We are all 'Chasing the Monsoon', notes Ajit Balakishnan.
Sowing of winter rice and oilseeds has started along with the progress of the monsoon over India's southern and northeastern regions, the agriculture ministry said on Thursday.\n\n\n\n
While news on the monsoon front remains bleak (rainfall during June 1 to 17 was 45 per cent below normal), water levels in reservoirs across the country are dwindling, Citi economist Rohini Malkani said on Monday. Earlier this month, Citi revised its FY'10 GDP forecast for India to 6.8 per cent from 5.5 per cent and it raised its view to 7.8 per cent from 6.6 per cent for FY'11 on the back of election results and higher investment growth.
The exercise, Agriculture Minister Radha Mohan Singh said, will help ease any possible impact of sub-par rainfall on farmers.
On the macroeconomic data front, PMI data on manufacturing and services sector will also influence trading
Going behind the scenes with director Mira Nair.
While the IMD had forecast a 'normal' monsoon for the entire season, Skymet stated that rain this year would be 'below normal', report Sanjeeb Mukherjee and Sahil Makkar.
Kharif sowing till June 20 almost 18 per cent less than last year; 328 districts under watch, based on rains in the first 15 days
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
The NSE Nifty closed at 4,481, down 104 points. The market breadth was fairly negative -- out of 2,748 stocks, 1,921 declined, while 745 advanced on the BSE.
The overall FPI inflows should move into the range of $15-20 billion in fiscal 2017 with equity dominating with $10-15 billion and debt with $5 billion
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.
This could have huge implications for agriculture, food prices, supply and overall economic growth of the country
In the past too, Bhide has drawn flak for his controversial comments.
Refuting the opposition's claim that Manipur 'is burning', a senior government functionary said on Thursday that no killing has happened in the state since July 18 and asserted that peace and normalcy will be restored soon through ongoing talks with the two warring communities -- Meiteis and Kukis.
Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said. The movement of rupee and global oil benchmark Brent crude will also be tracked by investors. "The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend.
After a delayed start, the monsoon is advancing steadily.
Rajan has ignored pressure to loosen policy.
The Opposition is likely to raise the issues of fuel price hike, the Bhopal gas tragedy case, unrest in Kashmir and talks with Pakistan. It is also likely to attack the government over a series of train accidents in recent months, including the one today in West Bengal.
Caught in an inflation mess, the Central government was hoping for a rescue act from the rain gods this monsoon. But, it seems, the rain gods may not bail out the United Progressive Alliance government from the inflation conundrum.
Drought fears will subside if the momentum generated is maintained in August.
Describing the northeastern region as a "piece of one's heart", Prime Minister Narendra Modi on Thursday said there will be no let-up in efforts to restore peace in Manipur, which will soon walk the path of progress once again.
The Bahujan Samaj Party and Opposition Bharatiya Janata Party forced adjournment of the Rajya Sabha on the opening day of the monsoon session of Parliament, protesting delay in introduction of new law on land acquisition and scams, including 2G spectrum.
The 6.7% growth in Index of Consumer Sentiments in July 2022 is the highest since September 2021, explains Mahesh Vyas.
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, said the Reserve Bank's annual report released on Tuesday. It, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth. "On the back of sound macroeconomic policies, softer commodity prices, a robust financial sector, a healthy corporate sector, continued fiscal policy thrust on quality of government expenditure, and new growth opportunities stemming from global realignment of supply chains, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures," it said.
Aggressive rate hikes by the US Federal Reserve could result in a flight of capital from emerging markets like India, says B Gopkumar, chief executive officer, Reliance Securities.
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.
Improved monsoon, solid fiscal performance, and capex push by the public and private sectors augurs well for India's macroeconomic stability and growth, the finance ministry's monthly economic review for June 2023 said. But the report said that while India's domestic fundamentals remain strong, negative cross-border spillovers and adverse global developments could act as a deterrent in achieving the high growth path this financial year. "An improved matching of aggregate supply and aggregate demand in the Indian economy underpins the progress made in the control of domestic inflation and the consequent strengthening of macroeconomic stability," the review said.
Conceivably, the deferment of the Parliament session to beyond the second week of September has more to do with the nuclear deal with the United States than the alienation of Kashmiris or the wheeling and dealing by the UPA and its allies.
The central bank deputy chief said on Monday that the monetary authorities were unlikely to lower the repo rate from the current five per cent for quite some time.\n\n\n\n
Following a strong performance in the 2022-23 January-March quarter, publicly listed paint industry giants displayed a mixed performance in the 2023-24 (FY24) April-June quarter. While Berger Paints India outperformed its peers and reported results in line with expectations, market leader Asian Paints and Kansai Nerolac Paints fell slightly short of expectations.
Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. "Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. "New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.
Shinde, participating in a discussion on the no-confidence motion in the Lok Sabha, took a jibe at the opposition coalition Indian National Develomental Inclusive Alliance (INDIA) describing it as a 'destructive alliance' and said the next elections will be fought on the issue of scams of the United Progressive Alliance and schemes of the National Democratic Alliance.
If these six stories in Rainbow Rishta are any indication, then urban Indian society is moving towards a welcome liberalism, even though reality cannot be so simple, notes Deepa Gahlot.
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
According to the sources, the meeting will be held at 10 am on Thursday in the chamber of Rajya Sabha LoP.
Renu Mittal explains why United Progressive Alliance government's crucial legislative plans may not work despite all its efforts.
Movement of rupee and crude oil prices will also dictate the trend
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