A crucial week ahead for kharif crops
Rain in the next few weeks will be crucial in determining the kharif crop output, though it is too early to arrive at any conclusion. Rains in July have always been a defining feature for drought... »
Monsoon gets into vigorous mode over east India Dry spell, low storage raise Kharif sowing worry Kharif sowing: Gujarat unperturbed by delay in monsoon
Bad monsoon need not aggravate inflation
This year’s South-West monsoon, by playing truant, has given policymakers and companies something new to worry about. Will the erratic monsoon fire up inflation? But a study of trends in... »
3 comments
Dark clouds hanging over white goods sector
Monsoon performance hasn't mattered much to consumer durables' output or sales. Sales of refrigerators and air conditioners soared in 2009 and 2010, years of not-so-bountiful rains. Seasonal variations such as an unusually mild summer or extra-long winter have affected both these categories, though. »
Industry
Automobile makers on tenterhooks
Overall economic conditions mattered more in driving vehicle sales than monsoon. In 2009-10, when overall rainfall was only 78% of normal level, sales of commercial vehicles, cars, motorcycles actually rebounded sharply. »
Economy
FMCGs may not tug your purse strings
Monsoon could have mixed impact on FMCGs. Sales of cigarettes, biscuits, soaps, detergents, which have a substantial non-urban component, tend to fall during poor monsoon. »
Economy
Jewellers bet on innovation to attract buyers
Silver tends to be more vulnerable than gold to lacklustre monsoon. In recent years, investment in gold in the form of bars and coins has risen to make up for slower jewellery sales. »
Economy
Contingency plan in place for 7 States
The poor progress of monsoon in States such as Karnataka and Maharashtra has prompted the Centre to prepare a contingency kharif sowing plan. As part of this plan, that may come into effect... »
Economy
Bankers have their fingers crossed
There is an outside possibility of a drought occurring, which may force the Government to announce a debt waiver and debt relief scheme for farmers. »
Industry
Tractor sales could get bogged from deficient rainfall
With sales already flat over the last few months on rising prices, high interest rates and lower farm incomes, tractor sales could face the most pressure from deficient rainfall. Incidentally, the... »
