Weak monsoon soon, farm & power ministries raise contingency flag

Fears of food inflation and low power output likely from hydro power units

GN Bureau | June 4, 2015


#monsoon   #agriculture   #power   #drought   #rainfall   #kerala Zoho CRM - Affordable On-demand CRM  

The southwest monsoon, which would be below normal this season, is likely to set over Kerala in the next 24 hours and two crucial ministries have announced plans to face the impending drought.

The forecast of a deficient monsoon has raised fears of inflation rising  and the agriculture and power minister have unveiled a roadmap to minimise hardships in the farm and power sectors and keep prices of food items in check.

The farm sector is experiencing a difficult phase and the deficient rainfall is bound to make it worse not just for the farmers but have effects on the manufacturing sector as agricultural sector provides a raw materials.

Total foodgrains production has declined to 251.12 million tonnes in the 2014-15 crop year (July-June) from a record production of 265.04 million tonnes in the previous year.

Agriculture minister Radha Mohan Singh on Wednesday said, "in the agriculture sector, there would obviously be some losses if there are deficient rains. We have confidence and policies in place to ensure there is minimum damage to agriculture sector and the overall economy."

The minister said a new crop insurance policy will be brought in to protect farmers' incomes, while the government will take steps to improve domestic supplies through imports to check the price of pulses, which are already high.

Singh said the government is ready with contingency plans for 580 districts and is in touch with state governments and agriculture research institutions to tackle the situation.

On the other side of the spectrum, Power minister Piyush Goyal said that the contingency plans have been drawn up to meet any eventuality in case the deficient monsoon hits hydro power output.

"It's a matter of concern that the monsoon is expected to be below normal. We are conscious that this will result in a fall in hydropower production and the demand will also increase... The ministry of power and the ministry of coal are seized of the situation," Goyal said.

The minister also said that adequate coal is available at every thermal plant in the country to meet any shortfall in hydro-power output.

The met department has revised its rainfall forecast from 93 per cent to 88 per cent of normal for this year, with the north-west region of the country expected to be hit the most. Last year, the country had received 12 per cent less rains, which hit production of food grains, cotton and oilseeds.

Comments

 

Other News

Battle over cattle, Delhi govt schools lead the way and, why we must return to Gandhi & Tagore

On May 23 this year, the ministry of environment issued ‘Rules on prevention of cruelty to animals (regulation of livestock market)’ with the purported aim of regulating animal markets. When one reads the rules – notwithstanding the lame efforts from union ministers to issue clarificati

BEML unveils 9 MW capacity windmill park

  BEML, a mini ratna category-1 enterprise of the defence ministry, has set a target of using 100 percent renewable energy for its own consumption.   In this connection, BEML’s 9 MW Windmill Park installed at Bagalkot District in Karnataka was recently

BHEL registers increase in intellectual capital

  Bharat Heavy Electricals Limited (BHEL), a Maharatna enterprise, has recorded nearly 14 percent growth in its intellectual capital in 2016-17 fiscal. During the year, a record 508 patents and copyrights were filed by the company, translating into filing of nearly two patents/copyrights

NALCO partners with CII, Odisha for outreach programmes on GST

  National Aluminium Company Limited (NALCO) has joined hands with the Confederation of Indian Industries (CII), Odisha, to organise outreach programmes for industries and other stakeholders on GST implementation.   Series of interactive programmes are being

EPFO inks MoU with HUDCO for Housing for All by 2022

  Taking prime minister Narendra Modi’s vision of ‘Housing for all by 2022’ forward, Employees` Provident Fund Organisation (EPFO) has amended the EPF Scheme, 1952 to provide assistance in acquiring affordable houses to the EPF members by allowing withdrawal from PF to

IndianOil LPG import terminal to reduce refill backlog in Kerala

IndianOil is currently transporting bulk LPG from Mangalore to various LPG bottling plants in north Kerala through about 100 bullet trucks every day, which ply on narrow highways. A pipeline connecting the proposed LPG import terminal to Kochi Refineries Limited and the LPG bottling plants at Udayamperoo



Video

पाकिस्तानी सेना कैमरे में कैद करना चाहती थी ये हमला

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter