Climate change can impact the amount and quality of livestock produce,says a report released by inter-governmental panel.
RBI had previously cut repo rate by 0.25% each in January and March.
Subsequently, Nivar weakened into a cyclonic storm and further into a deep depression, centered about 50 km west-southwest of Tirupati at 1430 hrs, the India Meteorological Department (IMD) officials said. According to IMD, it is to weaken into a depression during the next six hours.
Inflation, remained in negative territory for the 7th month in May
Temperature fluctuation can cause joint pain and long hours in an air-conditioned environment can only worsen these pains, says Dr Anil Arora.
The Direct Taxes Code suffers from serious weaknesses.
Prices of food articles continued to rise over the previous week. Bajra and urad prices rose by two per cent each, and condiments and spices, arhar, and fruit and vegetables became more expensive by one per cent.
It could add to pressure on inflation, especially food inflation, which was already high, it said.
To justify that farmers must burn if they are not paid cash incentive is doing injustice to them and to the lungs of the children of the country, notes Sunita Narain.
These decisions were announced by food and agriculture minister Sharad Pawar in the Rajya Sabha on Friday, a day after Prime Minister Manmohan Singh and his cabinet colleagues were briefed on the monsoon situation and Kharif sowing. Allaying fears of shortage of foodgrain, Pawar said, "Stock position is quite comfortable. We have sufficient stock position for 13 months in our kitty".
The downward trend in prices might continue as demand is unlikely to recover in May. Moreover, increased production has also put pressure on prices of commodities.
In 2009, when urban India was in the throes of a slowdown, with growth likely down to 6 per cent and shopping malls going empty, the electorate gave a clear thumbs up.
RBI lowers GDP forecast for FY16 to 7.4%
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
However, risks to the outlook stems from possible sub-normal monsoon and higher crude oil prices (on account of the crisis in Iraq)," the Economic Survey 2013-14 tabled in Parliament by Finance Minister Arun Jaitley said.
For the entire UPA regime, from 2005-06 to 2013-14, the average annual farm growth according to the GDP back series data is 3.8 per cent, which too is higher than the first four years of the NDA, though these two periods aren't comparable because one spans nine years and the other four.
RBI unsure whether to cut rates or not in its next monetary policy.
While aid pours in at various relief camps close to cities, those operating in remote areas are reportedly facing difficulty in getting essential supplies.
Rajesh Karkera/Rediff.com shares a special two-in-one recipe for the traditional kori gassi and chicken sukka.
As of now, 1,77,500 people have been housed in over 351 camps, the chief minister said, adding food, and medical amenities were being provided to them by the government.
Food production in the current fiscal is likely to go down as sowing will be 20 per cent lower due to the weak monsoon, Finance Minister Pranab Mukherjee said on Tuesday. Also, 161 districts have been declared drought-prone, he added.
The focus is likely to be on consolidation and improvement of existing rural-centric programmes to ensure their completion ahead of the next general elections in 2019, rather than announcement of new schemes. Sanjeeb Mukherjee and Arup Roychoudhury report.
RBI policy surely cannot impact agflation, in any case.
However, economists warned that going forward monsoon could play truant; already processed food production is down 14.7 per cent in May and 27.2 per cent in the first two months of this fiscal. Though industrial growth in May was down from 4.4 per cent a year ago, it was quite encouraging as it was more than double the 1.2 per cent in April, when growth turned positive after being in negative territory almost every month since October 2008.
Consumer prices were forecast to have risen 10.00 per cent annually last month, barely changed from the 10.09 per cent clocked in October.
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
Inflation in 'fuel and power' basket rose sharply to 11.22 per cent in May from 7.85 per cent in April as prices of domestic fuel increased in line with rising global crude oil rates.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
India's first quarter GDP growth print was 7.9 per cent y-o-y, primarily led by urban consumption demand
Government's food subsidy bill tends to rise in tandem with the MSP increase.
The public sector banks are not in a position to cut rates because of their weak balance sheets and massive portfolios of non-performing assets, says Devangshu Datta.
He said the UPA had left the economy in a dire state, with Consumer Price Index and food inflation at double digit, Wholesale Price Index inflation around 6-7 per cent and growth prospects were limited.
It is only 'zero-cost' money from FPIs that is keeping the market afloat
The United Nations and its partners are supporting the governments of India and Nepal in search-and-rescue operations and providing assistance to thousands of people displaced due to landslides triggered by monsoonal rains in the two countries.
Around six lakh people have been housed in over 2000 relief camps in the two states.
The Disciple is an ode to music and a salute to Mumbai. The city can be harsh, but it also lets the voices of struggling classical musicians exist, although often they live on the edge of society, observes Aseem Chhabra.
Rajan addressed a group of investors in Boston on Thursday.
The rate of price rise in vegetables stood at 15.15 per cent in August as against 16.88 per cent in the previous month.
Inflation moderates, but a rate cut is unlikely.
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