Expressing concern over the impact of deficit monsoon on the economy, the industry has asked the government to take urgent steps like providing subsidised diesel to farmers and focussing on distributi

India's monsoon rains are unlikely to pick up enough to avert the possibility that ministers meeting next week may officially declare a drought, which could prompt the government to offer more support

Government on Friday said the spectre of drought over a few states and the likelihood of a lower rainfall pattern in 2012 should not be a concern for a 'panicky situation,' as it is geared up to face the situation with enough stocks of foodgrains and sugar.

The city received a good amount of rainfall on Wednesday afternoon for a couple of hours, but the downside was water logging in different parts of the city. Around 6.5 mm rainfall was recorded till 5

Monsoon deficiency is expected to narrow down in the coming days with rains likely to improve in the eastern, central and Indo-Gangetic parts of the country, India Meteorological Department said on Thursday.

Prime Minister Manmohan Singh will hold off on widely anticipated fuel subsidy and retail reforms because of renewed opposition from party colleagues and coalition allies, leaving budget targets in tatters and rattling investors.

Prime Minister Manmohan Singh on Thursday reviewed the drought-like situation in some parts of the country and its impact on prices with Food Minister K.V. Thomas who suggested stepping up imports of

Despite heavy downpour in many places, the state is facing a four per cent shortfall in rains this monsoon. The state average cumulative rainfall from June 1 till date was 238.1 mm as against the norm

The Indian Meteorological Department (IMD) is doing course correction admitting that its second stage forecast has also proved to be off the mark.

IMD had forecast that the Long Period Average for

Faced with slowing economic growth and a dangerously high balance of payments deficit, about the last thing India needs is food prices pushing inflation higher, but that is just what the weather gods are brewing.