Wheat procurement may miss 30-mn tonnes target this year: Govt

Last Updated: Tuesday, April 28, 2015, 15:42

Government's wheat procurement this year may fall short of the initial target of 30 million tonnes (MT) due to crop damage following a recent spell of unseasonal rains and hailstorms.

More relief to distressed farmers on anvil: FM Jaitley

Last Updated: Sunday, April 26, 2015, 22:17

Concerned over woes of farmers on account of unseasonal rains and hailstorms and farmer suicides, Finance Minister Arun Jaitley Sunday said that Government will take more steps to provide liberal relief to the distressed lot.

Banks, states asked to help farmers in distress: Sinha

Last Updated: Friday, April 24, 2015, 17:05

The state-level bankers' committee and states have been asked to take immediate steps to mitigate the hardship of farmers following destruction of their crops by unseasonal rains and hailstorms, the government said on Friday.

Cotton output to be lower at 390 lakh bales in 2014-15

Last Updated: Thursday, April 23, 2015, 15:44

The government has lowered the estimates of cotton production for the 2014-15 season to 390 lakh bales from 400 lakh bales due to untimely rains and hail storm across the country.

UP, Rajasthan, Haryana worst hit by rains, seek Rs 10,100 crore relief

Last Updated: Tuesday, April 21, 2015, 15:55

Uttar Pradesh, Rajasthan and Haryana were the worst hit states in the recent unseasonal rains and hailstorm and have sought over Rs 10,100 crore as relief from the Centre for the affected farmers, the Lok Sabha was informed on Tuesday.

RBI instructs banks to restructure farm loans

Last Updated: Wednesday, April 8, 2015, 14:44

The Reserve Bank on Wednesday said it has instructed banks to restructure loans of farmers whose crops have been damaged by the recent unseasonal rains and hailstorms.

PM Narendra Modi announces higher compensation for farmers hit by unseasonal rains

Last Updated: Wednesday, April 8, 2015, 12:20

Modi said criteria of 50 percent crop damage for providing compensation to affected farmers has been reduced to 33 percent which will help more farmers to get compensation for their crop loss.

RBI pins hope on normal monsoon; expects inflation at 4% by August

Last Updated: Tuesday, April 7, 2015, 14:24

The Reserve Bank on Tuesday said it is assessing the impact of unseasonal rains and hailstorms on food prices even though it hoped that normal monsoon in the coming months would bring down retail inflation to about 4 percent by August.

RBI credit policy: Key Highlights

Last Updated: Tuesday, April 7, 2015, 12:03

Highlights of RBI's first bi-monthly monetary policy statement, 2015-16.

RBI credit policy: Rajan offers no respite to borrowers, keeps interest rates unchanged

Last Updated: Tuesday, April 7, 2015, 11:56

Reserve Bank Governor Raghuram Rajan on Tuesday kept policy rate unchanged awaiting clarity on impact of unseasonal rains on food inflation even as he wanted banks to pass on benefits of previous two rate cuts.

No EMI relief for borrowers as RBI keeps interest rates unchanged

Last Updated: Tuesday, April 7, 2015, 08:38

Reserve Bank on Tuesday left interest rate unchanged in its annual monetary policy due to increased food prices after unseasonable rains in various parts of the country.

Unseasonal rains to push CPI inflation to 6% in Q2 2015: Nomura

Last Updated: Monday, April 6, 2015, 16:27

Inflation momentum is likely to increase in the coming months largely due to unseasonal rains which could push CPI inflation to nearly 6 percent in next three months, says a Nomura report.