El Nino, Lost crops, La Nina, IMD, We didn't start the fire No we didn't light it But didn't try to fight it
I'm a big fan of the Billy Joel song, but I had to edit the last line
(and the first one). India (and Indians, by default) could well be
headed for it's worst year in the last decade. No matter what our
meteorological department says, we haven't seen rains this year, at
least in the south. August rains are predicted to be pretty strong, but
the precipitation lost in the last two months could be costly. Though it
may have sounded like one, this is not a weather update, and this could
have major implications on our lifestyles in the coming months.
hovers at around Rs. 33-35 a kilogram. How about sugar at Rs. 60 or 70?
The whole of India (especially the North) would go into a tizzy. The
present Sheila Dixit dispensation in Delhi got the first real taste of
success after the onion price rise in the run up to the elections that
brought down the incumbent BJP government. How about aaloo at Rs. 50 per
kilo? And how about Rs. 60 for a kg of rice? If you thought the Food
Corporation of India and their rotting warehouses would save us from a
stratospheric price rise in food grains (like the Strategic Petroleum
Reserve and their salt domes filled with oil in the US), you could be in
for a rude shock.