-Business Standard Interest subvention, crop insurance on the cards The finance ministry is working on a plan to increase the number of workdays in the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) from 100 a year per person per household to 150 in areas receiving low monsoon rain. The government might also provide interest subvention and crop insurance in drought-affected regions through the e-Financial Management System (eFMS). “Since the eFMS contains the data...

-The Hindu Business Line A short delay does not impact sowing as there is a sufficient window The onset of monsoon over Kerala has been less than reassuring. Not only is it late by five days compared with the normal date of June 1, but it has also failed to arrive in the eight-day window set around the median of May 30. The conspicuous lack of flourish has led many to doubt...

-The Financial Express The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon. The Narendra Modi government has pledged to employ all machinery at its disposal to deal with a second straight year of deficient monsoon and denied an impending distress in the vulnerable pockets of the country, but a dispassionate look at the ground situation would show there...

-Livemint.com In summary, it is hard to escape the macroeconomic consequences of an agriculture shock, notwithstanding fluctuation-smoothing strategies The monsoon forecast, close on the heels of the Reserve Bank of India’s (RBI) monetary policy review, has turned all eyes to the farm sector. If the actual out-turn matches the India Meteorological Department’s (IMD) predictions — seasonal rainfall at 88% of the long-period average (LPA) for 2015 — it would be on...

-The Economic Times NEW DELHI: Private forecasters are counting on temperature changes in the Indian Ocean to strengthen the monsoon current like it did in 1997, when rainfall was normal, despite a strong El Nino. While forecasters are divided about the monsoon outlook, experts say that India has become less vulnerable to monsoon rain as the share of winter-sown crops has risen over the years, while only 40% of rural households...