For the Stalin government to win back the confidence of voters ahead of the Lok Sabha polls, post-flooding restoration works, their speed and efficacy would be closely watched, and not just by the political Opposition, notes N Sathiya Moorthy.
Monsoon rains are expected on time this year, hitting Kerala on June 1.
The IMD has fancy weather-monitoring radars in the name of providing better forecasts.
The downward surprise in Q2 stemmed from a stronger-than-anticipated drag from gross fixed capital formation and marginal weakness in private final consumption expenditure. In Q3, projection errors emanated mainly from a steep unanticipated contraction in gross fixed capital formation, which was the deepest in the new series of GDP.
Domestic-focused agricultural chemical (agrochem) companies could face near-term headwinds, given the worries on the El Nio effect on monsoons, higher inventory, and pressure on margins. Some of these were reflected in the October-December quarter (third quarter, or Q3) results of companies and may impact them in the current quarter (fourth quarter, or Q4) as well. Nuvama Research pointed out that the sector witnessed mixed performance during the quarter as global agrochem and domestic fertiliser companies maintained growth momentum, while adverse agronomical conditions and excess channel inventory weighed on domestic market volume offtake.
Overburdening of hills with construction coupled with saturation of soil and seepage seem to be responsible for landslides in Shimla city, said Principal Scientific Officer, Himachal Pradesh Council for Science Technology and Environment (HIMCOSTE) S S Randhawa.
The pay hike has been made effective from January 1, 2016.
Moody's Investors Service on Friday raised India's growth projection for 2023 calendar year to 6.7 per cent on account of robust economic momentum. "Strong services expansion and capital expenditures propelled India's 7.8 per cent real GDP growth in the second (April-June) quarter from a year ago. "We have accordingly raised our 2023 calendar year growth forecast for India from 5.5 per cent to 6.7 per cent," Moody's said in its Global Macro Outlook. - el nino
The frequency of very heavy downpours seems to have increased.
The Indian markets have seen a good run in the last three months with the S&P BSE Sensex rising around 7 per cent and the Nifty50 moving up 7.5 per cent. The next leg of the market rally from here on, analysts suggest, will be driven by a growth in corporate earnings over the next few quarters. That said, they do not expect material / sharp downgrades to India Inc's earnings estimates despite headwinds for the economy.
Five people were killed and about 50 missing following several incidents of cloudburst in Himachal Pradesh where rains washed away many houses, bridges and roads, officials said on Thursday.
Vegetable vendors and wholesalers have blamed rains for disruption in tomato supply, leading to the price of the kitchen staple skyrocketing in retail markets of the national capital. Local vendors are selling tomatoes in the price range of Rs 80 to Rs 120 per kg, depending on the quality and the localities. Anil Malhotra, a member of the Azadpur Agricultural Produce Marketing Committee (APMC), said tomato prices shoot up every monsoon but it was never this high.
One of the private eye care hospitals in Delhi has reported 1,032 cases of conjunctivitis in Delhi-NCR and 1,521 cases pan India.
The El Nino risks for this year is rising in India and it could result in sub-par rains, says a report.
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
The current spell of weak monsoon over the country is likely to continue for the next five days, the India Meteorological Department (IMD) said on Wednesday.
Most farmers depend on rainwater for farming.
As many as 48 persons were injured in these incidents and 25 still missing, while so far, 2,29,074 persons have been evacuated from the flood and rain-affected affected areas and moved to safer places, the government said in a statement in Mumbai.
'The food security along the coastal region will be severely affected.'
This is the first cyclone in the Bay of Bengal this pre-monsoon season.
According to experts, slopes in Himachal have become highly vulnerable to landslides due to cutting of rocks at the foothills and the lack of proper drainage system, and high intensity rainfall is making the things worse for the state.
Incessant rains unleashed more death and destruction on Monday in parts of north India, with 37 people killed in landslides and other rain-related incidents in the last two days even as the Army and NDRF teams stepped in to intensify the relief and rescue operations.
Incessant showers lashed Mumbai and its neighbouring areas on Wednesday morning, leading to flooding in many low-lying areas and traffic snarls on roads, officials said.
India must be prepared to deal with climate disasters, geopolitical confrontations, and social strife linked to global events, asserts Jayant Sinha, chairman of Parliament's Standing Committee on Finance.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
Glimpses of the devastation caused due to heavy rainfall in the national capital and other parts of northern India.
No immediate relief appears in sight as the India Meteorological Department issued a red alert for six districts which have been already pounded by downpour, forecasting "extremely heavy" rainfall and recommending preventive actions.
Good monsoon is likely to create more jobs in the agriculture sector, which in turn could save the exchequer around Rs 10,000 crore
The mercury soared to 46.2 degrees Celsius at Najafgarh, making it the hottest place in the capital.
'Heavy rains are not the primary reason for landslides in Wayanad.' 'There are all sorts of (human) intervention going on in that area.'
Karnataka Chief Minister Siddaramaiah on Monday hit out at the BJP-led government at the Centre, alleging the delay in giving approval to the construction of the Mekedatu balancing reservoir over the river Cauvery, and accused neighbouring Tamil Nadu of causing "unnecessary nuisance" on the issue.
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.
It was a repeat of scenes witnessed last month as motorists struggled to manoeuvre their vehicles on flooded roads and subways while showers led to traffic congestion in Chennai and suburbs.
To ensure immediate cooling of the body, the hospital has set up a first-of-its-kind heatstroke unit.
The state government asked the local administration to shift people from low-lying areas in Vadodara if needed as water entered into houses in several localities.
Indian economy grew 7.9 per cent in the March quarter.
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.
A stretch about 50 metres long on the Rishikesh-Badrinath National Highway near Pursari village is showing signs of land subsidence with cracks appearing on it.
The water level at the Old Railway Bridge crossed the 208-metre mark Wednesday night and rose to 208.48 metres by 8 am on Thursday. It is expected to rise further, according to the Central Water Commission, which has termed it an "extreme situation".
