In 2014, the annual rains hit the Kerala coast on June 6. India received deficient rains during the monsoon season last year, which reduced grains output in the nation.
The Japanese brokerage says the possibility of El Nino conditions is developing this year and this could possibly push food inflation temporarily higher.
The Prime Minister said that he has also asked banks to restructure loans of affected farmers and instructed insurance companies to pro-actively settle their claims.
Reports of potato farmers committing suicides have emerged from Uttar Pradesh (the largest producer) and even from West Bengal.
India's biggest sugar producing state, Maharashtra, approved a subsidy of Rs 1,000 per tonne for raw sugar exports, a senior state government official said.
Subramanian also said inflation is not expected to run up in the medium-term due to the recent unseasonal rains.
Prime Minister Narendra Modi wants to promote a "per drop, more crop" approach to farming to make better use of scarce water.
IL&FS Financial Services MD and CEO Ramesh C Bawa steps down
Google tweaks privacy policy for Indian payment app after Paytm complaint
I-T officials conducting survey since Sep 19: Jet Airways
Sebi issues revised KYC norms for foreign portfolio investors
PM has betrayed India: Gandhi on Hollande's reported remarks on Rafale deal
Reliance Jio Prime vs Airtel, Vodafone, Idea 4G offers
Reliance Jio plans to bring 5G internet to your smartphones
Maruti Suzuki opens online booking for Baleno RS
India Inc to get 9.5 per cent salary hike this year
Five tips to get a good salary hike this year
Google may be tracking your offline purchases with Mastercard's help
Facebook's dating service is live, but not everyone can use it
Nokia 7.1 Plus may be unveiled at HMD Global's launch event on October 4
iPhone users take note! WhatsApp won't run on these devices
GoPro Hero7 Black launched with gimbal-like stabilisation