-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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UP staring at drought worse than 2014 -Brajendra K Parashar
-Hindustan Times Lucknow: Uttar Pradesh is staring at a drought worse than last year’s, officials said on Thursday, raising worries of a severe impact on the kharif crop crucial to feeding millions of people in the country’s most populous state. The state government has put 70 out of the 75 districts on high alert and also prepared a contingency plan after the India Meteorological Department’s (IMD) forecast a below normal monsoon this...
More »Explained: Why we need to sharply raise MSP for pulses -Harish Damodaran
-The Indian Express There is no alternative to boosting domestic production, farmers desperately need the incentive, and the country could do with saving on urea. Pulses are once again on the boil, with consumers paying around 50 per cent more for tur (pigeon pea) and urad (black gram) dal than they did a year ago. Even chana (chick pea), which had turned cheaper in the past three years, has seen a 40...
More »Production of pulses down 64%, cereals 30% in state -Priyanka Kakodkar
-The Times of India MUMBAI: The state's production of pulses during 2014-15 is set to fall by as much as 64% and cereals by 30% on account of the drought and unseasonal rains over the last year which wrecked the kharif crop. Yields for the rabi or winter crop have also plummeted, raising concerns about the impact on prices. Maharashtra produces about 10% of the country's foodgrains. However, sowing over the last...
More »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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