-Live Mint There is no dearth of advisors for a government considered to be in the grip of a policy paralysis and whose prime minister is dubbed an “underachiever”. In this season of India-bashing, US President Barack Obama spared some time from his election campaign and offered some pearly words of wisdom on the Indian economy. This came at a time when in his own backyard, thousands of people marched in...

-Reuters India's monsoon rains retreated to below average levels in the past week, the weather office said on Thursday, after scraping above average the previous week for the first time this season, keeping overall rainfall under par and pushing futures higher. Monsoon rains were 22 per cent below average in the week to July 18 against one per cent above average rains in the previous week, reflecting the return of a weak...

-Reuters Corn exports from India could hit a record 3.5 million tonnes in the 2011/12 marketing year to September, spurred by higher global prices and a bumper harvest, the India representative of a major US grains export association said on Thursday. India is Asia's second-largest grower of corn after China but it is not a significant global exporter of the grain. It mainly sells to Malaysia, Indonesia and Vietnam, which seek small...

-The Telegraph The poor rainfall performance is likely to impact India’s rice yield this year, a senior agrometeorology scientist said today amid growing concerns over the rainfall deficit persisting 45 days into the monsoon season. Rainfall activity over the past week has reduced India’s land area under rain stress from 82 per cent on July 7 to 59 per cent today, but the cumulative rainfall is still 21 per cent below normal,...

-The Hindustan Times Despite a pickup in rainfall last week, the southwest monsoon remains in deficit by a significant 22%, almost certainly lowering annual production of grains, pulses and oilseeds, the three crops where sowing has been worst hit. The Met office’s estimate coincided with the release of food inflation data that showed a worrying 10.81% rise in June from a year earlier, up from a 10.74% rise in May, an...