Latest Updates on El Nino

Keeping in mind the factors on crop prospects, it stands to reason that rate cuts are out, and an unchanged position can be expected.

The recent acceleration in rainfall has provided a sentiment lift, but from a fundamental standpoint, it has only partially mitigated D-Street's underlying anxieties.

AM Karthik of ICRA Ltd said that NBFCs slow down disbursements, tighten their credit norms and prioritise collections and loan quality over loan growth when macroeconomic headwinds intensify.

Tractor sales, the JM Financial study said, were most sensitive to El Nino conditions, recording weaker sales growth during the La Niña period, which is associated with excess rainfall.

Analysts said the impact of a weak monsoon would depend more on the distribution of rainfall across key agricultural regions rather than the overall national rainfall figure.

Weak monsoon rains linked to El Niño have lowered reservoir levels, curbing hydropower generation and increasing India's reliance on coal to meet rising electricity demand

A poor monsoon can trigger a chain reaction across the economy, from lower farm output and higher food prices to weaker demand and changes in RBI policy

Skipping the ideal and pushing doable urban reforms immediately is key to reviving India's sputtering city growth engines

India forecasts coal's share in nation's generation mix will fall to 64% by 2027 and 50% over next decade, but it remains at more than 70% even after drop in thermal power production last year

Europe is witnessing one of the worst heatwaves in its recorded history. The ongoing heatwave has caused more than 1,300 excess deaths since June 21, according to the World Health Organization

India's rainfall deficit has widened, and companies are getting nervous. A weak monsoon doesn't just affect farmers—it can hit rural incomes, consumer spending, tractor sales

Today's opinions examine monsoon uncertainty, RBI's NBFC framework, worsening state finances, Donald Trump's economic approach and the future of modern feminism

According to a recent India Meteorological Department (IMD) release, India recorded 45.6 mm of rainfall by June 20 against the seasonal normal of 84.4 mm, resulting in a 46 per cent shortfall.

The developing El Niño, and the likelihood it will reach strong intensity later this year, is expected to raise temperatures and suppress rainfall in Southeast Asia

India's southwest monsoon from June 1 to June 23 has been almost 43% below normal, among its worst performances in the last several years

A majority of the 111 'most vulnerable' districts are in Maharashtra and Madhya Pradesh; the former accounts for 22 of them

The strongest El Niño signal appears in the rural economy; market outcomes are often shaped by more powerful forces