Monsoon in August was almost 24 per cent below normal, which was the sixth driest August since 1901. It came on the back of a 7-per cent monsoon shortfall in July.
'The Bills (Bharatiya Saksha, Bharatiya Nagarik Sanhita and Bharatiya Nyaya Sanhita) are arbitrary, opaque and ambiguous and structurally quite violent.'
'We suggest an equity strategy of 5% to 10% exposure to cash, 5% to Gold ETF, close to 50% to Sensex/Nifty/large mid-cap stocks.'
Three of the fence-sitters rule fairly large states Andhra Pradesh, Telangana and Odisha that together send 63 members to Lok Sabha -- where the Congress or other opposition parties have been pushed to the margins.
All efforts should be on relief, restoration and rehabilitation, Nadda told reporters in Shimla after visiting the rain-affected areas of Poanta in Sirmaur and Shimla town.
In a blistering attack against the BJP over the violence in Manipur, Congress leader Rahul Gandhi on Wednesday alleged that its politics had "murdered Bharat Mata" in the northeastern state and termed members of the ruling party "traitors".
Members from parties like the Congress, the Trinamool Congress, the Left parties and the Rashtriya Janata Dal created uproar in both the Lok Sabha and the Rajya Sabha as soon as the Houses met for the day.
Gold demand in rural India is expected to be lower this year with weak monsoon affecting household savings, according to the World Gold Council (WGC).
The Indian Meteorology Department also predicted some respite from the severe heat wave prevailing in several parts of the country.
The transmission of dengue is closely associated with three key factors -- rainfall, humidity and temperature -- that dictate the geographies in which it spreads and the transmission rate of the viral infection caused by the dengue virus (DENV), and transmitted to humans through the bite of infected mosquitoes.
'Temperature and wind can be predicted more easily than rainfall.' 'Rainfall, as common experience suggests, is very spotty.' 'The last bit of physics required that tells us whether it is going to rain or not is very hard.' Professor Roddam Narasimha, the eminent scientist, explains the monsoon, climate change and global warming, in a fascinating conversation with Shivanand Kanavi.
From Indian poet and philosopher Thiruvalluvar to English great William Shakespeare, Lok Sabha members quoted extensively from literature to put across their arguments as they raised the Manipur issue during a debate on the no-confidence motion over the past two days.
IMD Director General Mrutunjay Mohapatra said the department's modelling indicate formation of a cyclonic storm around May 9, but its movement and intensification may be determined after the low pressure area actually forms on May 7.
The country's unemployment rate in July fell to 6.80 per cent, the lowest level in the last six months, amid rising agriculture activities during monsoon, according to Centre for Monitoring Indian Economy (CMIE) data. The unemployment rate dropped to 6.80 per cent in July from 7.80 per cent in June, the CMIE data said. Rural unemployment declined 6.14 per cent to 272.1 million last month from 265.2 million or 8.03 per cent in June, it said.
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S&P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
The United Progressive Alliance government's confidence about getting legislative business done in the monsoon session of Parliament, beginning August 5, might be misplaced.
The festive season will mean business for the steel industry as it is the time when automotive and consumer appliance companies bump up demand to prepare for higher sales, experts have said. Ranjan Dhar, chief marketing officer at ArcelorMittal Nippon Steel India (AM/NS India), said that bookings by auto and consumer appliance industries are 20 per cent higher ahead of the festive season compared to last year. "While this could be for a couple of months, it could normalise later at approximately 10 per cent," he said.
The session, which will continue till August 11, is likely to discuss issues like lynching incidents and vigilantism, the Kashmir situation and the border stand-off with China.
An interesting version of the classic puran poli.
The monsoon session of Parliament which saw many disruptions since it began on July 20 over the Manipur violence issue, is set to become more turbulent with the government likely to introduce a bill in the Lok Sabha to replace the Delhi services ordinance.
