Besides, the government would also undertake and promote steps for water conservation and curbing extraction of underground water, which is depleting the water table and is a matter of concern, the minister said.
Chocolate lovers, there's bad news for you!
Drought looms as large this year as it did in 2009, even as attempts to play down its impact surface.
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.
Next week could see some respite from the heat.
A likely western disturbance over north India during the weekend might cause heavy to very heavy showers in a few places, including New Delhi.
With this India will continue to retain the position of being the fastest growing emerging economy. And by 2021, its growth rate is projected to be 1.5 per cent more than China's 6 per cent.
Data spanning the years 1951 to 2014 show that temperature and pressure conditions at specific locations in the Arctic region during the pre-monsoon period correlate with the Indian summer monsoon rainfall, points out Charu Bahri.
The impact of weak monsoon so far this year on India's farm production and economy is likely to be limited, the central bank said, as rainfall levels have improved considerably over the past one month.
This could have huge implications for agriculture, food prices, supply and overall economic growth of the country
Investors will keenly watch out for the Futures & Options expiry for July on Thursday
A deficient rainfall season starts with heavy showers.
The mighty Brahmaputra, one of the longest rivers in the world passes through China, India and Bangladesh and has several tributaries and sub-tributaries.
Overall, this is one of the best monsoon India has had in five years with the rain deficit at just 2 per cent. However, in East and the Northeast India, the overall rainfall deficit is as high as 21 per cent.
Uttar Pradesh, Bihar, Jharkhand, Odisha and Gujarat, have been left out, despite a strong start to the monsoon in June
Rediff.com's A Ganesh Nadar journeys through villages and towns, districts and cities for a reality check.
The much-awaited decision was announced by Chief Minister Konijeti Rosaiah at a news conference on Wednesday.
The latest forecast, given by Earth Sciences Minister Jitendra Singh, was a downward revision from a previous forecast of 93 per cent given at the outset of the monsoon in June, but was nowhere near as bad some farmers had feared.
India's energy deficit is likely to improve as hydro power stations can ramp up generation on account of adequate rainfall in the last fortnight of July, wiping out the shortfall of the previous months.
The current crisis Karnataka Chief Minister Siddaramaiah is facing is a cumulative effect of inattention to water management and the fiscal burden of populist promises, says Aditi Phadnis.
The report said forward-looking surveys and economic indicators along with rising business confidence provided hope that the decline in private corporate investment 'could be arrested' in 2014-15 and fresh investments of over Rs 1.2 lakh crore (Rs 1.2 trillion) 'could be realised'.
Even as rising crude oil prices, trade war fears and a sliding rupee cast a shadow on market sentiment, Nischal Maheshwari, chief executive officer for institutional equities and advisory at Centrum Broking, tells Puneet Wadhwa that in the next one year, the outcome of the 2019 general election is a bigger challenge for the market.
The monsoon this year in India was likely to be 'below normal' at 95% of LPA: Skymet
The government on Wednesday said any attempt by China to set up a hydropower station on the Brahmaputra river will act as an encroachment on the entitled rights of lower riparian states like India and Bangladesh and adversely affect the availability of water in its basin during the lean season.
Binu Alex, co-founder and editorial director of www.commodityonline.com, in an interview to Syed Firdaus Ashraf/Rediff.com, says demand-supply imbalance arising out of the government's inability to preserve the crop for non-harvesting season is the root cause behind the price rise.
The National Council of Applied Economic Research (NCAER) on Thursday lowered the GDP projection for the current fiscal to 4.7-4.9 per cent due to exchange rate depreciation.
It's not just South Africa's Cape Town which is going dry. Here are 10 other cities that are most likely to run out of drinking water.
The NCEAR has indicated some improvement in the fourth quarter of the current financial year.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
Scenario is precarious for urad with almost half the crop damaged in major growing states, tur quota of 400,000 tonnes already exhausted.
Rain deficiency in eastern and western Uttar Pradesh, Bihar, Jharkhand, Gangetic West Bengal, Assam and Meghalaya is 20-46 per cent less than normal as of June 17.
A delayed monsoon and abundant cotton in the international market could spell trouble in the state's suicide zone.
RBI expects the growth in the next fiscal to strengthen gradually, notwithstanding the significant headwinds.
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The agency has kept its FY15 growth forecast unchanged at 5.6 per cent.
The most serious recommendations to change the financial year came in the years preceded by deficient rainfall. The Jha committee was formed after droughts in 1979-80 and 1982-83, reports Rishika Pardikar/IndiaSpend.
Officials said good rain in August - though it might not improve acreages much for most crops except urad, moong, and paddy - would help in improving yields in the crops already planted.
'For lakhs of people in the flood-afflicted state, battling against the elements is taking a huge toll. This is the time of the year that apples ripen, rice starts being harvested and preparations start in full swing to put aside some of the food stocks for the long winter months ahead. At this moment, though, people there believe if they can succeed in coming out of this calamity in one piece they will have won the war,' says Rashme Sehgal.
The emotional appeal and sane advise came from the bench when Tamil Nadu brought to the notice of the court that the Karnataka chief minister has said that not a drop of water will be released to it.
This may rescue pulses, cotton and oilseed sowing; rain revival in the south to take longer
