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El Nino News

India's Wheat Dilemma: Stagnant Planting Amid Soaring Prices Raises Concerns Of Import Dependency

In the backdrop of soaring wheat prices reaching near-record highs, India, the world's second-largest wheat producer, faces a challenging agricultural landscape as farmers grapple with lower soil moisture levels and shift to less water-intensive crops. Industry experts and scientists warn that ...

Heat Waves, Cyclones, Unseasonal Rain Fall, Are Impacting Asia's Stock Market Investors

Sudden extreme weather and frequent occurrences of cyclone, unseasonal rain fall, etc, continue to cause a lot of economic damage, they are equally impacting Asian stock markets at a large level. It is likely that difficulties related to El Nino will ...

India Likely To Receive "Below Normal" Monsoon Rains In 2023: Skymet

India is likely to get "below normal" monsoon rains in 2023 with increasing possibility of El-Nino, which typically brings dry weather Asia, private weather forecasting agency Skymet said on Monday, reported Reuters. According to the Reuters report, "Likelihood of El ...

El Nino likely to impact farm production, food prices: Economic Survey

After three years of bumper crop harvest, India's agriculture production may be impacted this year if a likely El Nino torpedoes monsoon rainfall, putting pressure on food prices, the Economic Survey said today. With the Met Department predicting 71 per ...

Rajan went ahead with TAC view on interest rate

Mumbai: Reserve Bank Governor Raghuram Rajan went ahead with suggestions of his advisory panel members, who had unanimously pitched for keeping policy rates unchanged in April 1 review in view of high inflation and political and economic uncertainty. "On policy ...

RBI likely to be in pause mode till Dec: BofA-ML

New Delhi: The Reserve Bank of India is likely to be in a "pause" mode till December, as rising El Nino risks threaten the monsoon, a Bank of America Merrill Lynch report said. According to the global financial services major, inflation ...