Finance Secretary Arvind Mayaramtoday said the forecast of below normal monsoon is not"alarming" as of now but the government is keeping a watch. 

He said the country has strong foodgrains reserves to tackle any shortfall in production due to erratic rains.   

"The Met department prediction shows a little less rain than average. It is not alarming at this point of time but we have to watch. We believe that we have a very strong reserves position," Mayaram told reporters on the sidelines of an even there.   

According to official data, state-run Food Corporation of India held a stock of 41.6 million tonnes of wheat and11.4 million tonnes of paddy till June.