-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....
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MGNREGA in Drought-Hit States: Work demand rises, but majority wait for additional days -Shalini Nair
-The Indian Express Across the country, wage employment generated under the scheme has gone up from 32 crore person-days in April - May 2015 to 51 crore person-days in the corresponding months of 2016. Signalling an increase in uptake of MGNREGA work on the ground owing to drought as well as the slow revival of the scheme itself, the person-days generated in the first two months of the financial year has gone...
More »India wheat imports seen surging to decade high as supply drops -Pratik Parija
-Livemint.com Imports may total 5 million metric tonnes in 2016-17, the most since 2006-07, according to estimates New Delhi: India may import the most wheat in a decade as output declines in the world’s second-biggest producer. Imports may total 5 million metric tonnes in 2016-17, the most since 2006-07, according to the median estimate of seven traders surveyed by Bloomberg. Production is set to decline 1.8% to 85 million metric tonnes in the...
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 »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,...
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