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.
The Ayanagar weather station recorded 122.8 mm between 8.30 am on Wednesday and 8.30 am on Thursday, which was 11 times the normal rainfall.
The state government has declared a holiday on Wednesday and Thursday for all private institutions, offices, non-essential services within Outer Ring Road here in view of rains.
Monsoon will hit the Kerala coast on June 1, setting the stage for the four-month annual rainfall season crucial for India's agriculture-based economy. "The date of onset of the southwest monsoon over Kerala is likely to be on June 1 with a model error of four days," the India Meteorological Department announced on Tuesday.
Crop loss would the highest in Karnataka (where a little more than 75 per cent of the national output comes from), followed by Kerala and Tamil Nadu.
The Delhi traffic police advised commuters to avoid waterlogged streets.
There are no plans of creating artificial rain.
Automobile retail sales in India declined 9 per cent year-on-year in September amid a massive buildup of passenger vehicle inventory due to sluggish demand, dealer's body FADA said on Monday, urging original equipment manufacturers to take corrective steps. The overall registrations declined to 17,23,330 units last month from 18,99,192 units in September 2023, as most of the categories including passenger vehicles and two-wheelers witnessed a year-on-year (Y-O-Y) drop.
Incessant rains over the past two days in eastern Rajasthan have led to a flood-like situation in the region and severed road connectivity to many areas.
Though the summer is expected to be hotter, global and domestic forecasts point to good rains.
Maharashtra Chief Minister Eknath Shinde reviewed the rain situation on Tuesday and said over 3,500 people had been shifted to safer places from flood-prone and vulnerable spots across the state, where several districts, including Mumbai, experienced downpour.
We are all 'Chasing the Monsoon', notes Ajit Balakishnan.
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.
Two persons were killed on Tuesday in North India due to heavy rains, which also disrupted normal life at many places in the region.
Mumbai recorded over 250 mm of rain in just three hours (between midnight and 3 am), touching 305 mm by 7 am on Sunday, a meteorologist said.
Recoveries outnumbered daily new cases of COVID-19 for the 44th consecutive day with the number of people who have recuperated from the disease surging to 2,91,93,085.
However, the areas under paddy - the biggest cereal grown during the kharif season - continue to be less than last year, mainly due to delayed onset of rains and also on account of shift towards the more lucrative maize.
The monsoon session of Parliament got off to a stormy start on Monday leading to adjournment of the two Houses without transacting much business following an opposition uproar over issues ranging from price rise to the Agnipath scheme.
While the city received some showers late Wednesday night, it remained almost dry on Thursday.
From the Sensex firms, Power Grid, NTPC, Tech Mahindra, Bharti Airtel, Tata Motors, IndusInd Bank, Reliance Industries, Kotak Mahindra Bank and Maruti were among the laggards. Asian Paints, Wipro, JSW Steel, Hindustan Unilever, Bajaj Finserv and Mahindra & Mahindra were among the biggest gainers.
Deficient rains in west, flooding in north play havoc with crop cycles.
The southwest monsoon has picked up pace, and is now on the verge of covering almost the entire country.
Rain for the central and northwestern parts a concern.
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.
The Met department forecast heavy to very heavy showers in north coastal Tamil Nadu till Saturday.
Senior officials of the India Meteorological Department said they were now more confident that El Nino would indeed appear during the second half of the southwest season, compared to April when the last official forecast was made.
A depression over the southeast Arabian Sea, south of Porbandar in Gujarat, is likely to move northwestward and intensify into a cyclonic storm, the India Meteorological Department said on Tuesday.
What is it like watching all the Olympian action and drama unfold from the spectators' galleries at the Stade de France?
The IMD attributed the projection to a weakening of El Nio and the Indian Ocean Dipole turning positive.
GST is the biggest revenue shake-up since independence
Scientists from the University of Reading have helped to explain why heavy snowfall over the Himalayas in winter and spring can lead to drought over India, especially in the early part of the summer monsoon an issue that has defied experts for years.
Monsoon normally hits Kerala on June 1 but this year, Met department had predicted that it will hit the state on June 5.
Trade and market players have already started factoring in at least 10 million tonnes drop in production in rice in the kharif season as compared to last year due to delayed sowing.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
In many parts of central and north India, monsoon reaches only in July.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
Diesel sales in India fell 3 per cent in September as a receding monsoon continued to dampen demand and slowed industrial activity in some parts of the country, preliminary data of state-owned firms showed. While diesel sales by three state-owned fuel retailers fell year-on-year, petrol sales rose in September. Consumption of diesel, the most consumed fuel in the country -- accounting for about two-fifths of the demand, fell to 5.81 million tonnes in September from 5.99 million tonnes demand in the same period a year ago.
Five persons were killed in rain-related incidents in Jammu on Saturday as the monsoon continued to hold sway in many parts of the country's northern plains with torrential showers triggering landslides and flooding.
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.
A third of FMCG sales and half of motorcycle sales come from the hinterlands
