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…
Latest ENSO News & Updates
New Delhi, April 13 (IANS) The 2026 southwest monsoon seasonal (June to September) rainfall over the country is most likely to be below normal or around 95-90 per cent of the Long Period Average (LPA), the India Meteorological Department (IMD) said on Monday.Releasing its Long Range Forecast for the 2026 Southwest Monsoon season rainfall, the IMD said that the seasonal rainfall over the country as a whole is likely to be 92 per cent of the LPA with a model error of plus-minus 5 per cent.The LPA …
Lima, March 13 (IANS) Peru has declared a state of emergency in 283 districts to mitigate high risks and address the impact of intense rainfall on public safety, the official gazette El Peruano reported.According to several decrees published in the gazette on Thursday, the emergency measure will be in effect for 60 calendar days across 20 of Peru’s regions, including Lima, Amazonas, Ancash, Cusco and Arequipa.During the emergency period, regional and local governments, in coordination with the N…