New Delhi, April 12 (IANS) India’s retail inflation rate, based on the new Consumer Price Index (CPI) series, was recorded at 3.48 per cent in April compared to the same month of the previous year, according to data released by the Ministry of Statistics on Tuesday.The commodities that posted the highest inflation during the month were silver jewellery, which saw a 144.34 per cent jump in prices and gold jewellery, which clocked a 40.72 per cent increase in prices.Overall food inflation in April…
Latest El Nino News & Updates
New Delhi, May 11 (IANS) India’s gross domestic product (GDP) is expected to grow 6.6 per cent in fiscal 2027 while retail inflation will average 5.1 per cent in FY27 amid the geo-political tensions, a report said on Monday.Prolonged closure of the Strait of Hormuz has pushed Brent crude price forecasts up to $90‑95 per barrel from $82‑87 previously and is expected to keep crude oil prices elevated for longer, the report from Crisil Ratings said.The ongoing conflict has underscored the imp…
Mumbai, May 8 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Friday directed that water conservation projects and works under the Jalyukt Shivar Abhiyan 2.0 must be completed on a war footing in light of the El Nino threat. He emphasised prioritising areas where groundwater levels have depleted and making concerted efforts to recharge them.He issued these directives at a meeting to review the Soil and Water Conservation Department’s work.CM Fadnavis stated that increasing ground…
Amaravati, May 7 (IANS) Local body elections in Andhra Pradesh would be conducted soon, announced Chief Minister N. Chandrababu Naidu on Thursday. Addressing the conference of the district Collectors at the State Secretariat here, he said the local body polls would be held soon.He reviewed the performance of various departments and the implementation of programmes at the field level. Discussions were held on education, healthcare, and the grounding of investments, among other subjects.He directe…
New Delhi, May 7 (IANS) Homegrown FMCG major Dabur India is set to raise prices by up to 4 per cent across parts of its portfolio and reduce grammage in smaller packs as the company grapples with rising input costs triggered by the ongoing conflict in West Asia.Speaking to analysts after the company’s quarterly earnings announcement, Dabur Global Chief Executive Officer Mohit Malhotra said inflationary pressures have intensified across most categories of the India business, prompting the compa…
New Delhi, May 4 (IANS) India’s agriculture sector is better protected from the impact of El Niño this year, owing to several factors such as diversified income sources and improved irrigation coverage, a report has said.The report by Elara Capital noted that while concerns over El Niño’s effect on agricultural output, inflation and rural demand remain valid, structural changes in rural India have significantly weakened its transmission to farm growth and incomes.Moreover, factors such as expa…
Mumbai, May 1 (IANS) On the occasion of Maharashtra Day, Chief Minister Devendra Fadnavis on Friday addressed the state, balancing a vision of rapid industrial growth with a warning for the agricultural sector regarding the upcoming monsoon. Citing Meteorological Department forecasts, CM Fadnavis advised that the El Niño effect might lead to below-average rainfall for the 2026 season.“Our Kharif season is entirely dependent on rain. I urge farmers to take these forecasts seriously. Do not rus…
New Delhi, April 29 (IANS) India’s agricultural outlook for FY27 likely to remain uneven despite underlying stability, with a 92 per cent monsoon forecast and a 35 per cent probability of deficient rainfall emerging as key risks, though strong government support is expected to provide some cushion, a report said on Wednesday.According to a report by smallcase, while aggregate farm output remains supported by strong production of staple crops, underlying stress points persist due to weakness in…
Mumbai, April 22 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Wednesday directed officials to enforce stringent water planning and conservation measures to ensure adequate drinking water supply till the end of August 2026, warning of potential rainfall disruptions due to the El Nino phenomenon. The directive comes even as the state currently holds 653.63 thousand million cubic feet of water across its dams, an increase of 101.77 thousand million cubic feet from 551.86 thousand milli…
New Delhi, April 21 (IANS) India’s two-wheeler sales touched record high in FY26, with domestic wholesale volumes surging to around 22 million units, a report said on Tuesday.The report from ICRA estimated that wholesale volumes grew by around 20 per cent in March 2026, while retail volumes jumped 28.7 per cent on a YoY basis, and two-wheeler domestic volumes grew by approximately 11 per cent for the full fiscal year.The ratings agency forecasted two-wheeler wholesale volume growth to moderate…