A combination of normal rainfalls aiding bumper agriculture output and the Reserve Bank of India (RBI) further hiking interest rates to cut easy money in the system hold key to bringing down multi-year high inflation triggered by surging food and fuel prices, economists said. Although the government has room to further reduce excise duty on […]
The government is gearing up to increase the stock of coal at power plants to 40 million tonne (MT) during the monsoon season, Union power minister R K Singh said. Speaking to PTI, the minister said right now, there are reserves of around 22.9 MT at the power plants. Speaking to PTI, the minister said […]
The critical southwest monsoon seasonal (June to September) rainfall, which feeds India’s billion plus people, is most likely to be normal this year, the Indian Meteorological Department (IMD) said in a statement, raising hopes a struggling economy will get a boost as the agriculture sector benefits. “Quantitatively, the monsoon seasonal (June to September) rainfall over […]
Normal to above normal rainfall is most likely during the 2022 southwest monsoon season (June – September) over most parts of the South Asia, according to an a seasonal forecast by the South Asian Climate Outlook forum, the World Meteorological Organization (WMO) said. Geographically, above normal rainfall is most likely along the foot hills of […]
India will receive a ‘normal’ southwest monsoon (June-September) at 99% of the benchmark long period average (LPA), the India Meteorological Department (IMD) said. If the forecast comes true, the country will receive normal rainfall from the annual phenomenon for the fourth year in a row. Though India’s agriculture activities still depend significantly on the monsoon […]
With an investment of $ 272 billion in agritech and allied segments by 2030, India can generate $ 813 billion in revenue creating 152 million jobs, making it the largest private sector industry in the country, according to a report titled ‘Investing for Impact: Food, Agri and Agritech’, by Aspire Impact. With agriculture continuing to […]
There is no shortage of coal in the country, Union minister Pralhad Joshi informed the Parliament. Replying to a query in the Rajya Sabha, Coal Minister Pralhad Joshi said that coal stocks at generating plants had depleted due to some interruption in supply of dry fuel due to heavy rains, increased power demand, and less […]
From south-west to north-east, a stretched monsoon has pushed vegetables in India into an unsavoury stew of high prices, ratings agency CRISIL said in a report, adding that any respite in the short-term will be a function of how it pours from here. “First came the erratic and often copious summer spells that delayed arrivals […]
As rabi sowing is gathering momentum, it appears that rapeseed-mustard is emerging as the favoured choice for farmers in Northern India. As of October 29, mustard acreage accounted for some 57 per cent of the total planted area of 43.29 lakh hectares sown till now. The total acreage is 1.8 per cent higher when compared […]
India’s natural rubber (NR) production is expected to drop sharply in October and November, as heavy rains have been disrupting tapping activity in the country’s top NR producing state, Kerala. With production dipping India, the world’s second-biggest consumer of natural rubber, may have to increase imports in the coming months from Indonesia, Malaysia and Thailand, […]
