The Centre has reviewed the monsoon situation, noting a reduced rainfall deficit and ongoing preparedness for the kharif season amidst El Nino concerns. A high-level meeting chaired by the Principal Secretary to the Prime Minister discussed measures across various sectors, emphasising continuous monitoring and coordinated action to mitigate potential impacts on agriculture, water resources, and essential commodities.
The Indian government has identified 111 districts as 'most vulnerable' to crop damage due to a 43 per cent monsoon deficit, driven by El Nino, which threatens kharif sowing. Agriculture Minister Shivraj Singh Chouhan stated that weak monsoon conditions are expected to persist until July 2, prompting contingency plans and recommendations for alternative, less water-intensive crops.
After a subdued start, the southwest monsoon has gathered pace since the beginning of July, narrowing the cumulative rainfall deficit from nearly 30 per cent on June 30 to around 15 per cent as of July 8.
"Rather than worrying, preparation is required. Contingency plans will be made for affected districts and crop changes will be considered wherever necessary"
The Indian government has dismissed concerns that the use of E20 fuel could affect the validity of vehicle insurance policies, stating that the ethanol blending programme remains safe, consumer-friendly, and economically beneficial.
Prime Minister Narendra Modi lauded young Indian innovators for the country's first privately developed orbital rocket, Skyroot Aerospace's Vikram-1, which made India the third nation with private orbital launch capabilities. While praising the 28-year-old average age of the Skyroot team, Modi made a veiled remark about a "56-year-old young man," widely understood to be a dig at Congress leader Rahul Gandhi, who recently turned 56.
India's finance ministry anticipates inflation will remain relatively contained in the coming months, supported by a correction in crude oil prices and softening input costs following the cessation of the West Asia conflict, despite earlier spikes in wholesale and retail inflation.
'The real shock is going to be from a deficient monsoon.'
India's wholesale price inflation (WPI) increased to 9.87 per cent in June, up from 9.68 per cent in May, primarily due to significant price increases in non-food and food products, with food inflation alone rising to 5.49 per cent.
Senior Congress leader Arun Yadav has criticised the BJP government in Madhya Pradesh, alleging neglect of farmers and the enabling of mafia activities.
India and the United States have reviewed progress on a proposed interim bilateral trade agreement, discussing market access, digital trade, and non-tariff barriers, as they race to finalise a deal before a temporary 10 per cent US tariff regime expires on July 24.
The southwest monsoon has advanced across northern Indian states, leading to widespread rainfall, waterlogging, road blockages, and rain-related deaths, particularly in Himachal Pradesh and Rajasthan. The Centre is monitoring the situation, especially concerning potential drought conditions in some areas due to the El Nino effect.
India may press for an automatic review mechanism in its proposed interim trade deal with the United States (US), mirroring a sunset clause introduced by the European Parliament in its trade agreement with Washington, people aware of the negotiations said. The European Parliament last week approved the EU-US trade deal but inserted a sunset clause requiring the arrangement to expire on December 31, 2029, unless both sides agree to extend it.
'Why not aspire for 8 or 9 or even 10 per cent?'
Ten days after the expansion of the BJP government's cabinet in West Bengal, key portfolios have been allocated, with senior leader Tapas Roy taking charge of industries and journalist-turned-politician Swapan Dasgupta appointed finance minister.
Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes while recycling of old jewellery has increased following the recent hike in import duties.
Sarthak Sidhant, a 17-year-old student from Jharkhand affected by CBSE's online marking system, made a presentation before the Parliamentary Standing Committee on Tuesday on alleged irregularities in the tendering process for the selection of vendors for online marking of Class 12 answer scripts.
Karnataka Minister K H Muniyappa has publicly voiced his dissatisfaction with the portfolio allocation in the new D K Shivakumar government, citing a lack of consideration for seniority. He urged the Congress leadership to review the assignments, highlighting his preference for portfolios like Social Welfare or Agriculture, and noted that another senior minister, Ramalinga Reddy, also resigned over the issue.
