For the second successive year, Monsoon is likely to be below normal with parts of north-west and central India to be the most affected.
With global markets pushing ahead, enthused by strengthening US jobs market, and also due to prospects of European rate hike, Indian markets also continued the march ahead.
Critics argue that much more could have been done and that the government was slow to react to many events.
Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
In the first of a two-part series, Business Standard examines the impact of the upcoming summer on agriculture and drinking water supply.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
Sensex ends belowe 26,800 on domestic concerns.
Sesnsex ended the day flat on heavy selling pressure.
Markets closed in the red on domestic worries.
The IMD came out with a dismaying prediction.
Mumbai received 231.4 mm rain in the last 24 hours, while Thane received 229.81 mm.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
Growth in cities has lagged villages as consumers troubled by persistently high inflation have cut spending in the past two years.
The flood situation eased in Assam and northern districts of West Bengal with water receding and no fresh deaths being reported in both the states.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
While the IMD had forecast a 'normal' monsoon for the entire season, Skymet stated that rain this year would be 'below normal', report Sanjeeb Mukherjee and Sahil Makkar.
The IMD on its part is sticking to its forecast of July rainfall.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
'We are not saying we are going to face a drought... We are a doing and performing government. A contingency plan is being prepared,' Science Minister Dr Harsh Vardhan tells Rediff.com
Sensex eneded lower on poor perfromance by financials and IT stocks.
Sensex climbs higher on favourable global cues.
More than 3,000 squads under health and local self-government departments have started the process of cleaning houses and public places, official sources said.
Her elfin face could be seen and once more after many days the victim of this murder had a face and a presence.
The well-irrigated states of Punjab, Haryana, Karnataka, western Uttar Pradesh and coastal states such as Odisha are, for the first time, feeling the effects of a poor monsoon.
Full capital convertibility means a foreign investor can repatriate his money into his own local currency at will.
The first two units of the Kudankulam nuclear plant will discharge 6.3 billion litres of waste water every day right onto the beach. This discharge will trigger a slow-motion disaster that will poison beaches, devastate near-shore fisheries and choke the livelihood of fisherfolk in the vicinity, says Nityanand Jayaraman.
There should be one comprehensive and credible report on weather for India since a major part of the economy is dependent on it, says 'weather man' Angshujyoti Das.
Shyamvar Pinturam Rai and Pradeep Waghmare. Both erstwhile employees of Peter and Indrani Mukerjea. In the witness stand on Monday, Waghmare came across as a cheerful, straightforward man who is attempting to clamber his way towards prosperity. In the witness stand on Friday, Rai shed his customary jauntiness and broke down weeping, begging forgiveness from CBI Special Judge Jayendra Chandrasen Jagdale.
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