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Weather department downgrades monsoon forecast to 88%, stokes drought fears; govt 'prays'

-Hindustan Times India’s June-September monsoon, the lifeblood of Asia’s third-largest economy, will most likely be “deficient” this year with the met department downgrading its forecast from 93% to 88%, earth sciences minister Harsh Vardhan said on Tuesday.   The India Meteorological Department’s (IMD) revision -- which had forecast “below normal” monsoon in April -- will potentially toughen challenges for the Narendra Modi government already battling a farm crisis triggered by unseasonal rains in...

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The weakest link - Ashok Gulati

-The Indian Express Among the Modi government’s many hits was one crucial miss — agriculture. The Narendra Modi sarkar’s performance in the first year has at least five major achievements and one major miss. To ensure that this neglect does not become its Achilles’ heel, the Modi sarkar will have to focus on and initiate reforms in this weakest link in the chain — agriculture. Else, it will not let the Indian...

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Farmers see income gains vanish in Narendra Modi’s inflation war -Pratik Parija, Prabhudatta Mishra & Unni Krishnan

-Livemint.com/ Bloomberg Modi is facing resentment among rural households that became accustomed to large wage increases under his predecessor New Delhi: In the wheat fields stretching across northern India, farmers like Dalvir Sharma are starting to turn on Prime Minister Narendra Modi. Sharma, 51, voted for Modi’s Bharatiya Janata Party (BJP) last year after it promised to stem rising prices in the market. Now he’s struggling to pay back a Rs.100,000 loan...

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Let us now make more food in India -Pulapre Balakrishshnan

-The Hindu Business Line Agriculture development and food security form the foundation of manufacturing growth. Modi must realise this Prime Minister Narendra Modi’s exhortation ‘Make in India’ would make perfect sense till we realise that by ‘making’ he means manufacturing. But could it be that his focus on manufacturing may come a cropper if we do not ensure that agriculture is placed permanently on a sound footing? The history of the great...

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WPI inflation dips to record low in April

-PTI Inflation, as measured on the Wholesale Price Index (WPI), has been in the negative zone since November, 2014. Deflationary pressure continued for the sixth month in a row with inflation dropping to a new low of (-)2.65 per cent in April, mainly on account of decline in prices of fuel and manufactured items even as food prices increased. Inflation, as measured on the Wholesale Price Index (WPI), has been in the negative...

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