The IMD came out with a dismaying prediction.
It's that time of the year when everything looks greener and prettier.
'If you see the composition of items which are causing this spike in prices, most of them have little to do with the kharif harvest, except for pulses and vegetables to some extent.' 'I don't know on what basis the government is claiming that food prices will moderate in the weeks to come.'
The method is based on a network analysis of regional weather data.
'A weak monsoon always spells disaster. But it's too early to have a pessimistic view.'
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
This recipe makes for a good appetiser or tea-time snack.
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.
This could have huge implications for agriculture, food prices, supply and overall economic growth of the country
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.
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Analysts are divided on their retail price inflation forecast, with some saying the first quarter numbers will overshoot the RBI target by as much as 60 bps while others are softer in their estimate. Consumer price inflation retreated from its 15-month peak of 7.4 per cent in July to 6.8 per cent in August, much lower than the market expectations, despite vegetable prices remaining elevated at 26.1 per cent. Food inflation eased to 9.9 per cent from 11.5 per cent, led by some cooling of inflation in vegetables, cereals, pulses and milk.
Global experts last week gave the same forecast.
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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.
The Cabinet Committee on Parliamentary Affairs took the decision to extend the session till September 6 at a meeting held in Parliament House.
Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. "Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. "New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.
These savoury kachoris are perfect for rainy days.
Fitch Ratings on Thursday retained India's growth forecast for the current fiscal at 6.3 per cent citing economic resilience despite tighter monetary policy and exports weakness, but upped year-end inflation projection on El Nino threat. The Indian economy grew 7.8 per cent in the April-June quarter of current fiscal on strong services sector activity and robust demand. "The Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, with growth outpacing other countries in the region," Fitch said, while projecting 6.3 per cent growth for current fiscal (April-March), and 6.5 per cent for next fiscal.
Retail inflation fell to a 15-month low of 5.66 per cent in March, mainly due to a decline in food prices, government data showed on Wednesday. The inflation figure in March is within the RBI's comfort zone as it is below 6 per cent. The retail inflation based on Consumer Price Index (CPI) was 6.44 per cent in February 2023 and 6.95 per cent in the year-ago period.
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.
Actress Chitrangada Singh provides tips to keep your hair glossy and undamaged during the rains.
The arrival of the June-September rains has been delayed.
Pulses cropping has jumped to 39.4 per cent above 2015 levels.
Monsoon rains are vital for 55 per cent of the country's farmlands that lack irrigation facilities.
Contrary to some predictions, rainfall is adequate so far.
Rajan has ignored pressure to loosen policy.
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.
The total rainfall till now is not only deficient, but is also erratic in terms of both geographical spread and timings.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
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.
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.
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.
The RBI chief was speaking to researchers at an analyst call.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
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