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El Nino News
Indian equities bullish on IMD forecast, indices scale record highs
Sat, May 13, 2017
The key Indian equity indices zoomed to new closing and 52-week highs, crossing their psychologically significant levels, riding on news reports which quoted a top India Meteorological Department (IMD) official predicting a higher rainfall than previously forecast as the El Nino weather condition had eased.
Investors bet on fertiliser stocks as IMD predicts good monsoon
Wed, May 10, 2017
A Reuters report said, “India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the India Meteorological Department (IMD) said on Tuesday, raising prospects of higher farm and economic growth.”
India facing higher monsoon rains than forecast - IMD chief
Wed, May 10, 2017
India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the India Meteorological Department (IMD) said on Tuesday, raising prospects of higher farm and economic growth.
Even without El-Nino possibility, these factors may keep inflation at 5%
Fri, Apr 21, 2017
Michael Debabrata Patra, member of MPC, in minutes of meeting of the RBI policy meet said, "True to projections made at the time of the last meeting of the Committee, inflation is turning up. It seems to me that it is coming out of the U-shaped compression imposed by demonetisation and is now positioned on the rising slope. Several factors merit pre-emptive concern."
Normal rains to prop rural India; RBI likely to cut rates by 25 bps in August: BofAML
Wed, Apr 19, 2017
Bank of Americal Merrill Lynch has said that India's monsoon will revive the rural demand which in turn will allow the RBI to cut rates by 25 basis points in August this year.
Inflation is likely to play spoilsport at RBI’s rate cut party
Fri, Apr 07, 2017
In March 2017, private sector weather forecaster Skymet said that the probability of India experiencing a ‘below normal’ monsoon are high. What this simply means is that the agriculture sector will produce less which will result in inching up food prices.
Second half of monsoon likely to bring more than sufficient rainfall
Mon, Aug 01, 2016
The Indian Meteorological Department and Earth System Science Organization (ESSO) under the Ministry of Earth Sciences (MoES) on Monday released long range forecast that the country can expect this monsoon.
India to get above normal monsoon on weaker La Nina conditions
Thu, Jul 28, 2016
The monsoon rainfall in India is predicted to be above normal for 2016 with a decline in conditions of La Nina weather event, said a Ministry of Earth Sciences in a release on Thursday.
El Nino fading in Australia may help bring India's inflation down; here's how
Wed, May 25, 2016
The strongest El Nino in 20 years has finally ended after two years - in the time it's led to poor rains in Australia last year and a drought this year. The El Nino ending may help in easing India's inflation and make a case for a rate cut in the next RBI policy meet. How?
Strongest El Nino in nearly 20 years ends: Australian weather bureau
Tue, May 24, 2016
The strongest El Nino in nearly 20 years, which damaged crop production in Asia and caused food shortages, has ended, the Australian Bureau of Meteorology (BOM) said on Tuesday.
266 districts in 11 different states are drought affected in 2015-16
Tue, May 10, 2016
As per the information given by the government in the Rajya Sabha, 266 districts in 11 different states are declared drought affected in 2015-16. A total of 13497 crore rupees has been approved for drought relief by the NDRF in 2015-16.
''La Nina' to boost India's consumption, GDP growth'
Thu, Apr 21, 2016
"Agri GDP in La Nina years grew at an average 7.8% y-o-y as against an average of 2.3% y-o-y in non-La Nina years," said a Deutsche Bank report