-Business Standard Nearly two-thirds of the country's area has recorded either deficient or highly deficient rains As the new government gets sworn in on Thursday, one of its priorities would be to help states, particularly those in the south, to tackle deep drought. More than 40 per cent of the area of the country may face drought, according to the Drought Early Warning System run by the IIT, Gandhinagar. Of this, nearly...
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Monsoon likely to be 'below normal' this year: Skymet
-IANS Private weather forecaster Skymet said monsoon is going to have "a very sluggish start" and deficit rains are likely to spill into July. Monsoon this year is likely to be "below normal" at 93 per cent of the Long Period Average (LPA) owing to developing El Nino in the Pacific Ocean, which poses higher risk for the eastern parts and a major portion of central part of the country being...
More »Deepening slowdown: on the Indian economy
-The Hindu Can the RBI’s reduction in borrowing costs help check the demand slowdown? India’s economy is inarguably slowing, and the latest estimates from the Central Statistics Office disconcertingly point to a deepening slowdown. GDP growth is projected to have eased to 6.6% in the October-December period. With the CSO now forecasting the full-year expansion at 7%, fiscal fourth-quarter growth is implicitly pegged at an even slower 6.5%. At that level, growth...
More »Conversion of farmland sowing seeds of resentment in Karnataka -Sharan Poovanna
-Livemint.com Declining income, shrinking farmlands, rise in number of dependents on existing holdings add to farm woes Bengaluru: Since 2000, Karnataka has put nearly 200,000 hectares of farmland to non-agricultural use, including for industrial, residential and infrastructure projects. Besides shrinking farmlands, the number of dependents on existing land holdings have also increased considering little employment opportunities elsewhere. From 1.312 million hectares in 2000-01 (cumulative), the total land put to non-agricultural use has risen...
More »Agri input firms worry as dry spell looms large -TV Jayan
-The Hindu Business Line Many regions saw rain deficits; Maharashtra, Karnataka have already declared a drought New Delhi: Even though many States have declared a drought-like situation in some pockets of their respective territories, agricultural input companies are putting up a brave fight saying the situation is not all that bad and hoping it would have little impact on their bottomlines. While the Met department, in its end-of-season report, said the country as...
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