-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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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 »DBTL enrolment finally stops with 128.7 million beneficiaries -Sudheer Pal Singh
-Business Standard Plugs Rs 5,060 crore of LPG subsidy parked with 21 million, largely fake customers The enrolment of beneficiaries under the ambitious modified Direct Benefits Transfer for LPG (DBTL) scheme has finally stopped at 128.7 million people, oil ministry, data show. This translates into annual subsidy savings for the government to the tune of Rs 5,060 crore at the current prices that was linked to the rest 21.3 million customers. These include...
More »Asia braces for El Nino impact -Naveen Thukral
-Livemint.com A strong El Nino will roil economies that are heavily dependent on agriculture, particularly India Singapore: In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on Tuesday confirmed its return this year. A strong El Nino will roil economies that are heavily dependent on agriculture, particularly...
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