Business Today - - THE BUZZ - – Niti Ki­ran

RE­COV­ER­ING RAINS are yet to bring any cheer. Three of the four weeks of June wit­nessed rains that were be­tween 14 and 38 per cent less than the long pe­riod av­er­age (LPA). By the month end cu­mu­la­tively, rains were 10 per cent be­low LPA. How­ever, good progress of the mon­soon dur­ing July grad­u­ally re­duced this deficit to 2.8 per cent, on a cu­mu­la­tive ba­sis (June-July 25). The wor­ri­some part, how­ever, is the skewed dis­tri­bu­tion of the rain. The agrar­ian Gangetic belt wit­nessed poor pre­cip­i­ta­tion. The deficit in Bihar, east­ern and western Ut­tar Pradesh ranged be­tween 35 per cent and 43.4 per cent. The progress of sow­ing rain-fed kharif crops has been slow too. As on July 27, 2018, ce­re­als sow­ing stood 10.7 per cent lower than it was in the cor­re­spond­ing pe­riod last year. Rice and pulses saw a de­cline of 12.4 per cent and 8.7 per cent re­spec­tively dur­ing the pe­riod.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.