-The Hindu Business Line The IMD should be conferred autonomous status so that it functions along professional lines, without worrying about political correctness. Given how awry its forecasts in the last couple of years had gone, one can be forgiven for being cynical about the India Meteorological Department's (IMD) prognosis of a ‘normal' South-West monsoon this time. The country's official weather agency has predicted nationwide rainfall during the four-month monsoon season...

-The Times of India The Manmohan Singh government's mission in a pre-election year seems cut out: To check and roll back retail food inflation that rose from 4% in January last year to 13% in December, a trend that could blight its 2014 poll ratings. With food prices accounting for half of overall inflation, this group stayed above 10% most of last year, higher than the overall consumer price index figure of...

-The Hindu After a record run in two consecutive years, foodgrains production is likely to decline this year owing to the deficient southwest monsoon during the 2012-13 kharif season. This adversely impacted the output of pulses, coarse cereals and oilseeds, with a bearing on their price levels. But what may bring down the overall output is the slightly lower area sown under rabi wheat, rice, coarse cereals and minor oilseeds. The crops...

-The Indian Express The national water framework law proposed by the Union government could not be more timely. Even as the onerous task of persuading state governments to accept the idea remains unfinished, the proposed framework, as an overarching statement of general principles that lays down the broad contours within which the Centre, the states and the local bodies can exercise their respective powers on exploiting water, is a comprehensive step...

-PTI Economic prosperity is fuelling food inflation in the country, Chief Economic Adviser Raghuram Rajan today said while making a case for increasing productivity to fight price rise. In his first media interaction after assuming charge, Rajan justified the diesel price hike saying there is a need to link domestic fuel prices with international rates to curb fiscal deficit. "One of the concerns of the last few years has been food inflation, which...