'Monsoon good so far, govt still ready with contingency plan'

Image
Press Trust of India New Delhi
Last Updated : Jun 24 2015 | 4:57 PM IST
The government is ready with a contingency plan despite an above normal monsoon so far, and Agriculture Ministry has been asked to take care of any situation if rains remain deficient going forward, Minister of Science & Technology Y S Chowdary said today.
"Monsoon definitely not only revived but it is very encouraging. In few pockets, there may have some issues but across the country it is going to be very good.
"Government is ready with contingency plan in some states. We have already informed the Agriculture Ministry to take care (of that). And by and large is it very positive now," Chowdary said on the sidelines of an event organised by Yes Bank promoted Yes Institute that works towards attracting funds for social innovation.
Meanwhile, India Meteorological Department (IMD) has predicted deficient rains for the June-September season this year.
However, private firm Skymet has predicted an above normal monsoon.
Chowdary said the Ministry has many areas under its ambit, including power saving, solar, structural design, green energy and landscape.
"In the Ministry, we have many areas, power saving, solar, structural design, all these areas are very crucial. We can participate in many areas from green energy to landscape. Our Ministry has a very broad spectrum.
"We are seriously thinking of creating smart cities and science cities. So every smart city can be attached with the science city. In the area of science and technology we can inspire lot of young people to get involved," he said.
The Minister also said that the government is thinking of connecting with various countries on a collaborative working model to work towards these goals.
He said the government wants to focus on green energy.
"Particularly in power sector they want to reduce the usage of fossil fuels. It's a long term plan. Softbank (of Japan) is a great initiative," he added.
Two days earlier, Japan's SoftBank Corp had committed an investment of USD 20 billion for setting up solar power projects in India in partnership with domestic telecom giant Bharti Enterprises and Taiwan's Foxconn.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 24 2015 | 4:57 PM IST

Next Story