12 percent rain deficit for India as Southwest monsoon winds up officially

As India marks the official end of Southwest Monsoon Tuesday, it is left with a -12 per cent rain shortfall after a third of its territory witnessed deficient precipitation during the wet season.

Poor monsoon may hit farm loan recovery: IBA

Weak monsoon might spell a trouble for the banks as it may lead to poor loan recovery from the farmers, the Indian Banks` Association (IBA) has said.

Punjab, Haryana, UP rice production may dip by 25%: Assocham

The major paddy growing states of Punjab, Haryana and Uttar Pradesh, are likely to see 20-25 percent decline in non-basmati rice production this kharif season.

Poor monsoon may dampen growth prospects in 2009-10: PMEAC

Poor monsoon will have a dampening effect on the country`s economic growth rate and it could slide to six per cent during the current fiscal, Prime Minister`s Economic Advisory Council (PMEAC) C Rangarajan said here on Monday.

Moody`s says poor monsoon may dent recovery, widen social gap

Moody`s on Thursday expressed concern
that a poor monsoon may drag India`s economic recovery, if not
quite "derail" it.