With La Nina getting precedence going ahead, excess rainfalls could result in crop loss and thus a negative impact on food prices, SBI Research report, authored by Soumya Kanti Ghosh, Group Chief Economic Advisor, said.
The Reserve Bank of India (RBI) is unlikely to change the repo rate, say experts. The three-day monetary policy committee (MPC) meeting to decide on policy rates begins tomorrow, August 6.
A research report by the State Bank of India (SBI) highlights the continuous upward trend in credit growth in Indian banks, which is outpacing the growth of deposits.
As per information from officials, 133 people were safely airlifted till 9 am on Monday with the help of the MI 17 and Chinook helicopter and other small helicopters.
As the search and rescue operations are still underway in landslide-hit Wayanad, Union Minister Bhupender Yadav on Monday said that there have been illegal human habitation and illegal mining activity in the protection of the local government, adding that the Kerala government should make
The statement comes after an increase in the federal government's loaded frustration, which was demonstrated by its subdued criticism of the apex court for delaying its verdict on reserved seats.
Relief and rescue operations are currently underway in flood-affected Samej village near Rampur in Shimla district following catastrophic cloudbursts in different areas of Himachal Pradesh.
As per the State Health Ministry, the death toll stands at 308 as of August 2. 220 bodies have been recovered and 180 people are still missing as of Sunday.
The National Disaster Response Force on Monday rescued seven people who were stranded in Hinglaj village in the Valsad district of Gujarat due to heavy rainfall and high tide in the Auranga River.
As rescue and search operations are underway in the areas affected by the cloudburst that occurred in Rampur's Samej leaving at least 6 people dead, Shimla DC Anupam Kashyap said that 36 people are missing after an incident and one body has been recovered on Sunday.