintals, to the sugar mill at Shamli belonging to Sir Shadi Lal Enterprises Ltd in the 2015-16 crushing season. These 400 quintals should have fetched about Rs 1.12 lakh at the Uttar Pradesh government’s state advised price (SAP)...
More »Does good monsoon mean big consumption boost? -Mayank Mishra
-Business Standard FY10 was a drought year with a monsoon rainfall deficiency of 22 per cent of the 50-year average, resulting in a seven per cent dip in the total foodgrains production. But, that did not dampen the consumer sentiment as the auto sector grew by 26 per cent, fast-moving consumer goods (FMCG) 25 per cent and the consumer durables sector by 21 per cent. The momentum continued the following year,...
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