Five people, including a minor girl, died and as many injured in separate incidents during heavy rains in Kullu, Kangra and Chamba districts of Himachal Pradesh.
Announcing MSP at an elevated level will not be enough. Growers must be able to procure inputs, such as quality seeds, plant nutrients and irrigation water at reasonable prices, says Kunal Bose.
According to government data, the prices have still not crossed the MSPs in some mandis.
Agriculture, which accounts for 14% of GDP grew at 3.2% in the quarter
'It is not simply demonetisation or GST, it is this government's failure to manage the financial sector crisis.'
What stocks will gain from a normal monsoon?
In the retail markets, rates have fallen to Rs 30-35 a kg from Rs 100-level.
Onion prices have been rising due to speculation amid anticipation of below normal monsoon despite sufficient supply in the country.
Banking shares are down up to 11% after the Reserve Bank of India has increased the policy repo rate by 25 basis points from 7.25% to 7.5% with immediate effect.
Drought fears will subside if the momentum generated is maintained in August.
Not only primary vegetables, but also additives like garlic, ginger and chilly have recorded a sharp increase in prices
The 40-year-old Indus Water Treaty between India and Pakistan has been an outstanding example of conflict resolution but scarcity of water in the basin states since the early 1990s has brought the agreement under strain and its "survival appears weak", according to a UN report.
In the current fiscal so far, retail inflation stabilised around 5 per cent, while wholesale price-based inflation averaged around 2.9 per cent during April-December.
Monsoon is expected to cover central and eastern India after Tuesday.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.
They are worried at more than one forecast of a possibly weak monsoon, reports Dilip Kumar Jha.
Budget 2018 bears imprints of a government unsure of second term with clear majority, says Shekhar Gupta.
All is not well with Telengana and its Chief Minister K Chandrasekhar Rao
The environment ministry is likely to allow generic modification of food crops.
Despite the growing clamour from the central government on India turning digital, and banks requesting direct bank account transfer, the state government decided to hand over cheques to the farmers, which can be immediately converted into cash.
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
Retail inflation measured by the consumer price index has risen sharply across food and non-food constituents, including services, keeping inflation expectations high, the Reserve Bank of India said in its Second Quarter Review of Monetary Policy 2013-14.
El Nino, which refers to warmer-than-average sea surface temperatures in the central and eastern tropical Pacific Ocean, will likely to keep CPI inflation up at 8-10 per cent in the second half of 2014 and will pose a 50-70 basis point risk to this fiscal's growth expectation, the report by financial services major Bank of America Merrill Lynch said.
Reserve Bank, in its mid term review of the monetary policy on Friday, decided to hike short term policy rate by 0.25 per cent after a gap of two years and ease liquidity by reducing the marginal standing facility rate for banks.
BJP's best bet lies in the TDP and the TRS striking a deal with the Congress and framing the battle as a UPA versus NDA clash, reports Radhika Ramaseshan.
The downward trend in prices might continue as demand is unlikely to recover in May. Moreover, increased production has also put pressure on prices of commodities.
The government will announce minimum support prices for kharif.
The labour force fell from 43.97 crore in 2016-17 to 42.61 crore in 2017-18
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
'This announcement is big foolishness.' 'The government has no idea of economics. They are just announcing what comes to their mind.' 'Let them implement what they have announced and just see what will happen in two years.'
Rains have been 5% below normal so far, but Met department sticks to its forecast
With about 40 per cent deficit rainfall during the monsoon season in parts of the state and shrinkage in sowing area, the Andhra Pradesh government has directed the Tirumala Tirupati Devastanam to "perform Yagnas" in temples to propitiate the rain God.
As many as 116 farmers have committed suicide due to agrarian reasons so far this year, with maximum cases reported in Maharashtra, followed by Punjab and Telangana.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
Next week could see some respite from the heat.
