-The Economic Times A late revival of monsoon may have narrowed the rain deficit to single digit (9%) but it is unlikely to help boost food grains production. "There would be a decline in the overall food grains production. There would be some drop in the production of pulses and coarse cereals," said Agriculture Secretary Ashish Bahuguna. He said the indication will start coming after the first advance estimates of the kharif...
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The food crisis and India -CP Chandrasekhar
-The Hindu The World Bank has joined the chorus warning the world of an impending food crisis with damaging food price inflation. In its late-August edition of its Food Price Watch the Bank reported that global prices for food as reflected by its Food Price Index rose 10 per cent in July 2012 alone. The prices of staples such as corn and soya bean were at an all-time high that month,...
More »EGoM to consider raising MNREGA work days to 150 next week
-PTI Against the backdrop of drought in various parts of the country, a proposal to raise the number of assured employment days under MNREGA from 100 to 150 will be considered by an empowered group of ministers next week with an aim of benefitting the farm labour. "The proposal to increase work days under Mahatama Gandhi National Rural Employment Guarantee (MNREGA) scheme, will come up for discussion in the meeting of the...
More »Monsoon rally sees near 100% rain in August -Amit Bhattacharya
-The Times of India The monsoon in August has beaten most expectations, including the India Meteorological Department's outlook of 96% rain for the month, by registering 99.6% of normal rainfall (till August 29). The rain rally, particularly impressive in north India, has raised hopes of a better than expected kharif crop output. The overall Monsoon Deficit now stands at 12%, considerably better than 19% when the month began. The northern states, which...
More »Tractor sales forecast cut as sowing area drops -Siddharth Philip & Swansy Afonso
-Live Mint Mahindra and Mahindra Ltd, the world’s biggest tractor maker by volume, cut its forecast for sales growth of the farm equipment in India as the worst rainfall in three years delays crop sowing. Mahindra estimates industry sales to expand as little as 2% in the year ending 31 March, Pawan Goenka, president of the automotive and farm equipment division at the Mumbai-based company, said in an email response on Thursday. Goenka...
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