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Showing posts from July, 2012

Government's Imbeclie Meteorological Department and Drought in India

There is a drought this monsoon season in India. It is now being officially acknowledged by the agriculture minister. In a recent meeting with the press Sharad Pawar - the agriculture minister - said ,"be ready to face drought". This same minister, until this week was saying , "there is no drought like situation in the country yet". Not only this, government's imbecile meteorology department is issuing one after another wrong forecast of monsoon season since mid April e.g., on 17th April Met department said , India's monsoon is likely to have average rainfall in 2012 despite fears the El Nino weather pattern may emerge in the second half of the season, the country's top weather official said, pointing to a third straight year without drought. On 15th May the Met department again said , India's 2012 monsoon rains are likely to hit the Kerala coast on time on June 1, the weather department said on Tuesday, brightening farm output prospects as

Exposing the Alleged Trade-off between Inflation and Economic Growth

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My Weekly Economic Report: Inflation, Stimulus Package for Industry, Farm Credit, Govt Fiscal Deficit and more...

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