-Business Standard Interest subvention, crop insurance on the cards The finance ministry is working on a plan to increase the number of workdays in the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) from 100 a year per person per household to 150 in areas receiving low monsoon rain. The government might also provide interest subvention and crop insurance in drought-affected regions through the e-Financial Management System (eFMS). “Since the eFMS contains the data...

-Livemint.com Delayed or erratic rains typically impact sowing and make farmers miss the application of agrochemicals, which the companies dread the most Stocks of agrochemical firms have reacted uncertainly after the forecast of below-par monsoon by the India Meteorological Department. While Insecticides (India) Ltd and Dhanuka Agritech Ltd have held up well, gaining 1-4%, Rallis India and Excel Crop Care Ltd lost 2-3%. The mixed mood stems from the fact that the...

A recent press release from the Ministry of Agriculture shows that the area affected by recent rains and hailstorms is estimated to be 189.81 lakh hectares (on 24 April 2015), which is nearly double the total area affected that was earlier estimated on 16 April 2015. (See the link below). Experts argue that such extreme weather events may severely damage food economy of the nation, apart from breaking the spirit...

-Business Standard/ IndiaSpend.org Complex changes in local and global weather patterns will have severe implications for India's 600 million farming community The unseasonal rain and erratic weather unsettling the Indian farmer—and the nation’s agriculture, economy and politics—are no aberrations. Extreme rainfall events in central India, the core of the monsoon system, are increasing and moderate rainfall is decreasing —as a part of complex changes in local and world weather—according to a clutch of...

-The Financial Express The government has identified 46 million hectare of agricultural land spread across 122 districts that is likely to be adversely impacted by extreme weather events and cause decline in farm output, agriculture minster Radha Mohan Singh on Tuesday said. "Uncertain and erratic rainfall, delay in onset of monsoon, agricultural droughts, excess rainfall events and other extreme weather events during crop growing seasons may affect agricultural productivity and profitability of...