Despite government price controls, experts predict that the lack of proper rainfall will result in prices staying high in the foreseeable future
The monsoon has also advanced towards Gangetic West Bengal, the northeastern part of Jharkhand and adjoining area of Bihar, Mohapatra added
Petrol and diesel sales fell in the first half of June as the arrival of monsoon cut demand in the agri sector and reduced vehicular movement, preliminary industry data showed. Demand for diesel, the most consumed fuel in the country accounting for about two-fifths of the demand, fell 6.7 per cent to 3.43 million tonne in June 1-15 compared to the year-ago period. Sales of diesel had soared 6.7 per cent and 9.3 per cent in April and May, respectively as agriculture demand picked up and cars yanked up air-conditioning to beat summer heat. Month-on-month sales were up 3.4 per cent when compared with 3.31 million tonne of diesel consumed in May 1-15. Petrol sales dropped 5.7 per cent to 1.3 million tonne during the first half of June 2023 when compared with the same period last year. Sales were down 3.8 per cent month-on-month, the data showed. Petrol and diesel sales had been on the rise since the second half of March on the back of a pick-up in industrial and agriculture activity.
Equity markets this week will be largely guided by trends in global stocks, foreign funds' trading activity and progress of monsoon, analysts said. Investors will also track the movement of rupee against the US dollar and crude oil prices. Benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday. Market analysts attributed the rally in the markets to the fact that the US Federal Reserve did not raise interest rates, while positive global cues and foreign institutional investors (FIIs) turning net buyers of local equities also supported the uptrend. "The Indian market will be closely monitoring the progress of the monsoon season. Globally, there is expected to be an increase in volatility in the US market over the coming week. This is due to the upcoming semi-annual testimony of Fed Chairman Powell to Congress," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. According to analysts, a steady recovery in global indices, especially in the US, .
The remnant of cyclone Biparjoy is expected to bring rain over parts of Uttar Pradesh and Madhya Pradesh starting Sunday, and help the monsoon advance over east India currently in the grip of a severe heat wave, meteorologists said on Friday. The monsoon's progress has remained sluggish since May 11 in the absence of any weather system over the Bay of Bengal. Cyclone Biparjoy also impacted the southwest monsoon current, they said. Biparjoy's remnant is likely to move north-eastwards and give rainfall in central and east Uttar Pradesh and Madhya Pradesh, they said. "It may happen... we are monitoring the situation. There could be some other parameters too, such as an increase in cross-equatorial flow over the Arabian Sea and the Bay of Bengal. That can also help advance the monsoon in addition to this (remnant of the cyclone)," IMD Director General Mrutyunjay Mohapatara said when asked if the system can help the monsoon advance over east India. He chief said conditions will be ...
The southwest monsoon between June 1 to June 16 is almost 47 per cent less than normal with rains yet to reach several parts of the country, where it should have been in the usual course otherwise
CEA Nageswaran said that India is 'well covered' in handling the impact of monsoon on output and prices
The southwest monsoon is set to advance further into the southern peninsula and eastern parts of the country from Sunday after an initial delay in its onset over Kerala. India Meteorological Department (IMD) Director General Mrutyunjay Mohapatra said Cyclone Biparjoy has completely detached itself from the monsoonal flow and will have no impact on the progress of the seasonal rainfall system. "Had Cyclone Biparjoy moved north-westwards towards Oman, it would have affected the monsoonal flow," he said. Mohapatra said the cyclone had helped the progress of the monsoon by strengthening the cross-equatorial flow as it lingered over the southeast Arabian Sea. Conditions were becoming favourable for further advance of the southwest monsoon over some more parts of the south peninsula and east India and adjoining areas between June 18 and 21. Cyclone Biparjoy's presence in the Arabian Sea had initially delayed and reduced the intensity of the onset of monsoon by pulling both moisture and
Smartphone major Samsung expects normal monsoon will fuel high demand in rural areas and bring in strong business growth in the second half of this year, a senior company official said on Tuesday. Samsung India Senior Vice President for Mobile Business Raju Pullan said that the company is not only seeing growth coming from the urban market but it is also coming from the tier 1, 2, and also rural markets. "We are seeing very strong consumerism and very strong demand for consumption in the rural area. As IMD (India Meteorological Department) states that the monsoon in India will be as per expectation because of this we are expecting a very good second half as well. "We are preparing for a very strong second half and (Galaxy) F54 5G is seeding to a very strong growth in the second half of this year," Pullan said. He was speaking after the launch of the 10th 5G smartphone, Galaxy F54, which it will sell through Flipkart, the Samsung website, and at select retail stores at an introducto
