-The Hindu Business Line It should apply to long-term rather than short-term loans, to prevent funds misuse and promote capital formation The Budget 2016-17 witnessed an increase of Rs. 2,000 crore in the allocation towards interest subsidy for short-term credit (i.e. crop loan) to farmers, compared with the revised estimate for 2015-16, thereby making a total provision of Rs. 15,000 crore towards interest subsidy. In fact, of the total allocation of Rs. 35,984...
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Centre can’t shirk responsibility while dealing with drought: Supreme Court -Utkarsh Anand
-The Indian Express The bench also issued directives for updating the drought management manual - published in 2009 — after taking into account rainfall deficit, timely declaration of drought and other factors. New Delhi: RULING THAT “the buck will eventually stop with the Government of India”, the Supreme Court Wednesday directed the Centre to consider drought as a disaster and constitute a national response force along with a consolidated fund within...
More »Drought fails to dampen foodgrain output -Sayantan Bera
-Livemint.com New Delhi: Despite widespread drought in 11 states across the country, India’s foodgrain production is actually set to grow marginally, the third advance estimates released by the agriculture ministry on Monday showed. Total foodgrain production in 2015-16 is estimated at 252.23 million tonnes, marginally higher than 252.02 million tonnes produced in 2014-15, the data shows. If the estimates hold up, it would imply that the damage to the agrarian economy is less...
More »From Plate to Plough: Drop by careful drop -Ashok Gulati
-The Indian Express Convert crisis into opportunity: Shift from supply side augmentation to demand side management. Scattered “mango rains” have brought a little respite from scorching heat in certain places. Earlier, IMD’s forecast of above normal monsoon rains had given some hope for forthcoming acche din. Yet, a sizeable part of India is still smouldering under the grip of a drought. Bundelkhand and Marathwada are just samples, but in reality more...
More »Will drought hit crop output? -Rajalakshmi Nirmal
-The Hindu Business Line While kharif crops will be affected, rabi crops have assured irrigation Depleted reservoirs and parched lands await the onset of the south-west monsoon. The water level in key reservoirs across the country is fast receding, going by data from the Central Water Commission (CWC). The storage levels in 91 reservoirs have dropped from 95.693 bcm (billion cubic metres) in September to 72 bcm in December and are now...
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