-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...

-Livemint.com Rajan has indicated he will now pause, projecting consumer inflation could rise to about 6% by next January Aurangabad: Prices of many foodstuffs are surging in India, despite a good start to monsoon rains—an unexpected boon for wholesalers, but a major headache for the central bank and a government hoping for its help to reboot the economy. Reserve Bank of India (RBI) governor Raghuram Rajan has cut Interest Rates three times...

-The Times of India Air pollution from respirable particulate matter (PM2.5) could be responsible for 10,000 to 30,000 premature deaths in Delhi — up to 80 deaths each day — authors of an international study released on Tuesday indicated. Scientists who conducted the study, published in the Environmental Science and Technology journal, said most of these deaths were due to heart attacks and strokes, and not very many because of respiratory diseases. The...

-Economic and Political Weekly A categorical distinction is facing rough weather--that between urban and rural. If we take just agriculture, there is so much of the outside world that comes in not just as external markets but as external inputs. Further, many of our villages barely qualify as rural if we were to take occupation alone. So the earlier line that separated the farmer from the worker in towns is slowly...

-Hindustan Times Rohtak: The meteorological (Met) department's prediction of below-average rainfall this year between June and September has raised the concern among paddy growers in the state, who are already reeling under crop losses due to the unseasonal rainfall, which has damaged the rabi crops. The prediction of poor rainfall will not only affect the farmers, but also rice production in the state, as according to the figures given by the state...