-Outlook Pulses are falling off the poor man’s plate. Price rise may hit the middle class next. Pulses—all-important as a source of protein—are set to be spoilers this year in the government’s endeavour to keep a check on food inflation. Already, over the last nine months, the prices of some pulses have jumped 64 per cent in major cities. This is because of below-normal monsoon last year, compounded by untimely rain and...
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Jaitley says monsoon fears misplaced -Puja Mehra
-The Hindu ‘Its geographical distribution is what matters’ Union Finance Minister Arun Jaitley said here on Thursday that concerns about the impact of a deficient monsoon on the economy were “misplaced” and “far-fetched”. He told presspersons that conclusions were being made in an exaggerated manner after the India Meteorological Department forecast on Tuesday that rainfall would be only 88 per cent of the long-term average. “The speculation and analyses we have seen in the...
More »India's farm output falls for the first time in 5 years amid fears of drought
-DNA Govt gears up to ring-fence farmers, prices from poor rains India's farm sector shrank for the first time in five years in the year ended March 31, Union agriculture minister Radha Mohan Singh said on Wednesday, a day after the government forecast a likely drought this year that could hit output again. The Met office cut this year's monsoon forecast on an El Nino weather pattern that has raised fears of...
More »Prepare for the rainless day -Ashok Gulati & Shweta Saini
-The Indian Express A tussle is on between El Niño and the Indian Ocean Dipole. Government cannot afford to be a bystander. The Indian Meteorological Department (IMD) has predicted that India will get deficient rains in 2015, likely to be 88 per cent of the long period average (LPA) of 89 cm, which is the average seasonal rain (June-September) received by the country in the 50 years between 1951 and 2000....
More »Agriculture ministry preparing for less rain -Dilip Kumar Jha & B Dasarath Reddy
-Business Standard Encourages states on short-duration and less of rain-dependent crops, pushes seed availability in case of re-sowing as IMD predicts deficit in rainfall this year Mumbai/ Hyderabad: With the forecast of monsoon rain revised downward, the Union ministry of agriculture has directed states to be ready with contingency plans. Earth Sciences Minister Harsh Vardhan said rainfall would be only 88 per cent of the long-term average from the 93 per cent expected...
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