For the second year running, the monsoon session of Parliament, usually summoned in July, is unlikely to be held this year as well due to the coronavirus second wave that has gripped India.
Union Finance Minister Nirmala Sitharaman's call for making lending rates affordable may not resonate anytime soon as banks still struggle with margin compression, and await clues from the Reserve Bank of India (RBI) on liquidity and rate action. Hinting that any lending rate cut was some time away, State Bank of India (SBI) managing director Vinay M Tonse said there was still some aggression in the market regarding deposit pricing.
'We should be mindful that the religious minority community in one country is the majority in another (and) so treatment of the minority community in our respective countries will be an important variable in our relationship'
The monsoon rains are crucial for farm output and economic growth as about 55 per cent of the south Asian nation's arable land is rain-fed.
The weather office has issued a forecast of heavy to very heavy rains at isolated places in several districts of Gujarat over the next one week.
A trip to any of these enchanting waterfalls guarantees a memorable vacation.
Light to moderate rain in many areas with heavy rain at isolated places is likely to occur in West Bengal's coastal districts of North 24 Parganas, South 24 Parganas and Purba Medinipur.
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
The Q2FY25 revenue for Coal India (CIL) was reported at Rs 30,700 crore (down 6 per cent year-on-year or Y-o-Y and 16 per cent sequentially). The blended average selling price was Rs 1,622/tonne (down 6 per cent Y-o-Y and 3 per cent quarter-on-quarter or Q-o-Q). Adjusted operating profit stood at Rs 7,200 crore (down 20 per cent Y-o-Y and 38 per cent Q-o-Q) due to lower-than-expected e-auction volumes and higher costs.
The two-wheeler segment has shown signs of recovery in the first half (H1) of calendar year (CY) 2024, largely driven by improving performance in rural areas. According to the Federation of Automobile Dealers Associations, rural contribution to two-wheeler sales surged by 57-60 per cent in the April-June quarter of 2024-25, indicating a rising demand in these regions. Experts believe that this trend will continue, supported by a favourable monsoon season and government initiatives aimed at rural development.
The Centre on Monday started selling tomatoes at a subsidised rate of Rs 65 per kg in the national capital to provide relief to the common man and check abnormal profits by intermediaries. Tomatoes are being sold at an average rate of Rs 90 per kg in the national capital.
Milk supplies could improve with the monsoon, provided the rains are not excessive.
Petrol and diesel sales in the country fell in July over the previous month as the onset of monsoon chipped away demand in some sectors and restricted mobility, preliminary industry data showed. Diesel, the most widely used fuel in the country, saw consumption drop 13.1 per cent to 6.44 million tonnes from 7.39 million tonnes of demand in June. The arrival and intensity of monsoon weigh heavily on diesel demand in the country and consumption traditionally is lower in July-September than in April-June.
Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22.
The bounteous monsoon this year has already dumped 1159.4 mm of rainfall in Delhi till Thursday afternoon, the highest since 1964 and the third-highest ever, according to the IMD data
He said scientists have noticed a trend of very deep cloud systems developing over the southeast Arabian Sea, and added that sometimes, these systems intrude into the land, like in 2019.
According to latest data, crops have been sown in around 72.13 million hectares, which is 8.90 per cent less than the same period last year.
Total vehicle retail sales in India rose 27 per cent year-on-year to 22,06,070 units in April as all segments, including passenger vehicles and two-wheelers, witnessed growth, industry body FADA said on Wednesday. The overall vehicle registrations stood at 17,40,649 units in April 2023. Passenger vehicle retail sales rose 16 per cent to 335,123 units last month as compared to 289,056 units in the same month last year.
With rainfall and monsoons becoming highly unpredictable partly due to climate change and partly due to usual changes in weather patterns, it is such innovations by IMD which will help in planning better, reports Sanjeeb Mukherjee.
The Union ministry of coal, while acknowledging that domestic coal stock is not enough to meet the power demand, asked state governments and the power generating companies (gencos) to import coal before monsoon season sets in. The ministry has warned the gencos if they do not import coal for 10 per cent blending in their fuel demand by the end of this month, blending benchmark would be increased to 15 per cent. The order pertains to all - central, state and independent power producers (IPPs)/privately owned units.
Currently, only one cheetah, named Pavan, is roaming free, with officials noting that he is difficult to spot and capture.
Prime Minister Narendra Modi on Sunday accused Delhi's Aam Aadmi Party government of wasting a decade fighting with the Centre and urged its people to give the Bharatiya Janata Party an opportunity to turn the national capital into a city of the future.
Days before Diwali, the monthly economic review by the finance ministry has highlighted moderation in urban demand, softening consumer sentiments and limited footfall as areas that need to be watched. In its review, released on Monday, the ministry also noted the early signs of artificial intelligence displacing workers, as described in anecdotal reports. The commentary from several large consumer goods companies, including Nestl India, Hindustan Unilever, and ITC, in their recent quarterly earnings, has been around a sluggish urban demand. Rural consumption, however, has mostly seen a revival, the companies pointed out.
Singh was JD-U president when the party was part of the INDIA bloc and used to accompany Bihar Chief Minister Nitish Kumar to the coalition's meetings.
Nutritionist Rujuta Diwekar offers a way to keep your hair problems at bay.
For now, Modi's government appears singularly focussed on demonstrating that it is not in any way inhibited by the BJP's loss of a majority, and will continue along its patented path of bulldozing all opposition and doing just as it likes, asserts Prem Panicker.
Major two-wheeler manufacturers in India witnessed a double-digit increase in domestic sales in October, driven by the festival fervour.
Increased production of pulses, oilseeds, and cereals will help boost domestic supplies and contribute to keeping inflation low in the coming months.
Severe skilled, unskilled shortage threatens to pull emergency brakes on India's industrial engine.
Generally, before adjourning the house sine die the chair reads out the statistics about the business transacted in the house in detail.
Between June 1 and July 28, about 32 per cent of the 685 districts in the country did not receive adequate rainfall.
Pre-monsoon rainfall, colloquial referred to as "mango showers", is vital to many parts of the country.
It has also predicted a below normal monsoon for the season with a Long Period Average of 93 per cent, subject to the error margin of 5 per cent.
High vegetable prices are expected to keep food inflation firm in the months to come.
It expects rainfall to be about 106 per cent of the long period average, aided by La Nia conditions anticipated to play a role in the second half of the monsoon season.
By June 14, the monsoon should have reached central India. But this year it hasn't even covered Karnataka properly or entered the Northeast.
Time to pack your bags and pamper the wanderlust in you.
The river, 17 km of which pass through Vadodara, is home to some 300 crocodiles and an encounter with these reptiles is a common occurrence for those living in areas along its banks, the official said.
Readers share their monsoon pics. You can share yours too!
With concern on food inflation ebbing with the monsoon progressing well, the Reserve Bank of India (RBI) is warming up to the idea of a change in stance to "neutral" from "withdrawal of accommodation", according to economists. In his speech on Thursday during the annual event of the Federation of Indian Chambers of Commerce and Industry-Indian Banks' Association, RBI Governor Shaktikanta Das said: "The balance between inflation and growth is well-poised."
