New Delhi, June 2 (IANS) The Reserve Bank of India is expected to keep policy rates unchanged in the upcoming Monetary Policy Committee meeting, although its communication may turn more hawkish as rising oil prices and a weaker rupee complicate the inflation outlook, according to an economist at HSBC.Pranjul Bhandari, HSBC’s chief India economist and macro strategist, projects a gradual tightening with about two rate hikes beginning in the fourth quarter of 2026 rather than an aggressive tight…
Latest El Nino News & Updates
Hyderabad, June 1 (IANS) Telangana Chief Minister, A. Revanth Reddy, on Monday directed officials to sensitise farmers regarding potential drought-like conditions. At a meeting held to review monsoon preparedness of the various departments, he said farmers should be educated on the cultivation of crops that require minimal water consumption.Chief Minister Revanth Reddy also emphasised the need for apprising farmers of the importance of crop rotation and crop diversification.It was also decided t…
Thiruvananthapuram, May 30 (IANS) India Meteorological Department (IMD) Director Neetha K Gopal said on Saturday that 2026 will witness “below normal” rainfall in major parts of India, including Kerala. She attributed El Nino affect as the reason, calling it a “peculiar feature” of the phenomenon.Speaking to IANS, Gopal mentioned that according to the IMD’s forecast “it is not a good picture in the sense that monsoon would be below normal for Kerala and major parts of India”.She said that the ra…
New Delhi, May 30 (IANS) If rainfall is deficient due to the development of El Nino in June, the transmission to food inflation, rural demand and aggregate growth could be swift, adding to the existing inflationary pressures stemming from elevated global energy prices, the Finance Ministry’s ‘Monthly Economic Review’ for May said on Saturday.Looking ahead, agricultural prospects for the upcoming kharif season are a source of both near-term comfort and medium-term caution, it said.”On the p…
Geneva, May 28 (IANS) Global average temperatures are likely to continue at or near record levels in the next five years, with Arctic temperature anomalies expected to continue to be higher than the global mean, the World Meteorological Organisation (WMO) stated on Thursday.The conclusion was drawn from the WMO report ‘Global Annual to Decadal Climate Update 2026-2035’, produced by Britain’s Met Office and the WMO Lead Centre for Annual to Decadal Climate Prediction, which synthesised prediction…
New Delhi, May 28 (IANS) Global average temperatures are likely to continue at or near record levels in the next five years, a report from the World Meteorological Organisation (WMO), produced by the UK’s Met Office, said on Thursday, adding that Arctic temperature anomalies are expected to continue to be higher than the global mean.The report said that although the average temperature over the next five years is likely to exceed 1.5 degree Celsius above pre-industrial levels, this does not re…
Dehradun, May 27 (IANS) As forest fire incidents continue to spread rapidly across the mountainous regions of Uttarakhand, the state government is preparing to introduce a reward scheme aimed at encouraging public participation in forest fire prevention and control efforts, officials said on Tuesday. Under the proposed initiative, individuals and teams performing exceptional work in extinguishing and preventing forest fires would be rewarded with cash prizes of up to Rs 1 lakh.The details were s…
Amaravati, May 22 (IANS) With Andhra Pradesh continuing to reel under severe heat wave conditions, Chief Minister N. Chandrababu Naidu on Friday directed local authorities to declare holidays in areas experiencing extreme heat, depending on the prevailing conditions.He directed officials to remain more vigilant and take immediate steps to protect people from the impact of the extreme heat.The Chief Minister instructed officials to identify areas recording the highest temperatures and continuousl…
New Delhi, May 20 (IANS) India’s two-wheeler industry expected to witness wholesale volume growth of up to 5 per cent year-on-year in FY2027, supported by GST rationalisation and improving replacement demand, according to a report released on Wednesday.A report by ICRA has highlighted that domestic two-wheeler wholesale volumes recorded a sharp increase of 29.2 per cent year-on-year in April 2026 to reach 1.9 million units due to improved affordability following the implementation of GST 2.0 r…
New Delhi, May 13 (IANS) The consumer price index inflation rose mildly to 3.48 per cent in April from 3.40 per cent in March, and CPI‑based inflation is expected to average 5.1 per cent in fiscal 2027, a report said on Wednesday.”While the conflict in West Asia has crossed 74 days, the upside risks to retail inflation seem to be materialising at a snail’s pace, indicating that the consumer remains largely protected so far,” the report from Crisil Ratings said.The Reserve Bank of India’s M…