As much as 46 per cent of the respondents in India are looking to travel in October-December, even as only six per cent of them have made bookings, indicating that most of them may look either for last-minute deals or opt for a road journey, as per a survey. The survey, conducted by the online platform LocalCircles, also revealed that the festive season (October-December) is likely to see a 60 per cent jump in citizens travelling as compared to the monsoon season (August-September). About 34 per cent of respondents said they are planning to visit family and friends in October-December.
India's unemployment rate surged to a one-year high of 8.3 per cent in August as employment sequentially fell by 2 million to 394.6 million, according to data from the Centre for Monitoring Indian Economy (CMIE). During July, the unemployment rate was at 6.8 per cent and the employment was 397 million, the CMIE data added. "The urban unemployment rate is usually higher at about 8 per cent than the rural unemployment rate, which is usually around 7 per cent.
The 55 basis point (bps) spike in the US 10-year bond yield, triggered by a combination of FOMC's hawkish commentary and BOJ's relaxation of the yield control curve (YCC) has made analysts cautious on Asian equities and expect them to trade sideways in the short-to-medium term.
'The idea of subversive activities is so vague that it could include making fun of the government, being critical of the government.'
Cement manufacturers' show during the June 2023-ended quarter (Q1FY24) has indicated an intensified slugfest for market share. For instance, Dalmia Bharat (Cement) said it has lost market share in eastern India owing to lack of price discipline. Industry analysts also said that the seasonal weakness in cement prices for Q1 is showing up earlier than usual.
Congress President Rahul Gandhi on Monday wrote to Prime Minister Narendra Modi.
The Congress' chief whip Jairam Ramesh, said, 'Today, too, the INDIA parties demanded the prime minister's presence in the Rajya Sabha to make a statement on Manipur, to be followed by a discussion.'
Union Home Minister Amit Shah introduced the bill in the Upper House of Parliament. He said the proposed legislation is aimed at providing effective and corruption-free governance in the national capital.
From issuing whips to arranging ambulances for their ailing leaders, opposition parties from the newly-formed Indian National Developmental Inclusive Alliance (INDIA) bloc are making all-out efforts to ensure that they get 100 per cent attendance of their MPs in the Rajya Sabha to give the Bharatiya Janata Party a tough fight on the Delhi services bill next week.
The government has identified nine key focus areas in the AI national programme, including agriculture, education, Indian languages, smart cities, cybersecurity, transportation, and finance.
'If we have to restrict and fight terrorism, first and foremost, we have to ensure communal harmony in the country.'
The Government of National Capital Territory of Delhi (Amendment) Bill, 2023, which will replace an ordinance promulgated for handling the transfers and postings of senior officers in the city government, was passed in the Lok Sabha on Thursday amid a walkout by opposition parties.
'Investors should look to incrementally allocate towards equity from a medium-to-long term horizon.'
The industry expects Iran to purchase at least 1 million tonnes this financial year
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
The experts said that the thicker coats, high parasite load and moisture create a perfect recipe for dermatitis with fly strike on top of it compounding the infection and compromising the skin's integrity.
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
Ahead of the monsoon session of Parliament, Lok Sabha Speaker Om Birla on Saturday sought cooperation of all parties for the smooth conduct of proceedings with "decency, dignity and discipline", even as the Opposition demanded discussion on the Agnipath scheme, unemployment and farmers' issues.
I remember a showbiz wedding during which guests had to sit through several painstakingly rehearsed but awkward dances performed by the bride's and groom's relatives. When Karan rolled his eyes, I smiled and said to him, 'You started it, now you suffer it.' An enchanting excerpt from Anupama Chopra's A Place In My Heart.
The sharp rally in the broader markets has propelled India's market capitalisation (m-cap) to a new high. The combined m-cap of all BSE-listed firms rose to Rs 291.9 trillion in intraday trade on Thursday before settling lower at Rs 290.9 trillion. The previous record was on December 14, 2022, at Rs 291.3 trillion.
