Banks can extend loan repayment up to 5 years for crop loss: RBI
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.
Aug 21, 2015, 21:44 PM IST
Moody's links India's credit rating to drought vulnerability
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.
Aug 11, 2015, 18:25 PM IST
Drought may hit rural economy, aggravating poverty
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.
Jun 15, 2015, 12:44 PM IST
Stocks tumble, Rupee weakens on RBI's concerns, drought fears
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.
Jun 02, 2015, 19:13 PM IST
Sensex tanks 661 points on RBI's cautious stance, drought fears
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.
Jun 02, 2015, 17:16 PM IST
Indian gold premiums dampen physical demand
Commodity Transaction Tax (CTT) should be withdrawn so that the volumes can be brought back on the exchanges.
Jul 08, 2014, 17:59 PM IST
Onion sells at Rs 40/kg in NCR on drought fears, fewer supply
Onion prices in retail markets of the National Capital Region continue in the range of Rs 35-40 per kg due to fears of drought and fewer supplies from key states.
Jul 06, 2014, 00:55 AM IST
Arun Jaitley says drought report is 'no cause to panic'
Speaking less than a week before his first budget speech to parliament, Jaitley said the government was worried that global crude prices would rise because of violence in Iraq.
Jul 04, 2014, 14:49 PM IST
Worst impact of poor monsoon likely to be in west India: Govt
The worst impact of a sub-normal monsoon is likely to be in western India, with possible drought-like conditions in some areas, Agriculture Minister Radha Mohan Singh said Tuesday.
Jul 01, 2014, 17:26 PM IST
