Chitradurga (Karnataka), July 25 (IANS) Karnataka is facing an exceptionally severe drought, with nearly 80 per cent of its lakes dried up and reservoir levels falling to critically low levels, Deputy Chief Minister and Revenue Minister G. Parameshwara said on Saturday, while assuring that the government would not allow people to bear the brunt of the crisis.Parameshwara, along with Chief Minister D.K. Shivakumar, visited Chitradurga district and personally inspected drought-affected areas in Hi…
Latest Super El Nino News & Updates
New Delhi, July 15 (IANS) India’s equity market benchmark Nifty is likely to touch 27,019 in one year up from earlier expectation of 26,449, due to improved macroeconomic conditions and valuations, a report said on Wednesday.The report from PL Capital said India’s structural growth story remains firmly intact, but the domestic economy continues to face near-term risks from geopolitical uncertainty, weather-related disruptions and inflationary pressures.Despite these challenges, improving domesti…
New Delhi, July 5 (IANS) Falling global crude oil prices are giving the Reserve Bank of India (RBI) and several other Asian central banks greater flexibility to focus on supporting economic growth, as lower energy costs ease inflationary pressures and improve external balances, according to Standard Chartered’s Weekly Market View report.The bank said the decline in oil prices is providing “disinflationary relief” across much of Asia, reducing the urgency for policymakers to keep interest rates e…
Bengaluru, June 26 (IANS) Karnataka Deputy Chief Minister G. Parameshwara has directed government officials to take proactive measures and strengthen inter-departmental coordination to effectively tackle any potential drought situation arising from the anticipated impact of a Super El Nino weather phenomenon. Chairing a high-level review meeting on disaster management at the Vidhana Soudha, Parameshwara on Thursday reviewed the preparedness measures already undertaken by various departments and …
New Delhi, April 5 (IANS) As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC) meeting next week (April 6-8), a report by SBI Research said on Sunday.As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position.The Central Bank needs to “concomitantly explore the probability of conducting Operation Twist” that pushes up the …