-Livemint.com Contrary to popular perception, it’s not because of good luck or necessarily a large growth sacrifice; policymakers deserve more credit than they get One of the most visible macroeconomic successes in India over the last three years has been the sustained moderation of headline consumer price index (CPI) inflation. CPI (industrial workers) averaged 9.5% for six years between 2007 and 2013. For the last 30 months, however, it has averaged...

-Livemint.com At least 150 villages in Karnataka have already qualified as drought affected, with more being added as rainfall continues to be deficient, according to a Cabinet minister Bengaluru: The Karnataka government could well be on its way to declare the state as drought-affected after nearly two months of dry spell, according to two people familiar with the move. At least 150 villages in the state have already qualified as drought affected,...

-The Times of India Pune: Torrential rain over some areas in the last few days has helped soothe the parched state, but experts advise that this will not end the spate of droughts. Those in the know point out that lack of rainfall does not necessarily lead to a crippling shortage of water, but it results from a lack of policies, missing drought-proofing infrastructure and lackadaisical institutional mechanisms. "It will be a normal...

-The Indian Express Agriculture Ministry’s harvest estimates don’t square with drought conditions in several cases, raise serious questions of credibility. We have had two consecutive drought years, yet India’s milk production, according to the Agriculture Ministry, has risen from 137.69 million tonnes (mt) in 2013-14 to 146.31 mt in 2014-15 and 160.35 mt in 2015-16. Never before has the country’s milk output grown at these rates — that too, in the face...

-Hindustan Times Indore: Soybean crop has been affected for the third consecutive year in Madhya Pradesh as excessive rain in Satna, Rewa and Bhopal regions will necessitate re-sowing once the water recedes, an agriculture expert said. Madhya Pradesh is the top producer of soybean in the country and accounts for 53% of its production, according to government statistics. “Farmers will have to go for re-sowing wherever there has been water logging in fields...