The southwest monsoon season was deficient by 16 per cent.
About 1000 tourists and locals were stranded at various places, including 800 in Sangla alone and heavy rains were hampering the rescue operations, officials said on Monday.
The latest official numbers on the price of agricultural produce gives an idea of what's fueling the farmers' protest in Delhi.
The Consumer Price Index hit the lowest in six months in March at 4.83 per cent.
Rediff.com takes its readers through the various moods of Raghuram Rajan.
Low rain coupled with the fact that maize prices in the open market have surged from around Rs 15-16 a kg to almost Rs 25 this year have forced farmers to turn to this crop.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
Very light rains and thundershowers occurred at isolated places in Uttar Pradesh though, and a fresh warning of heavy showers was issued in Himachal Pradesh as the India Meteorological Department (IMD) said heavy to very heavy rainfall is likely in several parts of the country, including the northern region, over the next six-seven days.
Similarly, the wide-based 50-issue CNX Nifty of the NSE jumped 109.30 points, or 1.46 per cent, to end above 7,500-mark for the first time at 7,583.40.
'There are a lot of companies that have been struggling really hard expecting to do better year after year.' 'All these people will think now, "Let me not fight any more. Let me end this".'
The IMD on its part is sticking to its forecast of July rainfall.
Floods triggered by the torrential rain since June 14 have wreaked havoc, inundating a vast swathe of flat land in the south and southwest of the country.
We had prepared a contingency plan for 580 districts, the minister said.
DroughtThe Centre is expected to discuss issues related to drought management and also review the progress of major central schemes like soil health cards, irrigation programmes
Many farmers in drought hit states are seeking MGNREGA work but the state government's coffers do not have enough fund to pay the salaries of these workers.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
Here's a recap of the events from the past 48 hours.
As he projected a grim outlook for the economy, RBI Governor said that amidst this encircling gloom, agriculture and allied activities have provided a beacon of hope on the back of an increase of 3.7 per cent in foodgrains production to a new record.
Enthused by rising potato prices after a prolonged slump, Pradeep Sharma was planning to sow the crop on his 15-acre farm near Agra slightly earlier than usual. The delayed departure of the southwest monsoon also prompted his decision, since the good soil moisture would have saved at least one initial irrigation. But the acute shortage of diammonium phosphate (DAP), a crucial nutrient ahead of the sowing season for potatoes, nipped those hopes in the bud. DAP is the second-most used fertiliser in the country after urea.
Just two days after recording 811.6 mm of rainfall in a day, Cherrapunji in Meghalaya received a bountiful 972 mm of precipitation in 24 hours ending 8.30 am on Friday, the highest in June since 1995 and the third highest in 122 years, the India Meteorological Department (IMD) said.
The fall in urban sentiments in June is worrisome, observes Mahesh Vyas.
"This warming trend is alarming," said NASA Administrator Bill Nelson.
A fresh spell of heatwave is likely to begin over northwest India from May 7 and over central India from May 8, the India meteorological department said on Thursday.
Credible fiscal consolidation has been a consistent pre-condition to easing the monetary policy stance as far as the RBI is concerned.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
'Due to severe rains and heavy cross winds, arrivals at #AAI Chennai Airport will remain suspended from 1315 hrs to 1800 hrs, today. Departures will continue. The decision has been taken considering the safety aspect of passengers and severity of wind,' the Chennai Airport tweeted.
For the current woes of the state to end, in city after city, town after town, village after village, unauthorised constructions have to be removed, no questions asked, says N Sathiya Moorthy.
Sensex ends belowe 26,800 on domestic concerns.
Sesnsex ended the day flat on heavy selling pressure.
Markets closed in the red on domestic worries.
'It could rain about 200 mm in short span of time.'
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
In the first of a two-part series, Business Standard examines the impact of the upcoming summer on agriculture and drinking water supply.
The decision, taken by the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi, comes less than a year before next general election.
Growth in cities has lagged villages as consumers troubled by persistently high inflation have cut spending in the past two years.
The well-irrigated states of Punjab, Haryana, Karnataka, western Uttar Pradesh and coastal states such as Odisha are, for the first time, feeling the effects of a poor monsoon.
Critics argue that much more could have been done and that the government was slow to react to many events.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
More than 3,000 squads under health and local self-government departments have started the process of cleaning houses and public places, official sources said.
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