Khajura Ram fears more the impact of an uneven monsoon on wheat, chana and mustard, sowing for which, he says, starts immediately after Diwali.
The government on Wednesday said prices of the food articles might come down only after the ensuing Rabi season. Union Agriculture Minister Sharad Pawar said that due to the impact of the scant monsoon and the impact of floods, prices would not come down immediately.
Two persons were killed on Tuesday in North India due to heavy rains, which also disrupted normal life at many places in the region.
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.
The finance ministry on Thursday raised concerns over the possible impact of El Nio conditions on India this year, saying if recent forecasts came true, the country could see lower agricultural output and higher inflation. "Some meteorological agencies predict the return of El Nio conditions in India this year. "If these predictions are accurate, then monsoon rains could be deficient, leading to lower agricultural output and higher prices," the ministry said in its monthly economic review.
"Incessant rains which continued to wreck havoc over the entire state throughout the current monsoon season, have left 660 dead so far," UP's principal revenue secretary Balwinder Kumar said.
The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on Friday. The collection from Goods and Services Tax (GST) was Rs 1,43,612 crore in August 2022. "Roughly numbers are in the range of 11 per cent year on year growth as in earlier months," Malhotra told reporters.
The frequency of very heavy downpours seems to have increased.
The Reserve Bank on Tuesday cautioned that continued uncertainty over monsoon could stoke food inflation, but expressed the hope that government policies will improve supplies in the coming months.
Total area impacted across India pegged at 18.9 mn hectares.
The global body added that national meteorological and hydrological departments in both countries are working closely with health and disaster management agencies to roll out heat health action plans.
The Reserve Bank of India on Thursday decided to keep policy rate unchanged for third time in a row as it maintains heightened vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022.
Equity and oil markets can breathe easy for now, as the developments in Russia are unlikely to trigger a runaway rally in crude oil prices, said analysts. India, which imports nearly 80 per cent of its crude oil requirement, has been dependent on cheap Russian oil over the past few months to keep inflation - a sore point for the equity markets - in check. For the Indian markets that are expected to remain volatile amid these developments, analysts believe, the progress of monsoon, fund flows - both foreign institutional investor (FII) and domestic - and the upcoming corporate earnings season back home remain key.
You can use simple ingredients available at home to look your dewy best.
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An El Nino is a temporary change in the climate of the Pacific Ocean, in the region around the equator.
A research shows that the health of the majestic Gangotri glacier that feeds the river Ganges has been affected, as the maximum temperature in the region has shot up by 0.9 degree Celsius and snowfall reduced by 37 cm annually.
Do try making this gourd, Gujarati-style -- it's far tastier than expected.
While the city received some showers late Wednesday night, it remained almost dry on Thursday.
It was carrying 750 passengers from Dhaka to Bhola district in southern Bangladesh.
Incessant showers lashed Mumbai and its neighbouring areas on Wednesday morning, leading to flooding in many low-lying areas and traffic snarls on roads.
''I don't revisit any of my work once it's complete because I'm very self-critical.' 'I will probably exclaim, "Oh God, such bad acting!"'
Automobile retail sales in India witnessed a double-digit year-on-year growth in February driven by robust sales across segments including passenger vehicles and two-wheelers, automobile dealers' body FADA said on Monday. Total registrations across segments rose 16 per cent year-on-year to 17,75,424 units last month, as compared to 15,31,196 vehicles in February 2022. Passenger vehicle retail sales rose 11 per cent to 287,182 units last month, against 258,736 units in the year-ago period.
Bihar Chief Minister Nitish Kumar has announced an ex-gratia of four lakh rupees to the kin of those killed in the incident.
With the markets scaling new highs, as many as 43 stocks from the Nifty50 index and 27 of the 30 scrips that are part of the S&P BSE Sensex are trading above their respective 200-day moving average (DMA). The 200-DMA is seen as one of the most relevant trend indicators by investors and traders, who believe that stocks and indices trading above this level possess strength and are likely to rally in the short to medium term, while the ones trading below this level are viewed as bearish and expected to see a sell-off. Wipro, UPL, Kotak Mahindra Bank, Hindalco, Infosys, Cipla, and Adani Enterprises are the only stocks from the Nifty50 pack that are still below their respective 200-DMA, the exchange data suggests.
It was the second straight week of gains for the benchmarks.
Sukanya Verma shares her exciting filmi week with us!
Data compiled by National Collateral Management Services (NCML, a non-government body) shows a 6.3 per cent rise to 109 million tonnes (mt). The Union ministry of agriculture's first advance estimate was 100.5 mt, as compared to 102 mt in last year's fourth advance estimate.
In 20th edition of his radio programme 'Mann ki Baat', Prime Minister Narendra Modi talked about water conservation, Rio Olympics and other subjects.
In a statement by BCCI secretary Jay Shah, 'the move was made considering the monsoon season in India in the months of September-October this year'.
FinMin has already sought inputs from different central ministries for the Budget speech, which would be the last Budget of the current BJP-led NDA government before the 2019 general polls.
As the mercury rises she looks cooler and cooler,
'There is a weak link between the economy and the stock market.'
Six wondrous wardrobe moments that set the mood board this week.
The mighty Brahmaputra, one of the longest rivers in the world passes through China, India and Bangladesh and has several tributaries and sub-tributaries.
Rain played spoilsport yet again as the second day of the one-off Test between India and Bangladesh was called off without a single delivery being bowled, in Fatullah, on Thursday.
