-Outlook The agriculture sector witnessed record foodgrains output of 257.44 million tonnes in this year enabling the country to become world's largest rice exporter for the first time, but the monsoon played spoilsport dashing farmers' hopes of an encore in 2013. A hefty increase of Rs 1 lakh crore in farm credit target to Rs 5.75 lakh crore was a major highlight for the sector in 2012, while the continuing farmers suicide...
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India could face crippling heat waves -N Gopal Raj
-The Hindu THE SUNDAY STORY An analysis of the output from 18 different global climate models indicates that India’s average annual surface air temperature could go up by between four degrees Celsius and seven degrees Celsius by the end of this century. The warning signs are already out there. Global air and ocean temperatures have risen in response to human-driven emissions, particularly of carbon dioxide. Oceans have become more acidic and the...
More »Major Crop Production to Dip by 2.3% in FY'13: CMIE
-Outlook Output of major crops, both food and non-food, is expected to decline by about 2.3 per cent in 2012-13 as sowing has remained sluggish, economic think tank CMIE has said. "Production of major crops is projected to decline in 2012-13. A fall in output of both food and non-food crops is expected to dip by 2.3 per cent," Centre for Monitoring Indian Economy said in its monthly report. Kharif acreage continued to...
More »UN reports slight increase in food prices, warns of decline in global cereal harvest
-The United Nations The United Nations today reported that global food prices slightly increased in September after two months of stability, and warned that despite increased Cereal Production in low income countries, global harvest of this commodity is expected to decrease this year. During September, the UN Food and Agriculture Organization’s (FAO) Food Price Index rose by 1.4 per cent from its level in August. The rise to 216 points from 213...
More »Economic prosperity fuelling food inflation: Raghuram Rajan
-PTI Economic prosperity is fuelling food inflation in the country, Chief Economic Adviser Raghuram Rajan today said while making a case for increasing productivity to fight price rise. In his first media interaction after assuming charge, Rajan justified the diesel price hike saying there is a need to link domestic fuel prices with international rates to curb fiscal deficit. "One of the concerns of the last few years has been food inflation, which...
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