Retail inflation at a 18-month low may be comforting for investors, but the central bank’s MPC when it meets in June will have its plate full – the sudden reversal by the Australian central bank, an unlikely softening by the Fed and domestic farm prices. Driven largely by base effect, headline retail CPI inflation is … Read more
India has received 28% excess rainfall in the pre-monsoon season so far, with the central region gauging precipitation 268% above normal, according to India Meteorological Department (IMD) data. East and northeast India recorded 29% rain deficit – 141.5 mm against the normal of 199.9 mm – from March 1 to May 3. Northwest India, i.e. … Read more
India‘s exports may see tepid growth this year as the country’s major export markets are forecast to decline sharply in 2023, the government said. Growth of global trade fell in 2022, “and is expected to be still lower in 2023 with a further decline in volume and value of trade on the back of slowing … Read more
The team looked at what would happen to ENSO when the level of carbon dioxide doubled and quadrupled. Climate Change: There is no doubt that El Nino and La Nina are very important natural climate phenomena occurring over the Pacific Ocean. This is because they impact and influence the weather conditions prevalent all over the … Read more
UNITED NATIONS: The year 2020 was one of the three warmest years on record and rivalled 2016 for the top spot, indicating the pace of the “human-induced” climate change which is now as powerful as the force of nature, the UN weather agency has said. All five datasets surveyed by the World Meteorological Organisation (WMO) … Read more
These episodes, of El Nino and La Nina, last usually between nine months to a year. Winter 2020: North India may witness colder winter this time! As the winter is approaching the country, the India Meteorological Department has hinted towards a colder winter this year. Talking to news agency ANI, IMD Director General Mrutyunjay Mohapatra … Read more
Among the states that bear the brunt of cold wave are Rajasthan, Uttar Pradesh and Bihar, and Mohapatra stated that it is these states that see the most deaths due to cold.(Reuters/File image) The Director-General of India Meteorological Department (IMD) Mrutunjay Mohapatra said on Wednesday that winter could be colder this season. He stated that … Read more