Oilseed output to surpass its previous record of 32.75 mt in 2013-14 to 33.59 mt this year
According to the initial estimates, the flooding of rivers and heavy rainfall has caused damage to the agriculture crop to the tune of Rs 700 crore (Rs 7 billion) in the state.
RBI kept all key rates unchanged in its policy review on Tuesday.
Is it sustainable?' 'Or is it like an overdose of a medicine that saves your life in the short run but kills you through long-lasting side-effects?' asks Shekhar Gupta.
Union Agriculture Minister Rajnath Singh on Wednesday said the country's foodgrain production in the Kharif season is likely to surpass the previous record of 212 million tonnes in 2001-02.
The sample size of 8,100 farmers across 19 states has not changed in the last three decades, and the methodology of the sample survey too remains unchanged
Calling for availability of all necessary equipment for medical professionals, she said the onus lies on the government to ensure that the spread of infection and casualties are not caused owing to lack of infrastructure or preparedness.
Despite severe drought in fiscal 2002-03, India's agricultural output is enough to sustain the country, Union Agriculture Minister Ajit Singh said on Thursday.
Overall prospects for economic growth are constrained by lack of new investments despite major gains in industrial growth in the first half of the fiscal, according to National Council for Applied Economic Research.
The government has removed restrictions on exports from the farm sector, apart from doing away with the registration requirement for exports of non-basmati rice and pulses in packages of five kilos.
The government on Tuesday said the week-long delay in the monsoon will in no way affect India's overall food and agriculture scenario and assured continuity in the country's grain export policy.
A minister said the country had 7% less rain than normal.
In its manifesto for the 2014 Lok Sabha elections, the Bharatiya Janata Party (BJP) had criticised the Congress-led UPA regime for "policy and decision paralysis".
The government said on Friday that India's edible oil imports would be higher this year on account of drought, but the shortfall could be bridged at the existing rate of import duty and a cut in tariff was unwarranted.\n\n\n\n
With conditions not favouring its progress, southwest monsoon is expected to hit the Kerala coast by June 4, three days after its normal onset date, the MET department has said.
More rate cut by RBI unlikely this fiscal, say Ind-Ra
The area-based income compensation scheme says that farmers should be paid the difference between the actual price they get and the state-mandated MSP. The compensation will be determined on a per acre basis by using district-level estimates of marketable surplus and prices in the harvest season.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
A third of FMCG sales and half of motorcycle sales come from the hinterlands
'It is not simply demonetisation or GST, it is this government's failure to manage the financial sector crisis.'
It would be advisable to look to companies that reported attractive growth during the first quarter, says Mudar Patherya
The Reserve Bank on Friday said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.
Food subsidy bill rises 20% in April-January
The government is likely to name a successor to Rajan sometime this month
States need to create alternative marketing structures for farm produce since middlemen also provide vital services that are otherwise unavailable to the farmer.
India's foodgrains production is pegged at a seven-year low of 184.07 million tonnes in 2002-03, a major decline of 13.2 per cent against record production of 212.02 million tonne last year, in the third official advance estimates released on Friday.
Travel time, too, has not fallen much after the abolition of octroi with trucks still queued up at regional transport offices and toll tax plazas.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
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.
What stocks will gain from a normal monsoon?
Agriculture, which accounts for 14% of GDP grew at 3.2% in the quarter
In the retail markets, rates have fallen to Rs 30-35 a kg from Rs 100-level.
Not only primary vegetables, but also additives like garlic, ginger and chilly have recorded a sharp increase in prices
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.
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.
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