-The Times of India NEW DELHI: In probably a first-of-its-kind initiative, over 15,000 people, including the country's top industrialists have launched a signature campaign, urging lawmakers to allow Parliament to function, debate and legislate. Since its launch on Saturday, the petition on change.org has been signed by leading industry captains such as Rahul Bajaj, Infosys founder Kris Gopalakrishnan, Pawan Munjal of Hero MotoCorp, Adi Godrej, Kiran Majumdar-Shaw, GVK's GV Sanjaya Reddy, GE...
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India's vulnerability to drought poses credit challenges: Moody's
-India Infoline News Service Mumbai: Efforts at the central and state government level to improve rural infrastructure, food distribution and non-agricultural employment opportunities are credit positive because, if sustained, they are likely to lower the credit challenges that India's vulnerability to drought poses. Moody's Investor's Service says that although India (Baa3 positive) may avoid drought this year, its economy remains vulnerable to future droughts or fluctuations in rainfall, and its sovereign credit...
More »Dry days: 17% rain deficit in July -Amit Bhattacharya, Vishwa Mohan & Neha Madaan
-The Times of India NEW DELHI: After a wet June, when other systems had countered the adverse effects of El Nino, monsoon took a drier turn in July and the month ended with a countrywide rain deficit of 17%. However, kharif sowing remained robust, boosted by good rain spells in several parts of the country. With the dip in rains, monsoon's performance in the first half of the season — June 1...
More »Monsoon improves, but pockets remain dry -Sanjeeb Mukherjee
-Business Standard Skymet says rains will be normal in August Southwest monsoon has shown marked improvement over central and eastern parts of India in the past few days, narrowing the cumulative deficiency for July to 15 per cent from a high of 50 per cent. However, the situation is worrisome in parts of central Maharashtra, Marathwada, Rayalseema region of Andhra Pradesh, some districts of Telangana, and north interior Karnataka, where the total seasonal...
More »Monsoon unleashes mayhem in north Gujarat, 25 dead in state
-The Times of India PALANPUR/BHUJ: Heavy rain coupled with gusts paralyzed four districts of north Gujarat even as at least 27 people died across the state in rain-related incidents in the 48 hours until 4pm on Tuesday. Banaskantha district was the worst hit as incessant rain caused a flood-like situation, especially in towns bordering Rajasthan, the epicenter of deep depression that is bringing rainfall in Gujarat. "Eight people have died in the district...
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