We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
India's fuel demand in September rose at the fastest pace in more than a decade.
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!
While Maruti leads with 30% volume growth, Hyundai sold 18,337 vehicles in rural markets during April-June
Two-thirds of gold demand in India comes from rural areas where jewellery is a traditional store of wealth.
Heavy to very heavy rains are expected in Maharashtra, Gujarat, west Madhya Pradesh and Goa in the next couple of days, the India Meteorological Department said.
If the BJP has to work as a junior partner of Vijay's TVK, then either the party will have to change the state leader, or the latter should change himself. Incidentally, ever since Vijay started talking politics and elections, the pro-BJP/Hindutva social media had stopped dragging his name into any non-existing issue.' In particular, they have stopped referring to him by his Christian name, 'Joseph Vijay', observes N Sathiya Moorthy.
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!
India's leading commodity exchange, National Commodity and Derivatives Exchange (NCDEX), and private weather forecasting company Skymet took a significant step towards launching the country's first tradeable weather index on Monday (August 14) by entering into an agreement to deepen their understanding of the impact that weather has on agricultural commodities. The memorandum of understanding (MoU) between NCDEX and Skymet is a profound step in the direction of linking farmers with the weather in a scientific way, according to an official statement. Sources indicate that NCDEX and Skymet will conduct workshops and seminars across the country to educate farmers about how they can scientifically use weather forecasts to hedge risks.
Machinery and manpower have been deployed, but stones falling from the hills are obstructing the road opening work, the officials said.
A 6-7 million tonnes shortfall in rice production due to a fall in paddy sowing area is likely to keep rice prices at elevated levels, adding to the inflationary pressure that the slowing economy is already grappling with. Elevated food prices, including that of cereals, had led to retail inflation reversing a three-month declining trend, to touch 7 per cent in August. Similarly, the wholesale price inflation, which declined to 11-month low, also showed price pressures from cereals resulting from wheat output being impacted by severe heat waves in some parts of the country.
Weather forecasts have notoriously large error margins.
The Central Railway has decided to operate its suburban services in Mumbai division on Sunday time table, which means it will ply fewer trains, compared to weekdays when trains are run in full capacity.
According to the meteorological analysis of the southwest monsoon between June one and August 24, the country, on the whole, had received one per cent less rainfall than the long period average. Of the 36 meteorological sub-divisions five, including Marathwada, continue to receive deficit monsoon rains.
For potato farmers in the north and wheat growers in the eastern parts -- particularly in Jharkhand, Bihar, and Odisha -- the recent rains could in fact be beneficial.
In May, Satpal Singh, who runs a dairy business with three buffaloes in Jewar, near Noida, was worried about the steep spike in input costs. Singh said dry fodder rates, which cost Rs 1,500-2000 per tractor trolley last year, were quoting at Rs 4,500-5,000. The price of other cattle feed ingredients (that include mustard meal and similar mixes) had also gone up from Rs 2,000 per quintal to Rs 3,100-3,200 per quintal.
Experts say it will make GDP growth target of 5.7-5.8% difficult to achieve, while ministries feel late resurgence will help in sowing of rabi crops.
The rupee sank below 60 rupees to the dollar and government bonds had their biggest single-day fall in a month on Monday as higher-than-expected May inflation compounded worries about the impact of violence in Iraq on the price of oil, which India imports.
About 15 per cent of the country's total GDP comes from agriculture.
Movement of rupee and crude oil prices will also dictate the trend
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
During the monsoon, with the heat subsiding we tend to forget a very crucial element of skin care. Sunscreen.
Khajura Ram fears more the impact of an uneven monsoon on wheat, chana and mustard, sowing for which, he says, starts immediately after Diwali.
'It affects our economy, it is very important in many ways.' 'So we have to be the foremost experts in the world on the monsoon.' 'But the best minds in India have not devoted their time to the study of monsoon and they have followed the fashions of the West.'
India will receive normal monsoon this season, country's meteorological department said on Wednesday in its forecast for the Southwest monsoon that covers 75 per cent of the country, and thereby may bring much-needed respite to the economy, which is reeling under the catastrophic effect of the Covid-19 pandemic.
The rating agency expects the Reserve Bank of India to continue its accommodative monetary stance.
This year saw no improvement in bilateral ties as India accused Pakistan of cross-border infiltration and re-activation of terror-launching pads near the LoC.
Over 20,000 people have been displaced with officials warning the situation could get worse.
Nearly two-thirds of India's gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.
A good monsoon would translate into demand pickup across multiple sectors.
Sales of fast-moving consumer goods (FMCG) witnessed significant recovery in September after enduring a double-digit decline in August, according to data furnished by Bizom. Kirana stores in rural areas stocked up in preparation for the festival season, which began in September. This, combined with rainfall reaching 113 per cent of the long-perid average for the month, contributed to a boost in sales.
The incident is said to have occurred in the wee hours when a huge mound of earth fell on the 'row houses' and two children and five women were among the deceased, most of whom were plantation workers from neighbouring Tamil Nadu.
Here's a recap of events that occurred in India in the past 24 hours.
The rise in consumer price index (CPI) inflation could see the Reserve Bank of India (RBI) in an extended pause mode as regards interest rates, and in turn, keep the market rally in check, believe analysts. Signs of inflation cooling off in the US, however, is likely to provide some cushion as the expectations of a change in stance by the US Fed as regards interest rates is likely to aid sentiment. Back home, CPI inflation surged for the first time in five months to 4.81 per cent in June 2023, and was higher than the street's expectations of 4.58 per cent.
The hardening of the Wholesale Price Index follows an uptick in retail inflation.
Parts of Raigad, Ratnagiri districts in the coastal Konkan region and Kolhapur district in western Maharashtra, have been worst affected by the floods. Besides that, heavy rains have been pounding parts of Satara district.
