Minimum temperature eases to 30.2 degrees Celsius, but hot and humid conditions remain as IMD forecasts light rain, thunderstorms and gusty winds in Delhi; heavy rainfall likely across several states
Maximum temperature likely to remain between 38 and 40 degrees Celsius in Delhi; heavy rainfall alert continues over parts of eastern and northeastern India
RBI Governor Sanjay Malhotra said inflation risks remain elevated due to West Asia tensions, rising oil prices and the possibility of a weak monsoon, even as supply-side pressures dominate
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.
Analysts said concerns over agri stocks are justified due to the rainfall deficit, but suggested investors to stay selective rather than avoid the sector altogether.
Divya S of Capri Global said that a weak monsoon often increases gold loan demand, as rural households monetise jewellery to finance the next crop cycle or bridge working capital gaps.
The IMD has forecast a week-long break in the southwest monsoon. Here's why the monsoon takes a pause every year, why this year's break seems unusual, and what it could mean for paddy cultivation
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
Kharif sowing gathers pace as monsoon improves, but acreage remains below last year amid weak rainfall concerns
An uncertain monsoon could work in favour of India's soluble fertiliser makers this Kharif season, but a sharp rise in prices poses a bigger risk to demand, industry body SFAI said on Sunday. Prices of key inputs have surged 60-100 per cent over the past year due to China's export curbs and disruptions linked to tensions in West Asia, Soluble Fertilizer Association of India (SFAI) President Rajib Chakraborty said. "Current prices are almost 60 to 100 per cent up," Chakraborty told PTI, adding that monoammonium phosphate (MAP), which sold for around USD 1,000 per tonne over the last couple of years, is now trading at USD 1,500-1,600 per tonne. "An increase of USD 600 per tonne means it's a big thing," he noted. Asked about the biggest risk to the sector this season, Chakraborty said it was the possibility of a drop in consumption due to the price rise. "The moment it becomes very expensive, farmers stop using it," he said, adding that price control was not possible or within the ..
Food accounts for nearly 40% of India's CPI basket. That makes the monsoon one of the earliest signals of whether inflation stays under control or becomes a policy concern
According to the India Meteorological Department (IMD), the usual date for the monsoon to cover the entire country is July 8 and, therefore, this year it has been delayed by a day
A survey found 79% of Delhi NCR residents rated their local administration's preparedness for monsoon waterlogging as poor or pathetic, with Gurugram recording the highest dissatisfaction
Rainfall across Delhi-NCR is becoming more localised as thunderstorms, changing monsoon patterns and urban heat islands create sharp differences across neighbourhoods
Delhi woke up to heavy rainfall for the second consecutive day as the India Meteorological Department (IMD) has issued an orange alert for the city
Agriculture Minister Shivraj Singh Chouhan said stronger July rains are expected to improve kharif sowing after a delayed monsoon affected crop planting
Heavy monsoon rains have disrupted life across Mumbai and neighbouring districts. Schools are shut, trains and flights are affected, roads are flooded
The NDA has increased its numbers in the RS and gained in the elections to fill 27 RS vacancies