-Reuters A shortfall in monsoon rains has widened to nearly 50 percent of average in the past week, making a revival next week crucial for farmers to sow summer-planted crops such as rice, corn, cane, cotton and soybean. The annual rains are crucial for farm output and economic growth as about 55 percent of the South Asian nation's arable land is rain-fed. Farm sector accounts for about 15 percent of a nearly $2-trillion...

Inflation in India rose above expectations in April, making life difficult for the nation's central bank as it tries to revive an economy facing increased stagflation risks. The Reserve Bank of India last month cut its policy rate for the first time in three years to boost sagging growth. But inflation has remained stubbornly high, raising concerns the economy may be facing a nightmare scenario of slowing growth and rising prices. On...

Last week, the Indian Meteorological Department (IMD) released its first annual monsoon forecast for June-September. Monsoons are likely to be normal with the probability of deficient or excessive monsoons being relatively low, according to IMD. If this prediction comes true, what does this really mean for India's economy? Impact on agricultural output: The first and most important impact is, of course, on agricultural production, especially in the kharif or summer season....

-The Hindu Business Line   Hubli: Radiation and chemical-induced mutation and subsequent use in recombination breeding at Bhabha Atomic Research Centre (BARC) has resulted in the release of 39 improved crop varieties in oilseeds and pulses in India, said Dr Ratan Kumar Sinha, Director, BARC, Mumbai. Delivering the 25th Annual Convocation address of the University of Agricultural Sciences, Dharwad, Karnataka, Dr Sinha said nuclear techniques in agriculture is particularly helpful in creating new...

The five-member Empowered Committee, headed by the former Chief Justice of India A.S. Anand, at its meeting here on Monday, will examine the reports it has received from various agencies it constituted to go into the safety of the Mullaperiyar dam in Kerala. In December last, the committee conducted a spot inspection of the dam. It also heard the views of Tamil Nadu, Kerala and the Centre on the issues framed...