-Livemint.com The current fiscal year has been hard on rural India, home to nearly 70% of the country's population New Delhi: The current fiscal year has been hard on rural India, home to nearly 70% of the country's population. Growth in rural wages has slowed and spending on the flagship employment guarantee scheme has contracted substantially, that too in a deficit monsoon year; foodgrain output is expected to dip by 3%. Please click...
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India experiences twin monsoon failure, first time in 10 years -Harish Damodaran
-The Financial Express For the first time in a decade, India has experienced deficient rainfall in both the main south-west as well as the north-east monsoon seasons. According to data from the India Meteorological Department (IMD), the country as a whole received an average rainfall of 85.2 mm during October 1 to December 31, 33 per cent below the "normal" long period average of 127.2 mm for this period. That translated into a...
More »Droughts, unseasonal rains push Jalna farmers to agricultural labour -Shoumojit Banerjee
-The Hindu Jalna (Maharashtra): An angry silence greets one on entering the village of Dhasalgaon in Jalna district. Perpetuating agrarian crises for the last three years have made the once-proud farmers of this village poor. Despite the newly elected Bharatiya Janata Party government's announcement that it seek a Rs. 4,500-crore package from the Centre, farmers in Jalna have wearied of the lip service that Mumbai's mandarins have been paying them for the...
More »Half of Maharashtra’s villages lose 50% crop -Aparna Pallavi
-Down to Earth Farmers want drought to be declared; government dilly-dallies According to the second survey carried out by the Revenue Department of Maharashtra, more than 20,000 villages in the state have received less than 50 per cent agricultural yield this year. The state has a total of 43,722 villages. This means that close to half the state is in an agricultural crisis. An earlier survey had put this number at a mere...
More »Moderate inflation is a passing phase: Economists -Ishan Bakshi
-Business Standard A Monsoon Deficit is likely to affect the agriculture output, which could have an impact on the food inflation The sharp fall in inflation over the past few months has raised the clamour for interest rate cuts. With the Consumer Price Index (CPI) falling to 5.5 per cent in October from 6.5 per cent a month ago, which is below the central bank's target of six per cent by January...
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