The country received 14 mm rainfall from June 1-6 as against 19.9 mm, the normal.
Monsoon normally hits Kerala on June 1 but this year, Met department had predicted that it will hit the state on June 5.
Northern India experienced a slide in temperatures across the region even as the country's south welcomed the south-west monsoon which set in over Kerala and Lakshwadeep on Saturday.
The most serious recommendations to change the financial year came in the years preceded by deficient rainfall. The Jha committee was formed after droughts in 1979-80 and 1982-83, reports Rishika Pardikar/IndiaSpend.
The crucial south-west monsoon is expected to bring its first showers to Kerala on June 3, a slight delay that could be attributed to the cyclone activity over the Bay of Bengal. "Southwest monsoon onset over Kerala is likely to be on June 3," said Chief Monsoon Forecaster, India Meteorological Department D Sivananda Pai.
'After the 4th of May we can expect thunderstorms, dust storms and some rain over a large area of north India.'
Terming the poor monsoon so far as 'unfortunate', Finance Minister P Chidambaram said the contingency plans are in place to help farmers replant alternate crops as well as supply drinking water and fodder.
The wholesale price index based inflation in June declined to 7.25 per cent from 7.55 per cent in the previous month.
India has not reached the drought situation yet, although it faces the challenge of maintaining record foodgrains production due to weak monsoons this year, Agriculture Minster Sharad Pawar said on Monday.
The Reserve Bank's rate-setting panel, Monetary Policy Committee (MPC), began its three-day deliberations on Wednesday amid expectations of a status quo on benchmark rate mainly on account of uncertainty over the impact of the second wave of COVID-19 pandemic. Moreover, the fears of firming inflation may also refrain the MPC from tinkering with the interest rate in its bi-monthly monetary policy outcome to be announced on Friday. The RBI had kept key interest rates unchanged at the last MPC meeting held in April.
The downward surprise in Q2 stemmed from a stronger-than-anticipated drag from gross fixed capital formation and marginal weakness in private final consumption expenditure. In Q3, projection errors emanated mainly from a steep unanticipated contraction in gross fixed capital formation, which was the deepest in the new series of GDP.
The cyclone is likely to bring heavy rainfall in its wake in parts of Maharashtra, Gujarat and Goa. The light showers/drizzle in parts of Mumbai city, its suburbs and neighbouring districts of Thane and Palghar on Monday morning brought some respite to people from the sweltering heat and humidity.
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On food inflation, RBI said it is likely to soften from the high levels registered in December and the decline is expected to become more pronounced during the fourth quarter of this fiscal as onion prices ease following arrivals of late kharif and rabi harvests.
While a normal rainfall signals growth and prosperity, a below normal rainfall could spell disaster making food more expensive, aggravating the power, water shortage, hitting industrial production which in turn will put more pressure on the government's kitty.
Gearing up for the South West Monsoon, which is not far away, Ayurveda and Tourism industry in Kerala are all set to woo tourists with rejuvenation packages and never before offers to beat the lean rainy season.
While the city received some showers late Wednesday night, it remained almost dry on Thursday.
The CII has suggested a 5-point agenda on the measures that need to be undertaken by central and state governments to stave off the adverse effects of a deficient monsoon. Let's find out what this agenda is. . .
Heavy rains coupled with strong winds claimed 46 lives in Maharashtra even as hot conditions prevailed in North India on Wednesday.
Southwest monsoon, critical for the farm-based economy of the country, is expected to reach Kerala on May 30, two days before its normal onset date in the coastal state.
Prices of perishable items could spike in the near term.
Poor rainfall in rain-dependent central and southern India in the next three weeks could affect agricultural GDP growth in the coming season, a report by broking firm Motilal Oswal has said.
The forecast for better rains this seasons comes after India witnessed one of the worst droughts in recent times when the monsoon had failed last year.
The way India dealt with the impact of the global economic crisis and failure of the South-West monsoon was praise worthy, said Prime Minister Manmohan Singh in Lok Sabha on Friday.
The south-west monsoon is likely to hit the national capital in a day or two as pre-monsoon showers drenched the city on Tuesday, bringing respite to denizens who have been braving an intense heat wave for the past week. Various parts of the city received rains during the past 12 hours, which brought down the temperature to tolerable levels around 25 degree Celsius, the Meteorological office said. The city has received over 10 mm of rains in the past three days.
Analysts said the demand recovery in two-wheeler and car segments was skewed towards the semi-urban and rural markets.
A total of 71 people tested positive for rat fever in various hospitals in the state while 123 people approached hospitals with suspected symptoms of the disease.
'You should follow common sense precautions, avoiding low-lying areas that appear to be flooded,' says the warden advisory by the American Citizens Service Unit put up on the Consulate General of United States website of India on Monday. The advisory warns them of open manholes and non-existent sidewalks.
The south-west monsoon has set in ahead of schedule with heavy rains lashing the city on Saturday, the city's weather office said, issuing warning to fishermen against venturing into the sea. Road, rail and air traffic were disrupted badly.
As many as 57 villages were marooned and 60 mandals were affected. As many as 33,570 families were affected out of whom 9,257 families were evacuated and lodged in 31 relief camps.
Like last year's Surat floods, this year's calamity has exposed the chinks in the governance of a state boasting 10 to 11 per cent economic growth. Gujarat's monsoon is a timely reminder that macro- and micro-development need to be synchronised
The national capital received heavy precipitation resulting in waterlogging on several roads and traffic jams at various intersections.
RBI has retained the GDP forecast at 8.5 per cent for 2007-08; inflation kept close to 5 per cent this year.
There are no plans of creating artificial rain.
The south-west monsoon that had held itself back all through three weeks of the Sri Lanka-South Africa cricket Test series finally lashed Colombo on Friday.
Officials however warned of a 4.81 metre high tide in afternoon coupled with heavy showers, which may cause flash floods in low-lying areas in the city.
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