-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...

Amidst uncertainty over India's performance in terms of agricultural production and livelihood security of rural population, the Union Budget of 2016-17 will be presented by Finance Minister Shri Arun Jaitley on 29 February. Given the extent of drought in more than 10 states of India during 2015-16, it is expected that the NDA Government will allocate more resources for rejuvenating the rural sector. Since the country has seen two years of...

-The Times of India BHOPAL: Madhya Pradesh is staring at a drought-like condition for the second consecutive year if revenue department reports from districts are any indication. Revenue data reaching here from various districts hints that dry conditions may bring water scarcity in many parts of the state from April to June this year. As the state is on the verge of another drought, far-flung areas of more than 40 districts have...

-Livemint.com A study reveals that such rainfall is influenced more by changes in conditions like local temperature and urbanization Hyderabad: The blame for extreme rainfall in India, a recurrent phenomenon in some cities, cannot be laid squarely on global warming and the El-Nino effect, perhaps. A study by the Indian Institute of Science (IISc) reveals that such rainfall is influenced more by changes in conditions like local temperature and urbanization. The study...

-Livemint.com Spending on irrigation, crop insurance to be doubled; e-platform to be developed for farm produce New Delhi: The government is set to double annual spending on irrigation and crop insurance, and develop a national digital platform for farm produce in order to ensure better prices for farmers, as part of a push to reduce rural distress following the first back-to-back drought in India in three decades. “We’re expecting that the new...