-The Economic Times MUMBAI: The splotch of red ink on bank balance sheets is set to become bigger as a new scandal in the form of disappearing food stocks in Punjab godowns threatens to burn a Rs 12,000-crore hole in their books and embarrass the Parkash Singh Badal administration. The Reserve Bank of India (RBI) has ordered all banks with exposure to the Punjab government's food borrowing programme to provide for potential...
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1,000 villages, 8 districts facing water crisis in Gujarat -Himanshu Kaushik
-The Times of India AHMEDABAD: Vijay Rupani, state water resources minister has stated that eight districts and around 1,000 villages in the state are facing an acute water crisis. Rupani said, "Due to insufficient rains for the last two years, eight districts — Jamnagar, Devbhumi Dwarka, Porbandar, Rajkot, Surendranagar, Dahod, Panchmahal and Amreli — are facing a drinking water shortage. Around 1,000 villages are in crisis due to drying up of local...
More »Water levels in 91 major reservoirs alarmingly low -Samarth Bansal
-The Hindu Central Water Commission data on live storage show that only 23 per cent of capacity is available, and this is well below last year. Water levels in major reservoirs of the country are alarmingly low, weekly data released by Central Water Commission (CWC) shows. CWC, a technical organisation under the aegis of Ministry of Water Resources, River Development and Ganga Rejuvenation, monitors live storage status of 91 major reservoirs in the...
More »Historic data suggests monsoon may be delayed by ten days -Vinson Kurian
-The Hindu Business Line Such delays take place after an El Nino year, which 2015 was Thiruvananthapuram (Kerala): The India Meteorological Department (IMD) may have forecast an above-normal monsoon this year, but it is highly probable that its onset over Kerala will be delayed by more than 10 days. There is a lot of physical evidence in support of such a delay this year, says PV Joseph, eminent monsoon researcher and former IMD...
More »Rebooting India’s agricultural policy -Himanshu
-Livemint.com The efforts of the government in revamping the crop insurance and land titling schemes are long-term solutions which will take time to bear results The agricultural sector is facing its worst moment in the last three decades. The last time India saw such distress caused by back-to-back deficient rains was during the drought of 1986-87 and 1987-88. The severity of the situation is evident from the stories of migration and...
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