More rate cut by RBI unlikely this fiscal, say Ind-Ra
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.
It would be advisable to look to companies that reported attractive growth during the first quarter, says Mudar Patherya
Five people, including a minor girl, died and as many injured in separate incidents during heavy rains in Kullu, Kangra and Chamba districts of Himachal Pradesh.
A third of FMCG sales and half of motorcycle sales come from the hinterlands
The government said on Friday that India's edible oil imports would be higher this year on account of drought, but the shortfall could be bridged at the existing rate of import duty and a cut in tariff was unwarranted.\n\n\n\n
Travel time, too, has not fallen much after the abolition of octroi with trucks still queued up at regional transport offices and toll tax plazas.
The government is likely to name a successor to Rajan sometime this month
Announcing MSP at an elevated level will not be enough. Growers must be able to procure inputs, such as quality seeds, plant nutrients and irrigation water at reasonable prices, says Kunal Bose.
Food subsidy bill rises 20% in April-January
According to government data, the prices have still not crossed the MSPs in some mandis.
The Reserve Bank on Friday said the economy would grow by 5 to 5.5 per cent in the current fiscal, pinning its hopes on good farm output and improved exports.
States need to create alternative marketing structures for farm produce since middlemen also provide vital services that are otherwise unavailable to the farmer.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
What stocks will gain from a normal monsoon?
India's foodgrains production is pegged at a seven-year low of 184.07 million tonnes in 2002-03, a major decline of 13.2 per cent against record production of 212.02 million tonne last year, in the third official advance estimates released on Friday.
Agriculture, which accounts for 14% of GDP grew at 3.2% in the quarter
Not only primary vegetables, but also additives like garlic, ginger and chilly have recorded a sharp increase in prices
In the retail markets, rates have fallen to Rs 30-35 a kg from Rs 100-level.
The 40-year-old Indus Water Treaty between India and Pakistan has been an outstanding example of conflict resolution but scarcity of water in the basin states since the early 1990s has brought the agreement under strain and its "survival appears weak", according to a UN report.
Budget 2018 bears imprints of a government unsure of second term with clear majority, says Shekhar Gupta.
In the current fiscal so far, retail inflation stabilised around 5 per cent, while wholesale price-based inflation averaged around 2.9 per cent during April-December.
Despite the growing clamour from the central government on India turning digital, and banks requesting direct bank account transfer, the state government decided to hand over cheques to the farmers, which can be immediately converted into cash.
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
They are worried at more than one forecast of a possibly weak monsoon, reports Dilip Kumar Jha.
Onion prices have been rising due to speculation amid anticipation of below normal monsoon despite sufficient supply in the country.
Banking shares are down up to 11% after the Reserve Bank of India has increased the policy repo rate by 25 basis points from 7.25% to 7.5% with immediate effect.
Drought fears will subside if the momentum generated is maintained in August.
Progress of monsoon, investment trend by foreign investors and the movement of rupee against the dollar will also influence sentiment
The RBI has targeted consumer price inflation at 6 per cent by January and 4 per cent by March 2018.
Monsoon is expected to cover central and eastern India after Tuesday.
Higher rural incomes, pay commission benefits, and lower interest rates are key positives: Analysts
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
BJP's best bet lies in the TDP and the TRS striking a deal with the Congress and framing the battle as a UPA versus NDA clash, reports Radhika Ramaseshan.
Timely onset of south-west monsoon is crucial for kharif (summer) crops.
All is not well with Telengana and its Chief Minister K Chandrasekhar Rao
The environment ministry is likely to allow generic modification of food crops.
The labour force fell from 43.97 crore in 2016-17 to 42.61 crore in 2017-18
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
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