The markets will be eyeing the amendments.
July and August are expected to receive 107 per cent and 104 per cent of rainfall
In many parts of central and north India, monsoon reaches only in July.
Next week could see some respite from the heat.
Weather watchers said it can't be known till May whether El Nio will impact the monsoon or not.
The Centre had lowered its estimate of crop damage.
Floods in West Bengal have claimed over 40, with water levels rising arlamingly in East Midnapore, North and South 24 Parganas, Hooghly, Howrah, Birbhum and Burdwan districts.
However, it's too soon to see any trend; July rain is key.
In the first of a two-part series, Business Standard examines the impact of the upcoming summer on agriculture and drinking water supply.
Heavy rains lashing Mumbai since Sunday have thrown rail, air and road traffic out of gear, with several trains and flights being cancelled. With IMD forecast of heavy rains for Tuesday, the authorities declared a holiday in the city and adjoining regions, asking people to avoid stepping out of their houses.
Simultaneous activation of both Arabian Sea and Bay of Bengal low-pressure systems has led to the state receiving an excess 65 per cent rainfall.
We had prepared a contingency plan for 580 districts, the minister said.
'The economy needs to deliver the expected 7.5% growth for the markets to deliver better than single digit returns.' 'Any disappointment in growth can see the markets correcting downwards.'
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.
Auto stocks led the rally with Tata Motors, Hero MotoCorp and Maruti Suzuki leading the gains.
State behemoth Coal India, the world's largest coal miner, has failed to raise its output fast enough to meet demand, and millions of Indians still go without power.
The IMD has said temperatures in most parts of the country from March to May would be 'above normal'.
The deep depression in the Arabian Sea has intensified into cyclonic storm "Ashobaa" and is expected to further develop into a "super cyclonic storm" in next 24-36 hours, the weather office said on Monday.
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
Monsoon is expected to cover central and eastern India after Tuesday.
Sensex eneded lower on poor perfromance by financials and IT stocks.
Harassment, corruption and the burden of compound interest for years are also the reasons.
Pranjul Bhandari, Chief India Economist, HSBC, speaks about a range of issues ranging from inflation, to how Goods and Services Tax and land acquisition bills can help India hit double digit growth, and her impressions about economic growth in the last one year after Narendra Modi took over as India's Prime Minister.
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