Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
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Centre, RBI bid to curb inflation
-The Telegraph Food prices, which account for nearly half of the consumer price index basket, softened last month The finance ministry and the Reserve Bank of India (RBI) are in discussions on the inflation trajectory amid the easing of global commodity and crude oil prices. A Reuters poll of economists forecast retail inflation at a five-month low in July at 6.78 per cent. But it is still above the RBI’s upper threshold...
More »Paddy sowing down by 24%, oilseeds 20% due to less rains in some parts: Govt
-BusinessToday.in Paddy was sown in 95 lakh hectares and oilseeds in 97.56 lakh hectares in the same period of the 2021-22 crop year (July-June). The area under coverage for paddy declined 24 per cent to 72.24 lakh hectares so far in the ongoing Kharif sowing season, while oilseeds acreage is lower by 20 per cent at 77.80 lakh hectares because of delay in the progress of monsoon rains in some parts of...
More »Monsoon has turned normal, IMD says. But it really hasn’t if you see regional variations -Simrin Sirur
-ThePrint.in While heavy rains have lashed parts of Assam and Meghalaya in the northeast, planting of rain-fed kharif crops has been delayed in Odisha, where the rain deficit is 39%. New Delhi: After a slow start, the four-month-long Southwest monsoon has finally turned normal, data from the India Meteorological Department (IMD) shows. Compared to a 42 per cent deficit in rainfall recorded on 8 June, the monsoon entered normal territory Tuesday at 98...
More »Monsoon rains likely to be well distributed, says IMD -GS Mudur
-The Telegraph India Meteorological Department has predicted 33 per cent probability of normal rainfall and 16 per cent probability of above normal rainfall Monsoon rains this year are likely to be well distributed with most parts of India expected to receive normal or above normal rainfall, the national weather agency said on Tuesday, predicting rainfall quantum to be 103 per cent of the long-period average. The India Meteorological Department (IMD) predicted that the...
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