Search Result for : Drought

The Dollar Business Bureau  India’s foodgrain production is expected to reach a new high in the crop year 2017-18 which begins from July, on the hopethat India has normal rains consecutively for the second year, said Agriculture Minister Radha Mohan Singh.  Foodgrain output is projected to be at a record high at 273.38 million tonnes in the current crop year (July-June) on the back of good monsoon after drought for two years, compared to 251.57 million tonnes previous year. The last all-time high output was 265.04 million tonnes in the crop year 2013-14. Foodgrain list consists of wheat, rice, pulses and coarse cereals. “The Met department has forecasted normal monsoon for this year. If the monsoon is good, I am confident that foodgrain output will boost growth rate to more than 4.4% achieved in ...

The Dollar Business Bureau The widespread drought condition in the country will have serious concerns on the Indian economy. The impact on the economy is likely to be Rs.6,50,000 crores (over $100 billion) as more than 33 crore people in 256 districts are facing severe drought situation, as per a study by the Associated Chambers of Commerce & Industry of India (ASSOCHAM). According to it, the weekly rainfall in India during the pre-monsoon season (March-April) was 19% less than the Long Period Average (LPA). The cumulative rainfall during this season was 8% less than LPA. As per recent estimates, shortage of water in reservoirs and in the lower levels of ground water are serious concerns for the people and administration in the ...

The Dollar Business Bureau After two years of so-called less-than-normal-monsoon, the country will experience “above normal” monsoon this year, the Indian Meteorological Department (IMD) predicted on Tuesday. In its first forecast of this season, the IMD said the country will receive fair amount of rainfall across the country, and it will be a good year. The IMD said monsoon seasonal rainfall is estimated to be 106% of the Long Period Average (LPA) during June to September this year. The forecast is sure to cheer people across all parts of the country, who have been reeling under drought, resulting in minimum agricultural production and drinking water; the industry whose domestic output has suffered and the government who can bank on a better agricultural production to ...

This announcement is seen as the first such news by India- the worlds largest fertilizer consumer, on potash imports in years Sai Nikesh | The Dollar Business Early settlement of new subsidy rates, decision on contract volumes already committed for import, remain key factors of concern.   Concerned over decline in domestic demand driven by drought-hit scenario in the country, Government of India has reportedly taken decision to halt the imports of potash for the current year till March-end. And negotiations for imports in coming year starting in April are also not likely to happen until June. Potash has always been 100% import dependent. Severe drought conditions and inability to cope up with existing stocks might have enabled government take this decision to halt ...