EGoM on drought likely to decide on relief measures today

July 31, 2012

pawar

New Delhi, July 31: An Empowered Group of Ministers on drought, headed by Agriculture Minister Sharad Pawar, is scheduled to meet on Tuesday for deciding on relief measures to tackle drought-like situation in some states that has led to fodder and water scarcity.

As of now, monsoon rains are deficient by 21 per cent across India, affecting sowing of kharif crops. Karnataka, Maharashtra, Gujarat, Haryana, Punjab and West Rajasthan have been the worst-hit regions this year.

On Sunday, Pawar had said the country could face serious situation if rains do not occur in next two months.

Sources said the Empowered Group of Ministers (EGoM) would primarily focus an addressing fodder and water scarcity, besides insulating farmers from higher input cost.

The panel would also discuss steps such as the possibility of stockholding limits and ban on futures trade in agri-items for controlling food inflation. Pointing out that the scarcity of fodder and water was a major cause of concern in most states facing drought-like situation, sources said the EGoM is expected to deliberate on evolving a water management plan to ensure judicious use of water besides providing sufficient supply of fodder.

That apart, the EGoM may discuss providing subsidy on power and diesel for farmers and also take a view on relief packages sought by the state governments, particularly Karnataka, Maharashtra and Punjab, the source added. The government has conceded that production in 2012-13 would be lower than the last year's record output.

"It is certainly not possible to achieve 257.44 million tonnes of foodgrains production this year. It is too early to say how much would be the actual fall in output," Agriculture Secretary Ashish Bahuguna told PTI last week.

Sowing area of total kharif crops has declined by 10 per cent so far at 66.82 million hectare. Coarse cereals is worst affected with 23 per cent shortfall, followed by pulses (18 per cent), paddy (9 per cent) and cotton (7 per cent).

The country had faced severe drought in 2009 which had brought the foodgrain production down to 218 million tonnes.

The EGoM will also consider a proposal by the Rural Development Ministry to provide safe drinking water to states affected by drought-like conditions. The ministry has proposed to provide Rs 15 crore, Rs 12 crore and Rs 11 crore to Maharashtra, Karnataka and Rajasthan, respectively, to help them ensure availability of drinking water in districts affected by drought-like situation, sources said.

"The issue of providing safe drinking water was raised by Agriculture Minister Sharad Pawar in a meeting held on July 26," they added. The Rural Development ministry plans to provide the amount to the affected states withing 15 days of its approval by the EGoM, sources said.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
June 26,2020

Jun 26: The Supreme Court on Friday permitted the Centre and the CBSE to cancel the remaining board examinations due to the COVID-19 pandemic and gave the go-ahead for the scheme to award marks to students for the cancelled papers scheduled to be held in July.

A bench of Justices A M Khanwilkar, Dinesh Maheshwari and Sanjiv Khanna permitted the CBSE to issue a notification for the cancellation of the examinations.

Solicitor General Tushar Mehta, appearing for the Centre and the CBSE, said that the assessment scheme would consider marks scored by students in the last three papers of the board exams.

Both CBSE and ICSE told the top court that the results of the class X and XII board exams can be declared by the middle of July.

The top court was hearing pleas seeking relief, including scrapping of remaining exams of Class 12 scheduled from July 1 to 15, in view of increasing number of COVID-19 cases. Similar relief was sought by the ICSE Board also.

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News Network
March 2,2020

Feb 2: The Supreme court on Monday decided to hear on March 4 a plea seeking registration of FIRs against politicians for hate speeches which allegedly led to violence in the national capital.

A bench headed by Chief Justice S A Bobde agreed to hear the plea filed by riots victims.

The petition was mentioned for urgent listing by senior advocate Colin Gonsalves, appearing for the riots victims.

Gonsalves said that the Delhi High Court has deferred for four weeks the matters related to riots in the national capital despite the fact that people are still dying due to the recent violence.

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