-PTI Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm Crops and the falling rupee. Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates...
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Government issues advisories as rain concerns rise-Jacob P Koshy
-LIve Mint A day ahead of a crucial ministerial meeting to review India’s severe rainfall deficiency, the agriculture ministry has unveiled a district-level plan of action that primarily consists of advisories on the kind of seeds to be sown, altered sowing plans and the conservative use of water. According to the department’s website, advisories have been issued to Andhra Pradesh, Maharashtra, Orissa, Uttar Pradesh, Karnataka, Punjab, Haryana, Rajasthan, Tamil Nadu, Gujarat, West...
More »Farmers increasingly using weather insurance to mitigate risks from climate change-Rituraj Tiwari
-The Economic Times NEW DELHI: More farmers are using weather insurance to mitigate risks from climate change. Top two weather insurers -- Agricultural Insurance Corporation (AIC) and ICICI Lombard -- say business is growing at 25% annually and now covers more than 200 districts across 21 states. "The growth has been so spectacular over the past five years that as many as 12 million farmers, growing Crops on over 15 million hectares...
More »Jharkhand offers Rs.410 crore relief package to farmers
-IANS In view of the looming drought situation in Jharkhand, the state government has announced a Rs.410 crore relief package for farmers, an official said Monday. The decision was taken at a meeting chaired by Chief Minister Arjun Munda Sunday. The special package for farmers includes Rs.600 per acre for diesel subsidy and interest free loans, among other measures. "From the package, Rs.240 crore will be for interest free loans, Rs.150 crore for diesel...
More »Monsoons seeing a repeat of 2009-M Allirajan
-The Times of India COIMBATORE: The rainfall pattern during the current south-west monsoon is similar to 2009 when the country witnessed a drought. The overall rainfall deficiency has been 21.9% below the LPA ( Long Period Average) till July 18, which is similar to the one witnessed in 2009. This has raised the specter of drought in the country this year, observers tracking the agriculture sector have said. A drought year is...
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