-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...

-Hindustan Times Some global meteorological agencies have pointed to the rising risks of an El Nino weather pattern this year which can trigger a poor monsoon in India, potentially posing an immediate challenge for the Narendra Modi government. El Nino, literally “little boy” in Spanish, is a climate phenomenon marked by higher sea-surface temperatures in the equatorial Pacific. Its effects vary, from storms in California to drought in Australia and India. ...

-Economic and Political Weekly Direct benefi t transfers in the form of cash cannot replace the supply of food through the public distribution system. Though it is claimed otherwise, DBT does not address the problems of identifying the poor ("targeting") and DBT in place of the PDS will expose the vulnerable to additional price fluctuation. Further, if the PDS is dismantled, there will also be no need or incentive for procurement...

-The Hindu Business Line The recent devastation of crops shows that the Indian economy continues to be a ‘gamble’ on the rain. But can India Meteorological Department’s new model make it predictable? Moisture wrecks a farmer's life. Since February this year, lakhs of farmers across 14 states were left with damaged crops. Unseasonal rains destroyed crops on 11 million hectares spread over Rajasthan, Uttar Pradesh, Haryana, Madhya Pradesh, Maharashtra and Punjab....

-The Indian Express During the election campaign, the BJP had promised a 50 per cent profit margin on minimum support prices to farmers. But over the past year, the optimism of farmers has turned to despair. Since the parliamentary elections, basmati paddy prices have fallen by 35 per cent and cotton by 25 per cent. The era of cooperative federalism notwithstanding, the Centre practically decreed that states not announce a crop...