More economists cut India growth forecasts
More economists slashed their economic forecasts for India with Citigroup and CLSA cutting their outlooks for growth to 5.4 per cent and 5.5 per cent respectively in the fiscal year ending March, with
GPs parking funds derailing NREGA
What is stopping drought-hit Karnataka from getting additional funds from the Centre under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA)? Surprisingly, it is the gram panchayats
Fodder supply hit in drought-hit states
Drought-hit states like Karnataka, Gujarat and Maharashtra are facing acute shortage of fodder and have petitioned the Centre to urgently address the issue as it could affect dairy industry.
The Chi
Drought delivers fresh blow to reeling economy
A summer drought makes a bad situation worse for an Indian economy already crippled by a sharp slowdown in growth, persistent inflation and a politically hamstrung government.
Late on Thursday, New D
Srisailam still parched
In the face of near despair as the two giant reservoirs in state, Srisailam and Nagarjuna Sagar continue to record nil inflow, there is something to cheer about. Almatti Dam, the first major project
Good drought, bad math
Listing discrepancies in the memorandum submitted by the state government for fiscal aid from the Union government to implement drought relief measures, Union rural development minister, Jairam Ramesh
Drought sparks fears for tractor sales
Tractor maker Mahindra & Mahindra shares fall 1.7 per cent as the growing likelihood of a drought in India threatens to hit rural sales.
Mahindra & Mahindra already saw tractor sales fall 2.4 per cen
Gujarat to get Rs 480 crore for drought relief
The Empowered Group of Ministers (EGoM) on drought headed by Agriculture Minister Sharad Pawar on Friday sanctioned Rs 480 crore as immediate relief to Gujarat for drinking water in rural areas and co
Monsoon seen deficient in 2012: Weather office
Monsoon rains will not be enough to save the country from its first drought in three years, the weather office said on Thursday as it forecast that the El Nino weather pattern should reduce rains agai
Drought could delay fuel reforms: Ahluwalia
The drought threatening India due to elusive monsoon rains will make it politically harder for the government to raise prices of subsidised fuel, delaying a reform urgently needed to rein in the count