-CNN-IBN With deficient monsoon rains throughout the country so far, experts have now warned that the drought situation can no longer be ignored and that it is the time to act. Food Minister KV Thomas admitted on Tuesday that the situation is worrisome and that the government will have to take measures to check hoarding as deficient rainfall will lead to crop failure. Commission for Agriculture Costs and Prices (CACP) Chairman Ashok...

-The Economic Times This year's frail monsoon has depleted Indian reservoirs to alarming levels last seen during the devastating drought of 2009, threatening even winter-sown crops and making the country vulnerable to drinking water scarcity by February as India's grossly inadequate storage capacity magnifies the impact of weak rainfall. The situation is precarious because the monsoon has delivered normal rainfall to only one-third of the country. The total deficit so far this...

-The Hindu From now on, damage to crops due to extreme cold or frost will be considered a natural calamity and the affected farmers will be eligible for financial relief from the National Disaster Response Fund (NDRF) or the State Disaster Response Fund (SDRF). The Union Cabinet, at a meeting on Thursday, approved the recommendation of the Group of Ministers (GoM) on Drought to this effect. So far, crops damaged in natural...

-The Hindu With sowing of kharif crops lagging by over 86 lakh hectares compared to last year, owing to an erratic southwest monsoon and the average water level in major reservoirs declining by 2 per cent (to 59 per cent of last year’s storage) over the previous week, the country faces a grim situation. The area under rice, pulses, oilseeds and coarse cereals is less than what it was last year. Earlier, the...

-Live Mint There is no dearth of advisors for a government considered to be in the grip of a policy paralysis and whose prime minister is dubbed an “underachiever”. In this season of India-bashing, US President Barack Obama spared some time from his election campaign and offered some pearly words of wisdom on the Indian economy. This came at a time when in his own backyard, thousands of people marched in...