-Livemint.com In the last decade, the rural constituent has emerged an important factor for overall private final consumption, which forms more than half (55-60% range) of India’s demand side GDP An above-average monsoon is commonly expected to be a key demand driver in 2016-17. Gross domestic product (GDP) forecasts for the year incorporate a revival in rural consumption—a segment that suffered severe setback from two successive years of adverse rainfall. In...

-Business Standard In last one month, chana futures prices have risen 17.37 per cent and on Thursday it closed at Rs. 6812 per quintal on NCDEX New Delhi: The government has launched a multi-pronged drive against price rise of essential commodities with different agencies doing their bit to ensure smooth supply and action against hoarders as well as profiteers. Market regulator Securities and Exchange Board of India (Sebi) on Thursday barred launch of...

-The Telegraph New Delhi: Government scientists have called for nationwide surveillance to look for a caterpillar native to South America that has slipped into at least four Indian states and could threaten the country's tomato growers and the ketchup-and-puree industries. The scientists at the National Bureau of Agricultural Insect Resources (NBAIR), Bangalore, worried about the pest's spread, have also initiated efforts to get wasps and predatory bugs to serve as its natural...

-Business Standard As economic growth came in at 7.9 per cent in the fourth quarter of 2015-16, many argue that much of it could be attributed to discrepancies. Chief Statistician of India T C A Anant dispels these notions. He tells Dilasha Seth and Indivjal Dhasmana that the principal method of calculating the gross domestic product (GDP) is by taking into account the production-side estimates and not an expenditure one. Edited...

Situation alarming: More than one-third population hit by drought   The country is facing severe drought for the second consecutive year. Conservative estimates from official sources show that over a quarter of rural habitations are facing drinking water scarcity. Although both India Meteorological Department and Skymet have predicted a more than normal rainfall during June-September, 2016, the water storage available in 91 major reservoirs of the country has declined from 22 percent...