We need a contingency plan that combines real-time technology with robust insurance and easy credit.
El Nino, which is known to have an adverse impact on India’s monsoon, has strengthened further.
A robust crop insurance regime must be put in place. There’s no time to lose.
IMD’s prediction could now pose a challenge to the government’s hopes of a rebound in the economy this year and a targeted GDP growth of anywhere between 8% and 8.5% in 2015-16.
MONSOON | If the rainfall follows the forecast, this would be the second successive year of below normal rainfall.
INDIA MONSOON | If the rainfall follows the forecast, this would be the second successive year of below normal rainfall.
This is the first time since 2004 that rainfall deficiency has been recorded in both south-west and north-east monsoon seasons.
the suburbs recorded 97.87 per cent of annual normal rainfall, with Colaba observatory recording 2,135 mm rainfall and Santacruz receiving 2,300 mm.
Government must prepare to address the fallout of a poor monsoon season. It has no time to lose.
Better monsoon rains in the last fortnight have bridged the rainfall deficit to a large extent.
By this time of the season in a normal monsoon year, about 700 of the 890 mm rainfall is already received.
In its annual report for 2013-14, RBI said monsoon will not have a debilitating impact on the economy.
The BMC had purchased three machines for spot repairs of potholes from Crafco at a cost of Rs 78 lakh each in 2008.
The rain, however, brought with it the perennial problem of water logging in many areas.
Chances are poor monsoon will not affect food inflation levels in any serious manner.
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