MONSOON
Delhi records 378.5 mm of rainfall in August, city's highest in 12 years
Delhi recorded 378.5 mm of rainfall in August, the highest in 12 years as per the India Meteorological Department. This surpassed the previous high from 2013. The total rainfall for this monsoon season has reached 825.5 mm, exceeding Delhi's annual average of 762.3 mm. A yellow alert has been issued for the city.
India's monsoon expected to be prolonged, threatening ripe crops
India's monsoon rains are expected to extend into late September due to a developing low-pressure system, potentially disrupting the usual withdrawal pattern. This prolonged rainfall could damage summer-sown crops like rice, cotton, soybean, corn, and pulses, which are typically harvested in mid-September.
16 stocks where good monsoons may lead to maximum positive impact this quarter
In another few weeks, the monsoon season for 2024 will be over. This year, the monsoons have been good, largely in the line of forecast which was made. There are two parts of the monsoon, first the spending which is done in the monsoon season and the second part the spending which is done after the monsoon season is over from the money which is earned due a good harvest. There are select sectors which have strong correlation with spending done in the midst of the monsoon season. We take a look at stocks where sales get impacted from higher spending done in the monsoon season. Now why look at these stocks at this point of time. Given the fact that there is too much liquidity which is prevailing in markets, a small hint that the performance of the company is going to be good, stock tends to gain very sharply. So, in bullish markets, before you see in headlines or a company management say “ positive impact of monsoon” it better to be ready.
Gujarat floods leave 28 dead, over 30,000 displaced
Intense monsoon rains and flooding in Gujarat, India, have resulted in at least 28 deaths over the past three days, with victims either drowning or being struck by falling trees. Rivers have overflowed, forcing over 30,000 people to evacuate their homes. Heavy rains are expected to continue, worsening the situation
Significant rainfall observed in various parts of country, Gujarat being highest: IMD
Gujarat reported significant rainfall, highlighted by Vadodara's 28 cm. Ahmedabad faced severe waterlogging, disrupting daily life. Other states, including West Bengal, Madhya Pradesh, and Rajasthan, also received substantial rain. IMD predicted further downpours in these regions over the coming days, urging caution and preparedness.
Twenty dead, 5 million affected in Bangladesh floods
Flooding in Bangladesh caused by unyielding monsoon rains claimed at least 20 lives and impacted over 5.2 million people. Many remain isolated and need food, water, and medical aid. Interim government led by Mohammad Yunus is coordinating rescue efforts, though relief distribution struggles in remote areas persist due to obstructed roads.
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Monsoon fury: IMD issues red alert for Gujarat, yellow alert for Mumbai & adjoining areas
Monsoon Alert: India has been facing severe disruptions due to persistent heavy rains. Now, IMD has issued a red alert for Gujarat and Raigad in Maharashtra. Mumbai and its neighboring areas received a yellow alert, while Palghar, Thane, and Ratnagiri got an orange alert. The IMD also forecasted heavy rainfall for Vidarbha, Madhya Pradesh, and Maharashtra.
Nagaland government considers partial lifting of liquor ban amid rising concerns
The Nagaland government is considering partially lifting the Nagaland Liquor Total Prohibition Act, 1989, as discussed in a recent state cabinet meeting. This issue may be addressed in the upcoming Monsoon Assembly session. Concerns include unregulated liquor inflow, societal risks, and revenue losses from the existing prohibition.
Economic momentum remains 'intact': Finance Ministry
The report said the FY25 budget has laid out a glide path of fiscal consolidation. Supported by strong revenue collection, discipline in revenue expenditure and robust economic performance, the fiscal deficit is projected to decline. At the same time, it said, capital expenditure is maintained at high levels, supporting the fledgling private investment cycle.
Delhi's weather drama: Heavy rains drench some areas, others stay dry. IMD explains why
Delhi saw heavy rainfall on Tuesday, leading to waterlogging and traffic issues. Areas like the Ridge had significant downpours, while others remained relatively dry. The India Meteorological Department attributed this to a thunderstorm and weak monsoon. A yellow alert has been issued, forecasting more rain from Thursday to Saturday.
SBI home loan offer: State Bank of India to offer waiver up to 100% on processing fees until this date
SBI home loan interest rates vary between 8.50% to 9.65% and vary depending on the CIBIL Score. Banks and lending institutions charge a one-time fee on certain types of home loan known as processing fee.
