The RBI on Wednesday cautioned that while the Indian economy appears capable of weathering the deterioration in geopolitical conditions amid the ongoing Russia-Ukraine war, it faces headwinds from global spillovers from geopolitical tensions, elevated commodity prices and moderating external demand. The RBI, however, did not tinker with the GDP growth projection made in April. It had slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.
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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.
Delhi recorded 8.6 on the UV index on Tuesday while it was 8.2 at noon on Wednesday.
Several global models are predicting El Nio to appear around the second half of the year, which are the crucial rain-bearing months.
The India Meteorological Department said the southwest monsoon further advanced into Delhi, Uttar Pradesh, Himachal Pradesh, Jammu and Kashmiri, some parts of Punjab, Haryana and Rajasthan on June 30.
Rafael Nadal, who was out of competitive action for over six months due to the COVID-19 pandemic, was at pains to point out that not everything was as easy as it looks.
'When you are travelling in Mumbai when the air quality is bad, you feel suffocated.' 'You may feel uncomfortable breathing Delhi air, but the level of discomfort is higher in Mumbai.'
Assocham-Skymet report says untimely rain may reappear in north India.
The overall FPI inflows should move into the range of $15-20 billion in fiscal 2017 with equity dominating with $10-15 billion and debt with $5 billion
Dozens of farmers have already committed suicide in India after damage from unseasonal rains this year.
According to Ministry of Earth Science's air quality monitor 'SAFAR', the air quality is likely to improve from Friday onwards due to better wind speed.
With increasing temperature, the toxic ozone levels, which cause a number of health problems especially for asthmatics, have breached the permissible limits in the city, the MET department said on Thursday.
What stocks will gain from a normal monsoon?
Moody's Investors Service on Wednesday raised India's economic growth estimate for 2023 to 5.5 per cent from 4.8 per cent pegged earlier, on the back of a sharp increase in capital expenditure in the Budget and a resilient economic momentum. It however revised downwards India's growth estimate for 2022 to 6.8 per cent from 7 per cent pegged in November last year. In its February update to Global Macro Outlook 2023-24, Moody's raised the baseline 2023 real growth projections "meaningfully" for several G20 economies, including the US, Canada, the Euro area, India, Russia, Mexico, and Turkiye, accounting for a stronger end to 2022.
Operations at the Delhi airport remained normal. However, three flights were returned or diverted to the Delhi airport due to bad weather in Chandigarh, Varanasi and Lucknow on Tuesday night.
Skymet said the monsoon this year could be 100 per cent of the long period average (LPA) with a model error of plus and minus 5 per cent.
Other Graded Response Action Plan measures like ban on diesel generators, hot mix plants, stone crushers and brick kilns, however, continue to remain in place.
Schools and colleges are set to reopen on Monday in three adjoining districts of Chennai, Kancheepuram and Thiruvallur after remaining closed for nearly ten days in view of the monsoon fury.
'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession.
Rain for the central and northwestern parts a concern.
The BMC declared a holiday for all government and private schools and colleges in Mumbai on Thursday after the IMD issued a 'red' alert for the metropolis.
It was the second straight week of gains for the benchmarks.
In Delhi, Safdarjung, the base station for the national capital, recorded 44.2 degrees Celsius, while Mungeshpur observatory in northwest Delhi, reported 47.3 degrees Celsius.
India's services sector lost momentum in July as demand was curtailed by competitive pressures, elevated inflation and unfavourable weather, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 59.2 in June to 55.5 in July, pointing to the slowest rate of growth in four months. For the 12th straight month, the services sector witnessed an expansion in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
A depression has formed over the Bay of Bengal and it will cross the coast between Tamil Nadu and Andhra Pradesh by early November 19, the India meteorological department said on Thursday, as rains lashed Chennai and its neighbouring districts, with forecast of more spells.
In the first of a two-part series, Business Standard examines the impact of the upcoming summer on agriculture and drinking water supply.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
The weather system moved west-northwestward and concentrated into a depression on Saturday at 8.30am, close to west of Andaman Islands, the bulletin said.
Temperatures in March will be critical to determining the impact of any unusual heatwave conditions on this year's wheat crop in North India. It is that time of the year when the crop enters its vital grain-filling stage, say meteorologists and crop experts. So far, the high day temperatures in the North are not believed to have any significant impact on the final yields since the crop hasn't entered a stage where heat affects yields.
An integrated team of 200 staff crunches data to minimise disruption for 149 planes, but airport infrastructure poses a challenge
It is impossible the control or reduce the fury of nature but, at a lower scale, it is worth experimenting to modify it, says Ajay Lele.
PSLV C-35, carrying India's SCATSAT-1 meant for ocean and weather studies and seven other satellites including from the United States and Canada, on Monday lifted off from the spaceport in Sriharikota.
55% of cultivable land still doesn't come under irrigation.
Rainfall in August is predicted to be below normal (less than 94 per cent of LPA), but the situation is expected to improve comparatively in September, the IMD said.
The overall air quality index was recorded at 426 which falls in the 'severe' category, according to data by the Central Pollution Control Board.
Monsoon in August was almost 24 per cent below normal, which was the sixth driest August since 1901. It came on the back of a 7-per cent monsoon shortfall in July.
Part-time off-spinner Glenn Maxwell can see himself playing a bigger role behind specialist spinners Nathan Lyon and Adam Zampa.
