Anything between 96-104 per cent of the LPA is considered as normal rainfall while precipitation in the range of 104-110 per cent is termed 'above normal'
With monsoon rainfall 16% below the long-period average, total sowing area is down by 7% at 56.7 million hectares so far this season.
An IMD bulletin said the low pressure area could intensify into a cyclonic storm, triggering heavy to very heavy rainfall in several parts of Kerala.
As of now, monsoon rains are deficient by 21 per cent across India, affecting sowing of kharif crops. Karnataka, Maharashtra, Gujarat, Haryana, Punjab and West Rajasthan have been the worst-hit regions this year.
Industrial production was seen growing 1.8 per cent from a year earlier in July, slower than June's 3.4 per cent increase, according to the median consensus in a poll of 31 economists.
Sugar prices are hovering near six-year highs, leaving a bad taste in Indian consumers' palates but sweetening the portfolios of investors in related stocks at Dalal Street. Shares of sugar manufacturers such as Piccadily Agro, DCM Shriram, Magadh Sugar, and Bajaj Hindustan have rallied up to a whopping 200 per cent so far in the financial year 2024 (FY24) as deficient monsoon rains in major sugarcane producer states like Maharashtra and Karnataka are expected to lead to a shortfall in sugar output ahead. In comparison, the BSE Sensex has modestly gained 11 per cent during this period.
Contrary to some predictions, rainfall is adequate so far.
Nearly all the 43 economists surveyed over the past week expect the RBI to leave its key repo rate on hold at 8 per cent.
Banking and real estate stocks rise up to 5% on further rate-cut hope.
The weather department says there is again a lull, but rainfall activity may increase in the north-west India, including Delhi, around July 14, though only for a short period.
We invited you to send in unique rain-themed photographs -- odd scenes that are captured on a lens for posterity -- to share with other readers. Here are some more responses!
We invited you to send in unique rain-themed photographs -- odd scenes that are captured on a lens for posterity -- to share with other readers. Here are some more responses!
Morgan Stanley sees a downside risk o 30-60 bps
We invited you to send in unique rain-themed photographs -- odd scenes that are captured on a lens for posterity -- to share with other readers. Here are some more responses!
We invited you to send in unique rain-themed photographs -- odd scenes that are captured on a lens for posterity -- to share with other readers. Here are some more responses!
Attacking the United Progressive Alliance government, Bharatiya Janata Party leader and former Finance Minister Yashwant Sinha on Wednesday said 4.9 per cent economic growth is not because of government's policies but due to good monsoon.
The Met Office has issued a yellow alert, warning of moderate rain which could cause more problems to the residents of Delhi.
Here's a recap of events that occurred in India in the past 24 hours.
More nations delayed their teams' arrivals for the Commonwealth Games in India as organisers raced against time to address security and health concerns that have already led several top athletes to pull out.
"The expectation is that the erratic monsoon may put pressure on inflation," RBI Deputy Governor K C Chakrabarty told reporters on the sidelines of a meeting of regional rural bank chiefs with Finance Minister Pranab Mukherjee.
Some low-lying places like Hindmata, and areas in Dadar and Sion, including the Gandhi Market and road number 24 in Sion, were inundated, forcing pedestrians to wade through the water and making it difficult for motorists to commute.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
On December 1and 2, flood-ravaged Chennai received more rainfall in 24 hours than it had seen on any day since 1901, according to the National Aeronautics and Space Administration.
The national capital has been witnessing an incessant spell of light to moderate rain for the past two days.
The prices of oilseed, coarse cereals & vegetables could also be affected.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
Disaster management authorities have warned about very heavy rainfall over the next 24 hours.
The prolonged break in the rainy season that has caused widespread concern over the delay in kharif sowing is finally ending with the monsoon likely to advance into Mumbai and adjoining parts of Maharashtra in two or three days.
A deep depression over the Bay of Bengal intensified into a cyclonic storm, named Remal, on Saturday evening and is likely to turn severe before making landfall between the coasts of West Bengal and Bangladesh on Sunday midnight, the India Meteorological Department (IMD) said.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
India Meteorological Department has predicted deficient rains.
'The monsoon has stabilised over Kerala. It is no longer temporary,' Dr S K Subramanian of the Indian Meteorological Department said.
'Heavy rains are not the primary reason for landslides in Wayanad.' 'There are all sorts of (human) intervention going on in that area.'
Foreign investment firm Credit Suisse First Boston said on Thursday that delayed monsoon is unlikely to have a "significant impact" on India's economic growth pegged at 5.7 per cent in 2004-05.
Commission for Agriculture Costs and Prices cairman Ashok Gulati tells Business Standard that IMD's prediction should be taken with a pinch of salt, as data shows there is usually a deviation of eight-10 per cent from the standard margin of error in many met predictions.
Southwest monsoon, critical for the farm-based economy of the country, is expected to reach Kerala on May 30, two days before its normal onset date in the coastal state.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
'At the first sign of rain, Mumbai's infrastructure begins crumbling.' 'The monsoon is the true test of the durability and effectiveness of any system.' 'What most don't realise is that the city is dead,' mourns N Suresh.
In the coming months, globally as well as in India, rice might remain a hot potato.
