Search Result for : Indian Meteorological Department

The Dollar Business Bureau Barely a day after the India Meteorological Department (IMD) confirmed a zero possibility of less than a normal monsoon this year, the Confederation of Indian Industry (CII) on Friday said normal monsoon this year would significantly outweigh the concerns of a slight increase in oil prices.   "The effect of a positive or normal monsoon will be very beneficial for the economy and far outweigh the concerns of a slight strengthening in oil price," CII President Naushad Forbes said. On Thursday, IMD had stuck to its earlier forecast for above normal monsoon rains this year, raising hopes for a revival in domestic farm production that could result in lower food prices and lower interest rates. Terming the 7.6% GDP growth ...

The Dollar Business Bureau With hopes of abundant rainfall after two straight years of drought, the Centre aims to reach a target of 270.10 million tonnes of food grain production in the Crop Year 2016-2017. The country had touched a new record with an output of 265.04 million tonnes in Crop year 2013-14. However, the output in Crop Year 2015 and 2016 plunged to 252.02 and 253.23 million tonnes, respectively. The reason behind the falling figures of output was the droughts witnessed in over ten states. For the crop year 2016-17, the Indian Meteorological Department has predicted a better monsoon, the arrival of which in Kerala is likely to be delayed by a week. The ambitious target set for 2016-2017 crop year is not ...

Source: PIB, Government of India Radha Mohan Singh, Union Agriculture Minister on Friday, took a review meeting of the efforts being made since April to face the deficient monsoon. Sanjeev Balyan, Minister of State for Agriculture was also present.  The meeting was attended by the senior officers of Agriculture Ministry including Secretary, Department of Agriculture and Cooperation, Secretary, Department of Animal Husbandry, Secretary, ICAR, Secretary, Ministry of Power, Officers of Ministry of Water Resources, Ministry of Rural Development, Ministry of Fertilizers, Secretary, NDMA, Officers from Indian Meteorological Department (IMD) also attended the meeting.  The meeting reviewed the latest monsoon predictions in June given by the IMD.  Accordingly to these predictions the North West area will receive 85% rainfall, which is little ...

 The Dollar Business Bureau The gross domestic product (GDP) for the financial year (FY) 2016, will grow by 7.7% (FY15: 7.4%), driven by a further pick up in private consumption demand. Consumption demand is expected to expand 8.1% in FY16 (FY15: 7.1% and FY14: 6.2%), said a rating agency. A significant moderation in inflation and inflationary expectations is likely to boost consumer sentiments, albeit gradually. The share of private consumption demand in GDP is around 60%. Even investment and government expenditure would provide adequate support to consumption-led GDP growth, said a report by India Ratings and Research (Ind-Ra). There are conflicting views with respect to the monsoon in 2015 as Indian Meteorological Department is predicting less-than-normal monsoon and private ...