Fresh formal job creation cooled for the second consecutive month to decline to a six-month low in September, signalling a downturn in the labour markets this financial year. The number of new monthly subscribers under the Employees' Provident Fund (EPF) declined by 6.45 per cent to 891,583 in September from 953,092 in August, shows the latest payroll data released by the Employees' Provident Fund Organisation (EPFO). Besides, the net payroll additions -- calculated by taking into account the number of new subscribers, the number of exits, and the return of old subscribers -- increased by 14.9 per cent to 1.72 million in September from 1.49 million in August.
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A monsoon holiday can be cheaper because of discounts.
The IMD said that there has been an increase in the rainfall activity in Kerala and monsoon could hit the state anytime now.
"The monsoon has reached Ratnagiri over the country's west coast. It will remain there for the week before moving on. This year's monsoon will be 96 per cent normal, with an error margin of 5 per cent," Indian Meteorological Department director B P Yadav said.
In the past too, Bhide has drawn flak for his controversial comments.
While Maruti leads with 30% volume growth, Hyundai sold 18,337 vehicles in rural markets during April-June
The Indian Meteorological Department has forecast a below-normal monsoon this year because of the El-Nino effect.
The IMD DG said there should not be an impression that climate change leads to rise in the temperature, but on the contrary, it leads to erratic weather.
The bills -- the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Bill -- were introduced in the Lok Sabha by Home Minister Amit Shah on August 11.
Domestic-focused agricultural chemical (agrochem) companies could face near-term headwinds, given the worries on the El Nio effect on monsoons, higher inventory, and pressure on margins. Some of these were reflected in the October-December quarter (third quarter, or Q3) results of companies and may impact them in the current quarter (fourth quarter, or Q4) as well. Nuvama Research pointed out that the sector witnessed mixed performance during the quarter as global agrochem and domestic fertiliser companies maintained growth momentum, while adverse agronomical conditions and excess channel inventory weighed on domestic market volume offtake.
Wayanad will continue to support Rahul but not to the same extent as in 2019, when his margin of victory had been enormous. Articulate, to the point and speaking in fluent Malayalam, CPI's Annie Raja, had the people who gathered to see her, listening in rapt attention, notes Shyam G Menon.
Planet Retail is owned by non-resident Indian V P Sharma and Samsonite's Ramesh Tainwala.
Monsoon will be insufficient this year.
ADB too had projected Indian's economic growth for current fiscal at 7.6 per cent
Weak monsoon rains could have a negative impact on India's automobile sector which is seeing early signs of improvement with the sale of passenger cars and utility vehicles rising in May.
This could have huge implications for agriculture, food prices, supply and overall economic growth of the country
Both Houses of Parliament were adjourned sine die on Wednesday, bringing the Monsoon Session of Parliament to an end eight days ahead of schedule.
India's economy continues to be robust, but downside risks such as rising crude oil prices, adverse weather conditions, and the global banking crisis outweigh the upside potential in gross domestic product (GDP) growth in the current financial year (FY24), the finance ministry said on Tuesday in its Monthly Economic Review for March. "We reiterate that downside risks to our official forecast of 6.5 per cent for real GDP growth in FY24 dominate upside risks," the review said. "Opec's surprise production cut has seen oil prices rise in April, off their lows of low-seventies per barrel in March.
After missing its deadline, the monsoon is likely to hit the national capital and parts of north India by the end of the week, a private forecasting agency said on Monday.
The Reserve Bank of India's interest rate decision, domestic macroeconomic data and global trends will dictate terms in the equity markets this week, analysts said. Trading activity of Foreign Portfolio Investors (FPIs) will also influence markets, they added. "The Indian market will be closely monitoring the Reserve Bank of India's Monetary Policy Committee (MPC) meeting scheduled for June 6-8, 2023. Aside from that, market participants will be keeping an eye on the progress of monsoon," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Choppers belonging to the Western Air Command carried out over 50 sorties over the last 48 hours, rescuing over 780 citizens in the flood-affected areas of Kangra district in Himachal Pradesh, Indian Air Force officials said.
Many parts of the country have received good rainfall and others, including the capital where the monsoon has not moved in so far, woke up to pre-monsoon showers on Wednesday.
Amid the ongoing festival season and ahead of the elections for five state assemblies, the Centre is closely monitoring inflation, particularly in food items, to enable it to take steps to increase their supplies. "There is a complete no-nonsense attitude when it comes to food inflation, and instructions have been issued at all levels to be very sensitive to any possible price movements in any commodity," a senior official explained. Sources have said that all departments dealing with food items have been instructed to keep a close eye on all commodities and maintain a weekly record of their price movements.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
Bengaluru recorded the highest green building stock at 140 million square feet, followed by Delhi-National Capital Region at 74 msf, and Hyderabad at 72 msf for Grade A office buildings as of September 2023.
The assault and humiliation of two women paraded naked in a Manipur village in May sparked nationwide outrage on Thursday with Prime Minister Narendra Modi saying the incident had shamed 140 crore Indians and the Supreme Court terming it 'simply unacceptable'.
The spike in food prices at the onset of the monsoon season has corroborated the Reserve Bank of India's (RBI's) view that the fight against inflation is far from over, the State of the Economy report of the central bank said. At the same time, the report said that the country is poised to become the fastest-growing major economy in the world, notwithstanding some sequential moderation in economic activity in June. Consumer Price Index (CPI)-based inflation rate increased to 4.8 per cent in June 2023, from 4.3 per cent in May, primarily on account of an increase in food inflation.
The finance ministry on Thursday raised concerns over the possible impact of El Nio conditions on India this year, saying if recent forecasts came true, the country could see lower agricultural output and higher inflation. "Some meteorological agencies predict the return of El Nio conditions in India this year. "If these predictions are accurate, then monsoon rains could be deficient, leading to lower agricultural output and higher prices," the ministry said in its monthly economic review.
Some of the countries where cheetahs are still found, though in smaller numbers, include Algeria, Egypt, Niger, and Mali.
The session will see 18 sittings without any weekend break or holiday, they said. The dates and other details of this first-of-its-kind session will be announced soon.
Map showing how much rainfall various districts of India received.
Foreign Portfolio Investors (FPIs) have pumped Rs 47,148 crore in the Indian equities in June, making it the highest inflow in 10 months, enthused by the country's steadily improving macroeconomic fundamentals. However, inflows in July may be subdued as FPIs might adopt cautious stance due to the recent comments from the US Federal Reserve, Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said. Besides, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said FPIs are likely to turn a bit cautious going forward as valuations in the country are rich from a short-term perspective.
The IMD has fancy weather-monitoring radars in the name of providing better forecasts.
A below-normal monsoon is likely to drag down the food output with India's agricultural GDP growth likely to slump to 0.8 pc in the current fiscal, says a report by the Japanese brokerage firm Nomura.
Delhi Chief Minister Arvind Kejriwal has written to Congress stalwart and former prime minister Manmohan Singh thanking him for his 'sheer presence' in Rajya Sabha despite his poor health to vote against the Delhi services bill.
'India is an equity market with a breadth and depth of companies to invest in.'
Four persons arrested in connection with the security breach in Parliament have been charged under the anti-terror law UAPA besides sections of the Indian Penal Code, police sources said on Thursday as security agencies were on the hunt to nab the alleged mastermind.
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