Metals, auto and banking shares were in the limelight in this session; the FMCG pack, however, ended lower.
Indian farmers depend on June-September monsoon rains, as half of the country's farmland lacks irrigation facilities.
Sensex is under pressure due to concerns in the global market.
We had prepared a contingency plan for 580 districts, the minister said.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
While companies have not launched too many products in rural areas of late, easy financing has helped push up demand.
Prime Minister Narendra Modi spoke to Chief Minister Sarbananda Sonowal over phone and discussed about the prevailing condition on Monday.
'We have instructed all our officials to take complaints of water shortage seriously and attend to it immediately.'
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
State behemoth Coal India, the world's largest coal miner, has failed to raise its output fast enough to meet demand, and millions of Indians still go without power.
Pessimism largely emanates from the fact that the volume outlook for FY20 isn't encouraging at the moment.
Flexibly targeting inflation is consistent with a demand stimulus, says Ashima Goyal.
'Maharashtra has 34,000 active cases, of which 24,000 are asymptomatic, and hence need no medicines but are under quarantine.' '9,500 cases are showing mild to severe symptoms.' 'While 1,200 are seriously ill, only 200 of them are on ventilator support.' 'Let those claiming that the situation in the state has gone out of control, look at these numbers objectively before damaging the state's reputation for political gains.'
Chiekcn prices set to go up across cities in India.
Stating that COVID-19 has not yet been contained in India, the rating agency in a statement said the government stimulus package is low relative to countries with similar economic impacts from the pandemic. "The COVID-19 outbreak in India and two months of lockdown -- longer in some areas -- have led to a sudden stop in the economy. That means growth will contract sharply this fiscal year (April 2020 to March 2021)," it said. "Economic activity will face ongoing disruption over the next year as the country transitions to a post-COVID-19 world."
Rediff.com's A Ganesh Nadar journeys through villages and towns, districts and cities for a reality check.
Chief statistician T C A Anant says growth figure might go up once indirect tax data is fully in, however, he agrees that private expenditure is yet to pick up
The Covid pandemic has left a question mark on how the central government manages its staff.
After opting for status quo in policy rates, Reserve Bank Governor Raghuram Rajan on Tuesday said any more cut will depend on further transmission of previous rate cuts by banks, softening in inflation and progress of monsoon.
The report said forward-looking surveys and economic indicators along with rising business confidence provided hope that the decline in private corporate investment 'could be arrested' in 2014-15 and fresh investments of over Rs 1.2 lakh crore (Rs 1.2 trillion) 'could be realised'.
The current crisis Karnataka Chief Minister Siddaramaiah is facing is a cumulative effect of inattention to water management and the fiscal burden of populist promises, says Aditi Phadnis.
'If you want to keep a cow and do business you can keep it in your compound or your home, but not tie them up at public places.' Taking up this problem by its horns, the Brihanmumbai Municipal Corporation is planning to take action against all those who illegally tie cows to the footpaths and turn it into a business. The civic body has proposed to increase the penalty for tethering cows, bulls and horses to poles on roads and footpaths to Rs 10,000 from Rs 2,500. The proposal follows a request by Matunga corporator Nehal Shah, who said that at various places -- temples, footpaths and roadside corners -- cows are tied up to poles and passers-by pay owners to feed the animal. Speaking to Syed Firdaus Ashraf/Rediff.com, she says that tying up animals on the streets is tantamount to cruelty and that the steep fines will act as a deterrent.
'One of the biggest issues the Indian economy faces right now is of job creation...' 'The nexus between growth and employment has to be closed...' 'In the absence of a manufacturing expansion, the alternative is to have the service sector as the driver of both GDP as well as employment growth.'
Sensex in green in afternoon trade.
Incessant rains lashing Andhra Pradesh for the last five days have claimed 42 lives so far in various rain-related incidents like wall collapse and inundated crops in about eight lakh hectares, official sources said on Sunday.
The bigger worry is that its effects could linger well into the next financial year.
There is nothing the young Purvanchali wants more desperately than to escape to a place with less hopelessness, and some opportunity, discovers Shekhar Gupta.
'Things are far from normal. The roads are still under several feet of water and every time we venture out, it is a nightmare wading through the water that is no longer flowing but stagnant, filthy and foul-smelling. Shops are yet to stock up on supplies. Power supply is erratic and there is constant fear that it might go off again.' S Saraswathi recalls the horrific four days of her life.
Economist Dale W Jorgenson declares that India is doing "very, very well" and forecasts that India might continue to outrun world economies, including China over the next many years.
'We need to put aside our anxieties about the Budget for now and possibly for long, and carry on as best as we can,' advises Shreekant Sambrani.
Market experts poohpooh fears of capital flight from India.
Don't forget to make your pick for the newsmaker of 2015.
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