surajmal Posted June 24, 2014 Posted June 24, 2014 NEW DELHI: Drought-like conditions are intensifying as the monsoon hasn't moved an inch for 10 days now, leaving oilseeds, pulses and paddy fields parched and posing the threat of food inflation and weak rural demand in the first year of the Narendra Modi government. Prices of vegetables and onions are already rising because June rainfall is among the lowest in a century. The rainfall deficit for the country is 37%, even before El Nino has developed. The weather phenomenon is associated with a bad monsoon. Adding to the concerns of policy-makers is the rapid depletion of water in India's biggest reservoirs, which was 33% more than last year's level at the beginning of June because of unseasonal heavy showers before the monsoon. The water level has now fallen to last year's level because of scanty rainfall. http://economictimes.indiatimes.com/news/economy/indicators/weak-monsoon-intensifies-drought-like-conditions-in-india/articleshow/37143684.cms
kubrickian Posted June 25, 2014 Posted June 25, 2014 Bad news for the economy. With a weak monsoon and situation in Iraq, inflation will rise. Vegetable prices and oil prices are going to increase.
surajmal Posted June 25, 2014 Author Posted June 25, 2014 If crisis means opportunity, then Namo won't get a better one to jump start his plans on Water management and industrialization of agriculture.
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