Crop hope in early rains
The early monsoon sweeping most parts of the country have raised hopes of a bumper crop that could help Prime Minister Manmohan Singh rein in the price line.
But for the prime minister's hopes of a bumper paddy crop to come true, the monsoon has to be steady and longer. Meteorologists believe there's a good chance of that happening too.
The government has pinned hopes of bringing down the inflation rate that has touched a seven-year high of 8.75 per cent - on a good monsoon and set mid September as a realistic deadline for prices to moderate.
"Overall, indications are that it is going to be a good monsoon," said Ajit Tyagi, director general of the Indian Meteorological Department (IMD). This year, the monsoon is stronger and more widespread than previous years.
Nationwide rainfall figures till middle of last week reveal that 23 of the 36 meteorological sub-divisions have had normal or excess rainfall. The rainfall till date has been 30 per cent more than what the IMD considers normal. By this time last year, just 12 sub-divisions had excess or normal rainfall.
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But for the prime minister's hopes of a bumper paddy crop to come true, the monsoon has to be steady and longer. Meteorologists believe there's a good chance of that happening too.
The government has pinned hopes of bringing down the inflation rate that has touched a seven-year high of 8.75 per cent - on a good monsoon and set mid September as a realistic deadline for prices to moderate.
"Overall, indications are that it is going to be a good monsoon," said Ajit Tyagi, director general of the Indian Meteorological Department (IMD). This year, the monsoon is stronger and more widespread than previous years.
Nationwide rainfall figures till middle of last week reveal that 23 of the 36 meteorological sub-divisions have had normal or excess rainfall. The rainfall till date has been 30 per cent more than what the IMD considers normal. By this time last year, just 12 sub-divisions had excess or normal rainfall.
To read the full article, click here...
To read the ePaper, visit: http://epaper.hindustantimes.com
Labels: delhi, IMD, inflation rate, Monsoon, paddy crop, prices, Prime Minister Manmohan Singh, rainfall
posted by PressMart Team at
1:34 PM
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