The government on Monday ruled out making public the RBI report detailing the reasons why the central bank could not keep inflation within the targeted 6 per cent upper limit for the three consecutive quarters. "Yes sir, RBI has furnished a report to the central government, as mandated under Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI Monetary Policy Committee and Monetary Policy process Regulations, 2016," minister of state for finance Pankaj Chaudhary said in a written reply. The said provisions of the RBI Act, 1934, and regulations therein does not provide for making the report public, he said.
The devastating floods in Assam and the continuing scarcity of water in its cities are woeful manifestations of India's mismanagement of water. India may not be a water-rich country, but it is not water-starved either.
In the first major downpour of this monsoon season heavy rains lashed Mumbai since Wednesday night, disrupting vehicular and rail traffic.
Here's a round-up of the glossies for June -- take our poll and let us know who you think makes for the most fashionable, sexy cover this month!
Three of the 36 sub-divisions -- West Uttar Pradesh; Haryana, Chandigarh and Delhi; and Telengana -- got scanty rains with deficiency of 67 per cent, 64 per cent and 60 per cent respectively.
Readers share their lip-smacking recipes perfect for the rainy season!
Readers share their lip-smacking recipes perfect for the rainy season!
One of the high points of the proceedings was when Indrani Mukerjea's lawyer smartly utilised Dr Zeba Khan's expert status to pose her A Most Curious Question. He asked her if a skull can grow new teeth, even after the person, who it belonged to, had died, three years before. We can be sure that the discrepancy between the number of teeth discovered in the skull unearthed in 2012 and the skull shown in court in September 2019 will come up soon in Courtroom No 51. Vaihayasi Pande Daniel reports from the Sheena Bora Murder Trial.
Even though air passenger traffic picked up last month, the overall long-term sentiment for airlines is poor, Air India chief Arvind Jadhav said on Friday.
Recent studies in China and Europe observed that the infection might relapse in those people who have already recovered from earlier phases.
Singing in the rain, jumping through puddles, wading through water-logged areas -- whether it's the upside or the downside of the season, we want to see your candid monsoon pics and videos and share them with other readers.
85 rescue and relief teams have been pre-positioned in 'vulnerable' states and all its 12 battalions across the country have been alerted and asked to be prepared to tackle any flood situation caused by heavy rains.
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.
Drought fears will subside if the momentum generated is maintained in August.
With three more children succumbing to the killer Japanese Encephalitis virus on Monday, the death toll in eastern Uttar Pradesh has now gone up to 332.
The weather department says there is again a lull, but rainfall activity may increase in the north-west India, including Delhi, around July 14, though only for a short period.
Rainfall in the week ended August 29 was about six per cent more than normal and the best weekly rains in the southwest monsoon season this year. This helped ease concern on drought across several parts of the country.
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
India's leading commodity exchange, National Commodity and Derivatives Exchange (NCDEX), and private weather forecasting company Skymet took a significant step towards launching the country's first tradeable weather index on Monday (August 14) by entering into an agreement to deepen their understanding of the impact that weather has on agricultural commodities. The memorandum of understanding (MoU) between NCDEX and Skymet is a profound step in the direction of linking farmers with the weather in a scientific way, according to an official statement. Sources indicate that NCDEX and Skymet will conduct workshops and seminars across the country to educate farmers about how they can scientifically use weather forecasts to hedge risks.
The monsoon has so far disappointed and if rainfalls do not increase soon it will push up inflation as well as the subsidy bill, further limiting the room for RBI rate cuts, an HSBC report says.
Kerala has reported the season's first death due to H1N1 virus ahead of the onset of southwest monsoon as various types of viral fever spread in the state, including a large number of dengue cases.
The prices of oilseed, coarse cereals & vegetables could also be affected.
Hyderabad's famous Goud family started distributing "fish-prasadam" on Tuesday evening coinciding with the onset of Mirgasirkarti or monsoon season in Andhra Pradesh.
Make your tea-time extra special with these crispy snack recipes.
Sugar prices are hovering near six-year highs, leaving a bad taste in Indian consumers' palates but sweetening the portfolios of investors in related stocks at Dalal Street. Shares of sugar manufacturers such as Piccadily Agro, DCM Shriram, Magadh Sugar, and Bajaj Hindustan have rallied up to a whopping 200 per cent so far in the financial year 2024 (FY24) as deficient monsoon rains in major sugarcane producer states like Maharashtra and Karnataka are expected to lead to a shortfall in sugar output ahead. In comparison, the BSE Sensex has modestly gained 11 per cent during this period.
'It affects our economy, it is very important in many ways.' 'So we have to be the foremost experts in the world on the monsoon.' 'But the best minds in India have not devoted their time to the study of monsoon and they have followed the fashions of the West.'
Prime Minister Dr Manmohan Singh will meet the chief secretaries of all states in New Delhi on Saturday to discuss the drought-like situation in the country.The meeting will be attended by Agriculture Minister Sharad Pawar and Cabinet Secretary K M Chandrasekhar. Issues like the status of monsoon, the sowing operation in the ongoing kharif season and the availability of vital farm inputs like seeds, fertilisers, water and electricity will be reviewed.
The India Meteorological Department on Tuesday said the monsoon this year is expected to be 'above normal.'
With FYJC admissions turning online, a lot of students including parents have heaved a sigh of relief.
Usually, turmeric is grown over 290,000-330,000 hectares of land. But in 2022-2023, according to official estimates, there has been a drop of about 10,000 hectares.
Today, with the Lok Sabha polls only months away, any inter-state dispute over the Cauvery water dispute has the potential to take more political turns than otherwise, predicts N Sathiya Moorthy.
The festive season will mean business for the steel industry as it is the time when automotive and consumer appliance companies bump up demand to prepare for higher sales, experts have said. Ranjan Dhar, chief marketing officer at ArcelorMittal Nippon Steel India (AM/NS India), said that bookings by auto and consumer appliance industries are 20 per cent higher ahead of the festive season compared to last year. "While this could be for a couple of months, it could normalise later at approximately 10 per cent," he said.
Chilli is no more a hot commodity following the arrival of rains and lack of demand during the monsoon season and the trend is expected to continue for another five months.
The rain gods, it appears, will play a role in the decision of fast moving consumer goods companies to either raise or maintain prices of their products in the second quarter of the financial year.
An interesting version of the classic puran poli.
The Met Office has issued a yellow alert, warning of moderate rain which could cause more problems to the residents of Delhi.
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.
