India’s unemployment rate in July at 6-month low
Better monsoon and an uptick in agricultural activity in rural areas are reasons for a sharp decline in joblessness in July, says CMIE
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Met dept retains normal monsoon forecast in second update
In June, normal or above normal rainfall is most likely over many parts of northwest and central India, northern parts of south peninsula and some parts of east India.
India staring at another power crisis in July-Aug
If coal stocks are not replenished to adequate levels before this year's monsoon, the country might be heading towards yet another power crisis in July-August 2022, says a CREA report.
IMD forecasts southwest monsoon to be normal in 2022
India receives about 75% of its annual rainfall during the southwest monsoon season.
India to have normal monsoon in 2022: Skymet
The sea surface temperatures in the equatorial Pacific are likely to rise soon and the probability of continued La Nina will fall, says Skymet.
Dovish MPC opts for status quo
While the Reserve Bank of India kept policy rates and its accommodative stance unchanged, additional monetary measures have been brought in to fight the second wave of Covid-19.
Why everybody loves a good monsoon
It is the time of the year to start chasing dark clouds over the Arabian Sea. Normal rains will offset the demand recession induced by the pandemic and wash away a lot of the country’s woes.
RBI announces steps to fight second wave of Covid-19
The central bank unveils liquidity facility of ₹50,000 crore for access to emergency health services, and ₹10,000 crore for small finance banks’ on-lending, among a slew of measures to fight Covid-19.
Cautiously optimistic credit outlook for FY22: CRISIL
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
Gold loses lustre as Covid-19 takes a toll
A World Gold Council report says global demand for gold has taken a beating, falling by as much as 19% in the third quarter of this year.
