-Business Standard Both the minimum and maximum will remain below normal in Southern Peninsular and Central India in these winter months. Brace for some warmth this winter as the India Meteorological Department (IMD) in its December-February forecast on Thursday said that the minimum and maximum temperatures could remain ‘normal’ to ‘above normal’ over most parts of Northwest and Northeast India. Both the minimum and maximum will remain below normal in Southern Peninsular and...
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Inflation Likely Hit Five-Month High in September on Food Prices: Reuters Poll -Arsh Tushar Mogre
-TheWire.in A Reuters poll suggested inflation rose to an annual 7.3% in September from 7% in the previous month. If realised, that would be the highest since May 2022. Bengaluru: India‘s retail inflation accelerated to a five month high of 7.3% in September due to surging food prices, staying well above the Reserve Bank of India‘s (RBI) upper tolerance band for a ninth month, a Reuters poll found. Fueled by erratic rainfall and...
More »Monsoon 2022: Why a drought wasn’t declared in 4 states with drought-like conditions -Raju Sajwan
-Down to Earth A report shows drought-like situation in over 700 blocks of 91 districts of Uttar Pradesh, Jharkhand, Bihar & West Bengal A severe deficit in the rainfall during monsoon 2022 has affected Uttar Pradesh, Jharkhand, West Bengal and Bihar. However, state governments have shied away from declaring a drought in the states even though Kharif-sowing was badly hit. Uttar Pradesh government directed a drought survey in all its districts September 8,...
More »Cereal inflation would be hard to tame amidst low rice acreage
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...
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...
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