Skymet says it could arrive around June 9
The monsoon missed its onset date in Kerala on Sunday with the India Meteorological Department anticipating a further delay of three to four days. The southwest monsoon normally sets in over Kerala on June 1 with a standard deviation of about seven days. In mid May, the India Meteorological Department (IMD) said it might arrive in Kerala by June 4. In a statement on Sunday, the IMD said, "Conditions (are) becoming favourable with the increase in westerly winds over the south Arabian Sea. Also, the depth of westerly winds is gradually increasing and today, June 4, the depth of westerlies has reached up to 2.1 kilometres above the mean sea level. "The cloud mass over the southeast Arabian sea is also increasing. We expect that these favourable conditions for monsoon onset over Kerala will further improve during the next three-four days. It is being monitored continuously and further updates will be provided tomorrow (Monday)." Scientists, however, said the delay is unlikely to impac
Ahead of the arrival of the monsoon in the southern state, Kerala Chief Minister Pinarayi Vijayan on Tuesday issued a slew of directions, like procuring rescue equipment, storing it locally and cleaning out drainage systems in cities prone to waterlogging, to ensure safety of people during the rainy season. The directions for intensifying the preparations for the monsoon were issued by the Chief Minister in a meeting of the State Disaster Management Authority (SDMA). The meeting was held after the Central Meteorological Department announced that the monsoon is expected to hit the state by June 4. Vijayan directed the officials that a review of monsoon preparedness should be conducted in each district of the state in the first week of June, July, August and September in view of the unpredictable nature of the rains, a statement issued by the Chief Minister's Office said. The Chief Minister said that procuring and storing the rescue equipment locally would help civil, defence and oth
One big change in India's drought management is in the IMD's parlance
IMD will come out with its region-wise forecast for later this month
Citizens in Mumbai will receive weather updates on their mobile phones through SMSes during monsoon, the Brihanmumbai Municipal Corporation (BMC) said on Tuesday. "An SMS alert will be sent to citizens during an emergency," the BMC said. BMC commissioner Iqbal Singh Chahal on Tuesday chaired a meeting with various agencies on disaster management as monsoon preparedness. Officials of BEST, MMRDA, MSRDC, PWD, Mumbai Metro, Railways, NDRF, IMD, MHADA and other agencies along with the civic officials attended the meeting. The District Disaster Management Department has set up a control room to provide timely alerts about weather conditions and it has a mechanism to provide real-time weather alerts. Chahal directed all departments and agencies to expedite coordination to mitigate the possible challenges during the monsoon, the release said. For the smooth operation of suburban trains, which are used by more than 70 lakh people daily, Chahal directed the BMC's garden department to comp
Delhi Mayor Shelly Oberoi on Friday held a high-level meeting on the city's monsoon preparedness and asked officials to identify areas where there is frequent waterlogging during the rainy season. To ensure effective implementation of proposed plans, regular meetings will be organised on this subject twice a month, she said. With the aim of ensuring safety and convenience of citizens during heavy rainfall, the meeting focused on addressing the issue of waterlogging in several areas of the city, her office said in a statement. During the meeting, Oberoi emphasised on the importance of identifying areas prone to frequent waterlogging. Places such as Rani Khera, Bakkarwala, Najafgarh, Narela, and Mehrauli were highlighted as being particularly susceptible to water accumulation, it said. In light of this, the mayor emphasised the need for special planning and targeted measures to mitigate the impact of waterlogging in these areas. She also instructed officers to work in coordination w
CHASING THE CLOUDS: Timeliness, distribution, and spread of this complex weather pattern are critical to farm output and economic growth
Their timeliness, distribution and spread are of vital importance for Indian agriculture
Spread of rain is more important than total precipitation
Developments such as Covid-induced lockdowns and the Russia-Ukraine war have also played a crucial role in keeping the inflation rate elevated