Several global models are predicting El Nio to appear around the second half of the year, which are the crucial rain-bearing months.
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Union Minister and Lok Janshakti Party-Ram Vilas leader Chirag Paswan is planning to convene a meeting of Scheduled Caste MPs of different parties as he works to mobilise support ahead of his party filing a review plea in the Supreme Court against its judgment allowing sub-categorisation of reservation within the community.
India is likely to witness normal rainfall during the southwest monsoon season this year, the India Meteorological Department said on Thursday. Rainfall will be 96 per cent to 104 per cent of the Long Period Average (LPA) of 87 cm of the 1971-2020 period, it noted. Earlier, the IMD used to consider the LPA of 88cm of the 1961-2010 period.
The short-term inflation outlook for India is benign, and the expectation of a normal monsoon and moderating global prices of key imported items give credence to the projections made by the RBI and IMF, the Economic Survey said on Monday. However, to ensure long-term policy stability, the Survey 2023-24 suggested making focused efforts to increase the production of major oilseeds, expanding the area under pulses, and assess the progress in developing modern storage facilities for specific crops.
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.
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She stars in Kota Factory season 3 that airs on Netflix this month.
The southwest monsoon is likely to arrive over Kerala on May 31, a day earlier than its normal onset date, the India Meteorological Department (IMD) said.
On Tuesday, Leader of Opposition Rahul Gandhi accused BJP MP Anurag Thakur of "abusing and insulting" him during the Lok Sabha discussion on the Union Budget.
Kerala has had 202 fatalities in 2024 so far. In July alone, there were 202,122 episodes of fever, 2,250 cases of dengue, 1,850 cases of mumps and several other illnesses. 10,000 cases of dengue have been reported from Karnataka. 1,000 swine flu cases have been documented in Rajasthan.
The World Bank on Tuesday raised the growth forecast for the Indian economy to 7 per cent for the current fiscal year on the back of recovery in agri sector and rural demand. World Bank had in June projected India to grow at 6.6 per cent for FY24. According to the World Bank Report released on Tuesday, India's growth continues to be strong despite a challenging global environment.
'Usually the average rainfall per day is around 8 mm and India is receiving 10 to 11 mm per day since the last one week.' 'July seems to be very good for the entire country.'
According to the police, 16-17 members of a family from Sayyad Nagar in Pune's Hadapsar area had hired a private bus to visit the scenic spot near Lonavala for a picnic on the rain-soaked day.
Domestic macroeconomic data announcements, global trends and trading activity of foreign investors would guide market sentiments this week, analysts said. After a record rally, markets may face volatile trends this week amid elevated valuations and investors would also keep a track of global oil benchmark Brent crude and rupee-dollar movement for further cues. "Potential volatility in the stock market is anticipated this week. Elevated valuations remain a concern, with investors now focusing on monsoon progress and its impact on the rural economy.
However, induction in the NCP-SP will come with riders, asserted the former Union minister.
The southwest monsoon is expected to reach Kerala during the next two to three days, marking a sluggish start to the seasonal rains that are the lifeline of India's agri-based economy.
The Southwest Monsoon is set to arrive early with the Andaman and Nicobar Islands expected to receive first seasonal showers on May 15, the weather office said on Thursday.
Most brokerages are betting that the new government will shift to a policy focussing on boosting rural incomes and consumption since that has clearly been a pain point.
The weather department said its latest model analysis had indicated that the moist easterly winds in the lower level from the Bay of Bengal would spread to northwest India, covering Punjab and Haryana by July 10, leading to the advancement of monsoon and an increase in rainfall activity over the region, including Delhi, from July 10 onwards.
Ten to 20 days of heatwave are expected against the normal of four to eight days in the entire April-June period.
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Road awards were muted in Q1FY25. But the pace will accelerate with a bidding pipeline of Rs 1.1 trillion (September 2024), mostly dominated by HAM (Hybrid Annuity Model) projects, which contribute 47 per cent and engineering procurement and construction or EPC projects, which have about 36 per cent share. Hence, infrastructure companies mostly reported revenue decline on a year-on-year (Y-o-Y) basis in Q1FY25.
With the cooling down of heatwaves as the monsoon spreads across the country, power demand has fallen by 12.5 per cent from the start of this month till Monday. Peak power demand of the country had touched a record of 210 Gw last week, mostly due to rising temperatures and opening up of the economy. Compared with the beginning of this month, almost all states have seen a fall in power demand. Punjab, however, is an exception where the power demand on Monday was 17 per cent higher than on June 1.
He also pointed out the high sums earned by the coaching centres leading to the commercialisation of education.
The Reserve Bank of India on Friday retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook warrant a close monitoring. Consumer Price Index (CPI)-based retail inflation has been projected at 4.5 per cent with quarter-wise projections at 4.9 per cent in Q1 (April-June), 3.8 per cent in Q2, 4.6 per cent in Q3, and 4.5 per cent in Q4.
Intense monsoon rains brought normal life to a standstill in several parts of eastern and central Rajasthan, flooding out roads, rail tracks, low-lying residential areas and hospitals and claiming seven lives since Sunday night.
Cement manufacturers have hiked prices after a challenging Q1FY25, and Q2FY25 (so far) when general elections and seasonal factors cut down on construction activity. The August prices are currently around 3-6 per cent above July 2024 but may not be sustainable in the face of weak demand. H2FY25 may see realisation growth which, if it happens, would drive average operating profit/tonne improvements in H2FY25 over a muted H1FY25.
Noting that elections will be held in four states, she urged party leaders to sustain the momentum and goodwill that had been generated for the party in the Lok Sabha elections.
During the Zero Hour of the Lok Sabha, BJP MP Anurag Thakur tried to corner the Leader of Opposition and Congress MP, Rahul Gandhi, by alleging that he has not spoken about ensuring the safety of minorities in Bangladesh.
Heatwave conditions have been prevailing in Odisha since April 15 and the Gangetic West Bengal since April 17, according to the MeT department.
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The family members of the missing persons who have been camping at the site for the past seven days have now lost hope and are praying for the recovery of bodies to perform last rites.
Normally, monsoon reaches Delhi by June 27. It covers the entire country by July 8. Last year, the wind system had reached Delhi on June 25 and covered the entire country by June 29.
Wholesale inflation fell to a 3-month low of 2.04 per cent in July on decline in prices of food items especially vegetables, government data released on Wednesday showed. The decline in wholesale price index (WPI) based inflation in July came after it rose for four months in a row till June, when it was 3.36 per cent. It was (-) 1.23 per cent in July last year. In April wholesale inflation stood at 1.19 per cent.
The Survey is authored by Chief Economic Advisor V Anantha Nageswaran and his team.
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