August recorded 26% deficiency until yesterday, said IMD Director General Mrutunjay Mohapatra, adding that the shortfall has been recorded in north and central India.
Concerns are growing that deficient monsoon rains this year could hurt crops, raise food prices, threaten a nascent economic recovery and boost imports of farm goods.
India is facing an 8% monsoon rainfall deficit, which will impact future sowing & harvesting seasons, pressuring consumer prices and squeezing agri sector, says Rahul Bajoria.
As of 31 July, agencies have procured over 1.8 LMT of onions — 90% of the aimed buffer stock. This will help price stabilising market interventions should they be needed.
Delayed and poor monsoon will hurt the sowing of crops such as rice, cotton and soybeans. The monsoon’s progress in the coming weeks holds the key to farm incomes and rural demand.
In Himachal Pradesh's Dharamshala, flash floods triggered by heavy rains swept away cars and two buildings, and resulted in closure of the Kangra airport at Gaggal.
The proposed amendment to the Insolvency and Bankruptcy Code aims to reduce timelines and provide for a mechanism that involves minimal interaction with the court. It fails on both counts.
Cooperation Ministry takes a step towards financial inclusion with Sahkar DigiPay and Sahkar DigiLoan. They will enable faster and seamless access to financial services in small towns.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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