The IMD came out with a dismaying prediction.
The method is based on a network analysis of regional weather data.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
A number of significant linkages between rainfall and economic outcomes have policy implications.
The prices of oilseed, coarse cereals & vegetables could also be affected.
A decision on the 26-day session was taken by the Cabinet Committee on Paliamentary Affairs headed by Defence Minister A K Antony on Monday.
Monetary policies worldwide has to deal with issues like controlling inflation, promoting growth and financial stability.
These savoury kachoris are perfect for rainy days.
There is no near-term respite for the country's largest fast-moving consumer goods maker, Hindustan Unilever (HUL), which is facing multiple challenges on the growth front. With demand showing no signs of improvement, especially in the rural segment, the October-December quarter (Q3) of 2023-24 (FY24) is likely to be similar to the previous quarter, with volume growth in the low single digits. The stock, which is down 7 per cent over the past year compared to the 11 per cent jump for the S&P BSE Sensex, could underperform the benchmark in the near term as well.
This could have huge implications for agriculture, food prices, supply and overall economic growth of the country
'There are occasions when the prices of individual items like food raise inflation; then supply-side measures must be taken.' 'But if there is continued inflation, it means liquidity is aggravating the situation.'
The government on Tuesday said the week-long delay in the monsoon will in no way affect India's overall food and agriculture scenario and assured continuity in the country's grain export policy.
Global experts last week gave the same forecast.
These rainy recipes will keep your lips smacking
Shimla has witnessed several landslides in the past weeks with the toll in rain-related incidents in the district in the past 10 days rising to 26, which include 17 deaths in Summer Hill landslide, five in Fagli and two in Krishna Nagar.
As many as 2,000 tourists stranded in Kasol area of Kullu district owing to incessant rainfall have been evacuated safely, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said on Wednesday.
The Cabinet Committee on Parliamentary Affairs took the decision to extend the session till September 6 at a meeting held in Parliament House.
Finance Minister Pranab Mukherjee has said food inflation, which stands at over 16 per cent, will begin to come down after the middle of next month on the back of good monsoon.
Go ahead have a meat fiesta with a range of biryanis, kebabs curries followed by delightful desserts.
The wholesale price-based inflation declined to over two-year low of 3.85 per cent in January on easing prices of manufactured items, fuel and power, even though food articles remained expensive. This is the ninth straight month of decline in the rate of wholesale price-index (WPI) based inflation. The WPI inflation was 4.73 per cent in January and 13.43 per cent in February, last year.
Homemaker turned celebrity chef Rakhee Vaswani sends in two easy-to-make recipes for you to try this monsoon.
Inflation dipped to a five-month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items.
Glimpses of the devastation caused due to heavy rainfall in the national capital and other parts of northern India.
A row of buildings in Kullu district collapsed Thursday and hundreds of travellers were stranded in relief camps after landslides blocked the road to Mandi in rain-battered Himachal Pradesh.
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.
Make your tea-time extra special with these crispy snack recipes.
Actress Chitrangada Singh provides tips to keep your hair glossy and undamaged during the rains.
Pulses cropping has jumped to 39.4 per cent above 2015 levels.
The arrival of the June-September rains has been delayed.
Clearing the air before the end of the monsoon session on Tuesday, the CM said, "Shradha is a physiotherapist sent by my sister late Gita Mehta to take care of my physical fitness."
Monsoon rains are vital for 55 per cent of the country's farmlands that lack irrigation facilities.
The government on Thursday said it will not allow prices of essential food items to increase due to the impact of possible deficient monsoon this year.
Contrary to some predictions, rainfall is adequate so far.
Himachal Pradesh has not witnessed such 'widespread heavy rains' in the past 50 years and the state has suffered a loss of about Rs 3,000 crore in this monsoon season so far, Chief Minister Sukhvinder Singh Sukhu said on Monday.
The Indian economy is projected to grow at 6.3 per cent in current financial year aided by investment and domestic demand. According to a World Bank report released on Tuesday, India continues to show resilience against the backdrop of a challenging global environment. In India, which accounts for the bulk of South Asia region, growth is expected to remain robust at 6.3 per cent in 2023-24, India Development Update of the World Bank said.
Rajan has ignored pressure to loosen policy.
With the monsoon set to start in the country this week, the Meteorological Department has placed the odds of El Nino -- which can affect wind patterns and trigger both floods and sharply reduced rains -- at 60 per cent.
Food inflation further eased to 16.04 per cent for the week ended April 24, as arrival of rabi (winter) crops cooled down prices of essential items.
The total rainfall till now is not only deficient, but is also erratic in terms of both geographical spread and timings.
Observing that the Bharatiya Janata Party is in favour of passing the Food Security Bill with some amendments, party president Rajnath Singh on Monday asked the government to advance the monsoon session of Parliament for the purpose. "We are ready for a debate on Food Security and Land Acquisition bills. We want these bills passed with some amendments. The monsoon session should be advanced for this," he told reporters.
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