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Fear over 'below normal' monsoon rains: FM

 

PTI | New Delhi, June 22, 2011 14:51
Tags : allaying | below normal | monsoon rains | IMD | LPA | agriculture | finanace minister |
 

Allaying concerns over the forecast of 'below normal' monsoon rains during the current season, Finance Minister Pranab Mukherjee on Wednesday, said the projections are only a shade below the annual average.

"Let us wait for some more time," Mukherjee said here on a query related to the monsoon rains.

The India Meteorological Department (IMD) on Tuesday, said monsoon rains are expected to be below normal at 95 per cent of the Long Period Average (LPA), with margin for error of plus or minus 4 per cent.

A below normal monsoon can have a serious fallout on agricultural input.

"They (IMD) are saying it would be around 95 per cent and normal average is 98 per cent," the Finance Minister said.

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Issue Dated: Feb 5, 2017