Page 4 - El Nino
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
 "India braces for hotter days ahead; El Nino may add to heatwave crisis")
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
 "WHO prepares for increased spread of viral disease linked to El Nino")
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
 "Intense El Nino may push inflation up by 15-20 basic points, say experts")
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
 "China ramps up flood control preparations amid 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
 "World braces for extreme weather events as El Nino is officially here")
CAD may narrow to below 2% of GDP in FY24: CEA V Anantha Nageswaran
India 'well covered', equipped to tackle El Niño impact: CEA
 "CAD may narrow to below 2% of GDP in FY24: CEA V Anantha Nageswaran")
Facing the El Nino threat
The resilience of Indian agriculture to weather shocks has strengthened, but mitigating risks requires careful policy response
 "Facing the El Nino threat")
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 biggest immediate risk for the markets; not priced in yet: Analysts")
El Nino has arrived, bringing promise of worldwide weather turmoil
Experts say it will likely make 2024 the world's hottest year
 "El Nino has arrived, bringing promise of worldwide weather turmoil")
El Nino set to return in Pacific Ocean after 7 years, NOAA issues warning
Nino 3.4 index value jumped from minus 0.2° Celsius to 0.8° Celsius between March and June this year; meteorologists say such accelerated rates of warming were unusual
 "El Nino set to return in Pacific Ocean after 7 years, NOAA issues warning")
Peru declares state of emergency over possible El Nino phenomenon
"The governments of nine departments "do not have the response capacity" to deal with the foreseen situation brought about by the El Nino phenomenon, making national-level assistance necessary"
El Nino on the horizon, could wipe out $3 trillion of world economy
El Nino is on , which can lead to severe heat waves and droughts in many countries, including India, new research published in the journal Science has warned
This year's El Nino may be $3-trn setback for global economy by 2029
The paper, by Dartmouth Earth system scientists Christopher Callahan and Justin Mankin and published in the journal Science
 "This year's El Nino may be $3-trn setback for global economy by 2029")
El Ninos cost trillions of dollars with lasting economic scars: Study
The natural burst of El Nino warming that changes weather worldwide is far costlier with longer-lasting expenses than experts had thought, averaging trillions of dollars in damage, a new study found. An El Nino is brewing now and it might be a big and therefore costly one, scientists said. El Nino is a temporary and natural warming of parts of the equatorial Pacific, that causes droughts, floods and heat waves in different parts of the world. It also adds an extra boost to human-caused warming. The study in Thursday's journal Science totals global damage with an emphasis on lasting economic scars. It runs counter to previous research that found, at least in the United States, that El Ninos overall aren't too costly and can even be beneficial. And some but not all outside economists have issues with the new research out of Dartmouth College, saying its damage estimates are too big. Study authors said the average El Nino costs the global economy about $3.4 trillion. The strong ...
Shouldn't return to old pension system with same formula: C Rangarajan
Private investment needs to pick up if India's economic growth has to be sustained at 6-7%, says former RBI governor
 "Shouldn't return to old pension system with same formula: C Rangarajan")
Credit crunch, El Nino & DC deadlock to challenge Powell's recession bet
In Powell's view, the gravity-defying strength of American labor markets is smoothing the way for a soft landing, even after five percentage points of interest-rate hikes in little over a year
 "Credit crunch, El Nino & DC deadlock to challenge Powell's recession bet")
El Nino unlikely to dampen tractor industry volumes in a big way
Likely El Niño may water down sentiment but industry does not see huge downside in sales in FY24
 "El Nino unlikely to dampen tractor industry volumes in a big way")
India on alert for blistering heat across swathes of country in May
Temperatures aren't the only factor that makes heat waves dangerous. Humidity can also be fatal when the human body can't cool itself by sweating
 "India on alert for blistering heat across swathes of country in May")
East India may see heat wave in May, El Nino still at a neutral stage: IMD
India recorded 2,770 deaths due to extreme weather events in 2022; maximum in UP
With El Nino looming large, Centre to prepare contingency plan for farmers
The agriculture ministry has reportedly set up a system for advisory services and forecasts for the main agricultural belt of India based on the rainfall scenarios
 "With El Nino looming large, Centre to prepare contingency plan for farmers")