Page 3 - El Nino

India braces for driest August since 1901 amid intensifying El Nino

India is poised to experience the driest August since 1901 which, senior meteorologists say, is a clear result of intensifying El Nino conditions. Also, the monsoon this year may end up being the driest since 2015, which recorded a rainfall deficit of 13 per cent, they said. With a 32 per cent precipitation deficit in August so far and the prediction of only subdued rainfall activity over a large part of the country in the next three days, India is on track to record the driest August since 1901, an India Meteorological Department (IMD) official said, requesting anonymity. August receives 254.9 mm of rainfall, accounting for around 30 per cent of the precipitation during the monsoon season. India recorded a rainfall deficit of 25 per cent in August 2005, 24.6 per cent in 1965; 24.4 per cent in 1920; 24.1 per cent in 2009 and 24 per cent deficit in 1913, according to the IMD data. IMD chief Mrutyunjay Mohapatra said the primary reason for below-normal rainfall in August was El Nino

Elevated inflation trends may dig a deeper hole for FMCG stocks: Analysts

Investors have shunned consumer stocks with shares of HUL, ITC, Britannia, Godrej Consumer, Tata Consumer, and Nestle India dropping in the range of 1-11 per cent in a month

Power demand heats up to record high of 233 Gw due to rising temperatures

Experts believe prolonged hot weather would keep the electricity demand pushing up. This would drive demand for coal

Winter vanishes, heat scorches the Andes as climate change meets El Nino

"What to do?" Chilean Environment Minister Maisa Rojas, who is also a physicist and climatologist, said in a series of Twitter posts. "We know the solution: stop burning fossil fuels urgently!

Extreme heat and weather conditions attributed to stagnant jet stream

Powerful weather forces are combining to create the planet-wide conditions, and there's unlikely to be relief from the scorching temperatures anytime soon

India's El Nino silver lining: Resilience to poor rainfall improving

Agriculture's role in the economy has reduced over the decades, easing impact of 'climatic shock'

Weak demand, inventory to weigh on agrochemical companies' stocks

Street remains cautious about the sector due to lower price realisations and fears about El Nino's impact on the monsoon

Monsoon deficit likely to get wiped off soon, but El Nino a concern

The India Meteorological Department (IMD) has predicted a normal rainfall in July at 94-106 per cent of the long-period average (LPA), cumulatively across India.

Temperatures seen surging as El Nino weather pattern returns: WMO

El Nino, a warming of water surface temperatures in the eastern and central Pacific Ocean, is linked to extreme weather conditions from tropical cyclones to heavy rainfall to severe droughts

Will strive to get CPI to 4%, El Nino a challenge for food inflation: Das

Governor Shaktikanta Das has said the Reserve Bank will strive to get headline inflation to its 4 per cent target but flagged El Nino as a challenge to its efforts. In an exclusive interview with PTI Bhasha at his office here, Das exuded confidence that the economy will grow at 6.5 per cent in FY24, as estimated by the RBI earlier. The central bank's rate hikes by a cumulative 2.50 per cent since May last year, coupled with supply-side measures from the government, have helped get the inflation down to 4.25 per cent in May from a peak of 7.8 per cent in April last year, Das said. "We continue to be watchful on the inflation front. We expect inflation to be at 5.1 per cent in FY24, and we will continue to strive and get it down to 4 per cent," he added. On the high borrowing costs, Das said interest rates have a direct relation with inflation, and the RBI can cut interest rates if the consumer price inflation cools down to 4 per cent or thereabouts on a durable basis. The governor

El Nino's fierce heat carries new risk of resurgent deadly viruses

Mosquitoes that transmit such viruses flourish in the warmer weather that El Niño is set to bring to many parts of the world

India braces for hotter days ahead; El Nino may add to heatwave crisis

India reported one of the hottest summers in 2022, when it recorded 203 heatwave days

WHO prepares for increased spread of viral disease linked to El Nino

The WHO chief also warned that climate change is fueling the breeding of mosquitoes, and incidence of dengue has already risen sharply in recent decades, particularly in the Americas

Intense El Nino may push inflation up by 15-20 basic points, say experts

A deficient monsoon could push food inflation by 50-60 basis points; it is likely to have lower than 50 bps impact on headline inflation that the RBI talks about as potential negative impact

China ramps up flood control preparations amid growing El Nino threat

China on Tuesday ramped up its flood control and disaster relief efforts to safeguard people's lives and properties amid the growing El Nino threat

World braces for extreme weather events as El Nino is officially here

The last El Nino event occurred between February and August 2019 but its impacts were relatively weak

CAD may narrow to below 2% of GDP in FY24: CEA V Anantha Nageswaran

India 'well covered', equipped to tackle El Niño impact: CEA

Facing the El Nino threat

The resilience of Indian agriculture to weather shocks has strengthened, but mitigating risks requires careful policy response

El Nino biggest immediate risk for the markets; not priced in yet: Analysts

Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy.

El Nino has arrived, bringing promise of worldwide weather turmoil

Experts say it will likely make 2024 the world's hottest year