India sees sharp recovery in rain; June CPI likely to remain low
Monsoon Impact Index of SBI Research, with present value of 64 fares better than 2022, which means lesser impact of spatial distribution of rainfall on economy
normal monsoon
June 2023
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June 2021
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Normal rainfall this monsoon, says IMD; below normal, says Skymet
The agency's observations come a day after private weather forecaster Skymet predicted a 'below normal' rainy season this monsoon.
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.
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.
Agrochemicals: Shining bright amid the gloom
Despite the uncertainty because of the Covid-19 pandemic, the future looks bright for the Indian agrochemicals sector.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
