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Kharif output can fall 15% on poor monsoon: Chetan Ahya

Posted on: August 28th 2009 in Market News.

Chetan Ahya, MD of Morgan Stanley, said that the kharif output could fall 15% on monsoon deficiency. “However, there won’t be a major impact of poor agriculture on industrial growth,” he said. Ahya said he was expecting gross domestic product (GDP) at 5.2-5.8% versus …

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Bitter truth: India drought may trigger world sugar crisis

Posted on: August 20th 2009 in Market News.

Beijing: India has enough grain stocks to ride out an expected poor harvest, but the failure of the monsoon adds to global uncertainty about food and grain stocks, the head of an agricultural think tank said on Wednesday. India’s monsoon rains have been 29 per cent below normal sin…

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161 districts face drought, but it’s no panic: Govt

Posted on: August 12th 2009 in Market News.

New Delhi: More than a quarter of India’s districts are facing the threat of drought and the sowing of crops nationally is 20 per cent lower than in the previous year, Finance Minister Pranab Mukherjee said on Tuesday. While many of these districts are not major crop producers, the…

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Monsoon to revive; see rainfall at 87% of normal: MET

Posted on: August 10th 2009 in Market News.

July did not turn out to be a great month for monsoons atleast in many parts of the country and we have already started seeing some alarm bells being rung even at the highest levels. The Prime Minister (PM) was on record over the weekend talking about the concerns that he has about monsoo…

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