'This system will be of immense help in agricultural planning, disaster management and water resources management.'
Prime Minister Narendra Modi announced that the India-UK Comprehensive Economic and Trade Agreement (CETA) will come into effect on July 15, 2026, anticipating a significant boost to bilateral trade and investment.
The Indian government has issued a stern warning to industrial users who are reportedly procuring cheaper retail fuel instead of industrial-grade fuel, leading to significant losses for state-run oil marketing companies (OMCs) and potential local shortages. This diversion, driven by a substantial price difference between retail and bulk diesel, is adversely impacting OMCs, which are absorbing daily losses of approximately 550 crore to keep retail prices stable.
The incidents resulted in 1,468 human deaths and 337 injuries, making it one of the country's gravest wildlife-related crises.
Dr Subhash Kashyap not only enhanced Parliament's image in India and abroad, but also the position of Lok Sabha secretary-general which succeeding secretary-generals have upheld thorough neutrality, objectivity and high degree of professionalism, notes Rup Narayan Das.
India's procurement of Venezuelan crude oil has picked up momentum since April and the South American nation has already emerged as the third largest oil supplier to the country.
Public-sector banks (PSBs) in India have reported an 11.2 per cent year-on-year rise in net profit, reaching a record 1.98 trillion in FY26, marking their fourth consecutive year of profitability, driven by sustained business growth, improved asset quality, and strong capital positions.
Chief Economic Advisor V Anantha Nageswaran stated that India's economy is projected to return to a 7 per cent-plus growth trajectory by 2027-28 (FY28), or sooner if external conditions improve, despite near-term challenges from the West Asia crisis.
Prime Minister Narendra Modi's visit to Italy concluded with the elevation of India-Italy relations to a Special Strategic Partnership, focusing on enhanced cooperation across various sectors.
Union Minister Jitendra Singh launched two advanced weather forecast products developed under the Ministry of Earth Sciences (MoES), aimed at delivering hyper-local, impact-based and artificial intelligence (AI)-driven weather services across India.
India's newly formed Artificial Intelligence Governance and Economic Group (AIGEG) is set to advocate for a unified legal framework for AI companies, including developers of large language models and chatbot systems, alongside broader operational rules.
Maharashtra minister Manikrao Kokate was shifted from the agriculture ministry to the sports and youth welfare department in a late-night reshuffle. Dattatrey Bharne will be the new agriculture minister. The reshuffle comes after Kokate faced controversy for playing online rummy during a legislative council session and allegedly equating farmers with beggars.
TVK chief Vijay has released his manifesto for the Tamil Nadu Assembly elections, focusing on women's welfare, education, agriculture, and job creation.
The amazing story of how a little known cheese from Ladakh stunned the world!
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
The finance ministry has clarified that its letter to state chief secretaries, urging them to align their bonus policy to promote pulses, oilseeds, and millets, was an advisory and not a directive. This clarification comes in response to Tamil Nadu Chief Minister M K Stalin's criticism, who called the advisory a 'treacherous act against farmers'.
Himanta Biswa Sarma's return as Assam's Chief Minister underscores the BJP's increasing dominance in the northeast, marked by both development and divisive policies.
TVK founder Vijay, upon becoming Chief Minister, approved free electricity units and special forces for women's safety and anti-drug efforts. He pledged a commitment to secularism and social justice, asserting his authority as the sole power centre.
India and the US have reported positive progress in recent trade talks in Washington, agreeing to maintain engagement to finalise a bilateral trade agreement, which now requires recalibration following new US tariffs.
If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.
The conflict may disrupt Budget 2026-2027 projections, squeezing revenues and raising subsidies, prompting fiscal adjustments and potential reforms, echoing lessons from the Covid-era shock, points out A K Bhattacharya.
Nath's comments came amid the Congress party's continuous attack on Centre for the recent hike in commercial LPG cylinders and the Aviation Turbine Fuel (ATF).
