A monsoon holiday can be cheaper because of discounts.
"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.
The IMD said that there has been an increase in the rainfall activity in Kerala and monsoon could hit the state anytime now.
While Maruti leads with 30% volume growth, Hyundai sold 18,337 vehicles in rural markets during April-June
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
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The Indian Meteorological Department has forecast a below-normal monsoon this year because of the El-Nino effect.
The government has readied a big legislative agenda for the Monsoon Session of Parliament beginning Monday even as the Opposition is raring to corner the ruling dispensation over a host of issues, including handling of the second wave of COVID-19, rise in fuel prices and farmers' stir.
After being underweight on domestic agrochemical companies and preferring global plays, brokerages believe that the former may perform better in the quarters ahead. Domestic crop protection companies have faced multiple headwinds over the past year and a half, given high inventory costs, pricing pressures, lower realisations in the generic segment, increased stocks due to lower infestations, and demand-led hits to volumes. Some of the overhang from previous quarters was reflected in the April-June quarter (first quarter, or Q1) of 2023-24 (FY24) as well, with aggregate revenues and operating profit for the sector down 12 per cent and 27 per cent, respectively.
Planet Retail is owned by non-resident Indian V P Sharma and Samsonite's Ramesh Tainwala.
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.
Monsoon will be insufficient this year.
Gandhi made the demand during her brief conversation with the prime minister in the Lok Sabha on the first day of the Monsoon session Just before the House met for the day, Modi took a round to greet various leaders.
Passenger vehicle wholesales in India rose 9 per cent year-on-year in August on the back of strong demand for utility models, industry body SIAM said on Monday. Overall passenger vehicle dispatches to dealers rose to 359,228 units last month from 328,376 units in August 2022. Utility vehicle sales increased 34 per cent year-on-year to 181,825 units.
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.
ADB too had projected Indian's economic growth for current fiscal at 7.6 per cent
Sanjeeta Bhattacharya, who will be seen next in Jawan, loves her bargain pick-ups as much as her mother's saris.
This could have huge implications for agriculture, food prices, supply and overall economic growth of the country
Thakur, seated in the witness box, got visibly emotional at one point and the proceedings were halted for ten minutes.
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.
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.
Both Houses of Parliament were adjourned sine die on Wednesday, bringing the Monsoon Session of Parliament to an end eight days ahead of schedule.
In the past too, Bhide has drawn flak for his controversial comments.
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.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
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.
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.
Map showing how much rainfall various districts of India received.
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.
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.
But the IMD said the heat wave will continue till then in parts of the country.
Monsoon rains are expected on time this year, hitting Kerala on June 1.
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.
With conditions not favouring its progress, southwest monsoon is expected to hit the Kerala coast by June 4, three days after its normal onset date, the MET department has said.
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.
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.
The Indian Meteorological Department announced that conditions are favourable for further advancement of monsoon to some parts of southwest Bay of Bengal
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.
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