The weather department says there is again a lull, but rainfall activity may increase in the north-west India, including Delhi, around July 14, though only for a short period.
'Half of China, India, Pakistan, Bangladesh Nepal, Bhutan, Myanmar, which are among the most populous countries in the world, are dependent on the rivers and glaciers of the Himalayas for sustenance.'
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
The south-west monsoon arrived over Kerala after a delay of four days and its progress since then has been unsatisfactory. Forecasts of rainfall for June and July are not good, CMIE said.
Six people were killed in rain-related incidents in Uttar Pradesh where major rivers flowed above the red mark today as showers drenched several parts of the state.
'Urbanisation results in heavy rainfall events.'
Softening inflation, Das said would make available more policy space to the central bank to address risks to the growth going forward.
The displacements were a result of a combination of increasing hazard intensity, high population exposure and high levels of social and economic vulnerability, a report says.
Crops including fruit, vegetables account for 60% of GDP in agriculture, forestry, fishing sector.
"The main risk stems from the uncertainty surrounding the outcome of the south west monsoon in view of the rising probability of an El Nio event around July-August, and its implications for food inflation," RBI said, as it kept the status quo on key interest rate for the third time in a row.
With conditions not favouring its progress, southwest monsoon is expected to hit the Kerala coast by June 4, three days after its normal onset date, the MET department has said.
The incident is said to have occurred in the wee hours when a huge mound of earth fell on the 'row houses' and two children and five women were among the deceased, most of whom were plantation workers from neighbouring Tamil Nadu.
Reserve Bank-sponsored professional forecasters on Monday scaled down India's growth projection to 4.8 per cent for the current fiscal from 5.7 per cent estimated earlier.
The Reserve Bank on Monday pitched for creation of a conducive environment for investment and faster clearances of projects to boost economic growth which slowed to a decade low of 5 per cent in the previous fiscal.
The decisive election victory for the Narendra Modi-led National Democratic Alliance has created a conducive environment for policy actions and should help in economic recovery, Reserve Bank of India Governor Raghuram Rajan said on Tuesday.
'People in general have a kind of contemptuous attitude to those from Malappuram. But we have shown the entire world what dedicated and selfless work is.'
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
A large number of people, including senior citizens, women and children were airlifted from isolated buildings
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The RBI said lead indicators point to continuing sluggishness in domestic economic activity in the first quarter of 2014-15.
The Mumbai civic body asked all schools to remain shut and to ensure that the students were sent back home safely.
Lush agricultural lands have turned parch as groundwater levels deplete to new lows, and wells and water reservoirs go dry. While the administration points to deficient rainfall as a reason, experts and activists say the drought is mostly man-made.
'The last three decades were the era of D, where D stands for deforestation, destruction, degradation, disaster, damages, diseases, difficulties... and finally it leads to death.'
Next week could see some respite from the heat.
The S&P BSE Midcap and the S&P BSE Smallcap indices added 0.5% and 0.7%, respectively
Of all the pulses, tur appears to be the most desired.
If you are bullish on the consumption theme, consider specialised mutual funds that focus on this theme. Remember that such sectoral mutual funds should not make up more than 5% to 10% of your equity portfolio.
A number of significant linkages between rainfall and economic outcomes have policy implications.
The monetary authority said it was worried on three fronts with regard to inflation as well as the economy.
The broader market outperformed with the S&P BSE Midcap down 0.3%, while the S&P BSE Smallcap was little changed.
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
Rediff.com's A Ganesh Nadar journeys through villages and towns, districts and cities for a reality check.
Shutters of at least 22 reservoirs in the state have been opened to drain out excess water.
The Indian contingent of more than 300 navy personnel was assisting in the relief, with divers searching the brackish waters and medical teams seeing patients in makeshift tents set up at shelters.
'Only when you see it, you will understand how bad the situation is.' 'The soil in the entire mountain range is soaked with water now and that uproots the trees.' 'It is frightening to see the way the soil drags down the trees with great force.'
Five of the 12 BSE sectoral indices ended at 52-week highs; the oil and gas index zoomed by nearly 5%.
'The prime minister expressed concern and assured all possible help to the state,' CMO said.
'The rivers that caused the maximum problem were the ones that had dams built on them.'
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