Uneven rainfall disrupts pulses, horticulture, and rice production
Rainfall during the ongoing southwest monsoon season covered up for the deficiency in the initial phase, reaching an excess of 7.3% as of August 19, according to data from the India Meteorological Department. While Jammu and Kashmir, Punjab, Himachal Pradesh, eastern Uttar Pradesh, Bihar and Gangetic West Bengal are facing rainfall deficiency of 28%, 35%, 21%, 12%, 23% and 20% respectively, parts of Maharashtra, Rajasthan, Karnataka, Andhra Pradesh saw more than normal rainfall.
Parliament adjourned sine die
The Rajya Sabha adjourned sine die a day earlier than planned following disruptions and an Opposition walkout. Chairman Jagdeep Dhankhar voiced concerns over member behaviour. Meanwhile, the Lok Sabha also adjourned sine die after passing the Finance Bill. A controversial bill to amend the Waqf law was introduced and referred to a joint parliamentary committee amid some protests.
Instead of whining, let's own the monsoons
The West romanticizes winter with activities like skiing, while West Asia and Europe have siestas for hot summers, and South Asia, especially India, embraces the monsoon as a cultural cornerstone. Despite global weather messaging, the monsoon remains a defining feature of the region, inspiring art, cinema, and even potential branding opportunities. The monsoon symbolises resilience, growth, and renewal, shaping the national identity and evoking a range of emotional responses.
India is a young country with old politicians: AAP's Raghav Chadha wants 21 to be minimum age for contesting elections
Stressing the "need to incentivize youth so that they enter into mainstream politics," Aam Aadmi Party (AAP) MP Raghav Chadha on Thursday made a strong pitch in Rajya Sabha to reduce the minimum age for contesting Lok Sabha and Vidhan Sabha elections in India from 25 years to 21 years.
Monsoon Session: NEET, unemployment, airfares to be taken up in Parliament today
In Parliament's Monsoon Session, lawmakers tackled key issues like NEET, unemployment, and airfare regulation. Union Ministers presented official papers, and elections for various committees were conducted. Discussions were held on the 2024-25 grants for Health and Fisheries Ministries and the Ministry of New and Renewable Energy's functioning.
"Land acquisition must for railway projects in Kerala", says Vaishnaw as he calls the state government "not very cooperative"
Union Minister Ashwini Vaishnaw highlighted challenges in progressing the Angamali-Sabarimala railway line project due to 'lack of cooperation' from the Kerala government. The proposed project, sanctioned in 1997-98, faces hurdles like protests against land acquisition and court cases. Vaishnaw emphasized the need for state support for land acquisition to move forward, pointing out the potential for development in Kerala if cooperation is enhanced.
Modi suppressed voice of country for 10 years: Congress hits back at PM for his criticism of Opposition
Hitting back at Prime Minister Narendra Modi over his remarks criticising the opposition, Congress's media and publicity department head Pawan Khera said the person who "throttled the country and suppressed its voice" for 10 years, today looked "very weak and was seen weeping" when the opposition raised its voice. The prime minister started the Monsoon session by making a comment on the opposition that was not befitting of his post, Khera said.
No placards in house: Om Birla to MPs
Lok Sabha Speaker Om Birla has urged political party floor leaders to avoid bringing placards in the House during a business advisory committee meeting. The 20-hour budget discussion will allow parties to raise various issues, with Rajya Sabha likely to discuss appropriation and finance bills for nearly eight hours.
Congress MP terms irregularities in NEET-UG exam as "biggest scam", demands probe
Congress MP Hibi Eden has demanded a probe on the irregularities found in the conduct of NEET-UG 2024. Eden called it one of the "biggest scams", and called for immediate action in the matter during the first day of the monsoon session of the Lok Sabha. Lok Sabha Speaker Om Birla said the matter is being probed and added that India has the "best" examination system in the world.
Govt lists six bills for monsoon session
During the Monsoon Session of Parliament from July 22 to August 12, six new bills will be introduced. Key legislation includes the Finance Bill, the Bhartiya Vayuyan Vidheyak 2024 to update aviation laws, and amendments to the Disaster Management Act. Additional bills aim to replace outdated laws on boilers and promote coffee and rubber industries. Finance Minister Nirmala Sitharaman will present the Union Budget on July 23. The Business Advisory Committee, led by Speaker Om Birla, will finalize the session's agenda.
Govt lists 6 new bills for Parliament's Monsoon Session, Lok Sabha speaker constitutes Business Advisory Committee
During the Monsoon Session of Parliament, starting July 22 and ending August 12, six new bills will be introduced, including an amendment to the disaster management law and a bill to replace the Aircraft Act of 1934 for the civil aviation sector. The list of bills, published by the Lok Sabha secretariat, also includes the Finance Bill, the Boilers Bill, the Coffee (Promotion and Development) Bill, and the Rubber (Promotion and Development) Bill.
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