About 60 per cent of net sown area of the country is rain-fed. With every one per cent deficit in rains, the country's gross domestic produce falls by 0.35 per cent.
While the directorate general of foreign trade has completed consultations with the industry and exporters, it will start interacting with the different ministries like agriculture, finance, micro, small and medium Enterprises, steel and environment. Revenue department in the finance ministry holds the key for extending benefits to exporters who are facing the brunt of recession in several major economies.
Residents of the union territory had got relief for a while on Friday when there was some let up in the downpour but it started raining heavily again on Friday night.
A good monsoon would translate into demand pickup across multiple sectors.
The government announced several incentives in the five-year Foreign Trade Policy.
'The BJP and RSS accept that the party is winning election after election because of Modi.' 'If the BJP is winning due to Modi, it will also lose due to Modi.'
Monsoon rains are vital for 55 per cent of the country's farmlands that lack irrigation facilities.
Total area impacted across India pegged at 18.9 mn hectares.
Satellite analysis can assess vegetation cover down to field level.
India's ban on non-basmati rice exports has been a boon to competitors like Thailand whose shipments have risen by 1.7 million tonnes in 2008, the US Department of Agriculture (USDA) said.
The monsoon situation in the northern region of the country will improve over the next couple of days and August will receive above average rainfall, Union Minister for Agriculture Sharad Pawar has assured.Quoting the latest report from the Indian Meteorological Department, Pawar told reporters in Hyderabad on Saturday that the states of Punjab, Haryana, western Uttar Pradesh and parts of Bihar and Himachal Pradesh will receive 86 per cent rainfall during July.
IMD director general K J Ramesh said the Met wasn't being conservative and weather patterns indicated that there was a possibility of rainfall being very near to the 50-year LPA of 89 cm.
Poor rainfall in rain-dependent central and southern India in the next three weeks could affect agricultural GDP growth in the coming season, a report by broking firm Motilal Oswal has said.
ISRO needs next generation launchers and new facilities to manufacture and launch them.
