Drought dents India gold demand; prices still appealing

Last Updated: Friday, September 11, 2015, 11:05

Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.

Banks can extend loan repayment up to 5 years for crop loss: RBI

Last Updated: Friday, August 21, 2015, 21:44

The Reserve Bank on Friday gave the farming community much to cheer about when it said banks can extend loan repayment period up to 5 years in case 50 percent crop is damaged due to natural calamities like drought and flood.

Moody's links India's credit rating to drought vulnerability

Last Updated: Tuesday, August 11, 2015, 18:25

India may avoid drought this year, but its economy remains vulnerable to fluctuations in annual rainfall, a factor that continues to constrain the country's sovereign credit, Moody's Investors Service said Tuesday.

Drought vulnerability a challenge to India ratings: Moody's

Last Updated: Tuesday, August 11, 2015, 11:06

Moody's currently rates India at 'Baa3', the lowest investment grade -- just a notch above 'junk' status.

Maharashtra govt contemplating long-term policy to bail out farmers

Last Updated: Friday, July 24, 2015, 15:04

Maharashtra government is mulling to bring in a long-term policy for drought-hit farmers which will ensure they get compensation amount commensurate to their crop losses.

Rains rally Asia crops in El Nino year, but relief seen short-lived

Last Updated: Friday, June 26, 2015, 09:03

"Australia is dry but we have received some rains on the east coast," the fund manager added.

Drought may hit rural economy, aggravating poverty

Last Updated: Monday, June 15, 2015, 12:44

India`s farm economy could contract this fiscal year for the first time in over a decade because of drought, threatening Prime Minister Narendra Modi`s drive to lift millions in the countryside out of poverty and bolster his party`s support.

Stocks tumble, Rupee weakens on RBI's concerns, drought fears

Last Updated: Tuesday, June 2, 2015, 19:13

In a double whammy, the benchmark BSE Sensex Tuesday plunged by 661 points, its biggest fall in nearly a month, and rupee went down by 11 paise as RBI took a cautious stance on economic recovery, while forecast of a deficient monsoon added to the rout.

Sensex tanks 661 points on RBI's cautious stance, drought fears

Last Updated: Tuesday, June 2, 2015, 17:16

The Reserve Bank cut interest rate by 0.25 percent for the third time this year but hinted there may not be any more cuts in the near-term sending stock markets in a tizzy.

California declares drought emergency

Last Updated: Saturday, January 18, 2014, 06:49

California`s worst drought in a century is devastating agriculture and destroying forestland, which is being consumed by wildfire, Governor Jerry Brown said today as he declared a state emergency.

Tornadoes, floods, drought cost US billions in 2013

Last Updated: Thursday, January 16, 2014, 04:38

Seven weather disasters, including tornadoes, droughts and floods, cost the United States more than a billion dollars each in damages last year, according to a government report issued on Wednesday.

119 mandals in Andhra Pradesh declared drought-hit

Last Updated: Friday, January 3, 2014, 21:32

Andhra Pradesh Government declared 119 mandals in 7 districts as affected by drought during 2013 kharif season, taking into consideration the deficient rainfall and other parameters like crop loss.