-The Economic Times  The government has stopped short of declaring a drought but rolled out a relief package which includes subsidised diesel for irrigation, funds to ensure drinking water, seed subsidy for resowing crops and augmentation of fodder supply. "The number of rain-deficient districts this year is more than in 2009," said agriculture minister Sharad Pawar after chairing a meeting of the Empowered Group of Ministers (EGoM) on drought. The meteorological department...

-PTI Indicating that its nearly three- year-old battle with inflation is not yet over and a loose monetary policy is still far off, the Reserve Bank today said the near-term inflation trajectory still remains sticky on the back of weak monsoon, higher support price for farm crops and the falling rupee. Headline inflation persisted above 7 per cent during the first quarter of the fiscal due to a rebound in food rates...

-Live Mint The much-awaited land acquisition Bill seems to be in jeopardy with the Congress-led United Progressive Alliance (UPA) government rejecting a parliamentary standing committee’s suggestion the government should not acquire land for public-private-partnership (PPP) projects. But it has accepted that land procured for special economic zones (SEZs) and some defence projects cannot be exempted from the purview of a land acquisition Bill and promised to amend other laws pertaining to purchase...

-LIve Mint A day ahead of a crucial ministerial meeting to review India’s severe rainfall deficiency, the agriculture ministry has unveiled a district-level plan of action that primarily consists of advisories on the kind of seeds to be sown, altered sowing plans and the conservative use of water. According to the department’s website, advisories have been issued to Andhra Pradesh, Maharashtra, Orissa, Uttar Pradesh, Karnataka, Punjab, Haryana, Rajasthan, Tamil Nadu, Gujarat, West...

-IANS In view of the looming drought situation in Jharkhand, the state government has announced a Rs.410 crore relief package for farmers, an official said Monday. The decision was taken at a meeting chaired by Chief Minister Arjun Munda Sunday. The special package for farmers includes Rs.600 per acre for diesel subsidy and interest free loans, among other measures. "From the package, Rs.240 crore will be for interest free loans, Rs.150 crore for diesel...