SME Times is powered by   
Search News
Just in:   • Foreign firms to meet 4 essential conditions to qualify for tax holiday benefits  • After Budget and India-US trade deal, all eyes on RBI’s repo rate decision  • Surat to host south zone VGRC, MSME conclave on April 9-10  • India, Bhutan to further strengthen ties in power sector  • Trump says India-US trade deal reached 
Last updated: 08 Jul, 2024  

Farmer.9.Thmb.jpg July begins with healthy rainfall, signals normal monsoon: Report

monsoon.jpg
   Top Stories
» US tariffs on Indian goods among lowest after trade deal
» Indian rupee trades over 1 pc higher after US trade deal
» US to drop 25 pc tariff linked to India’s Russian oil purchases: White House
» ‘Made in India’ products will now have reduced tariff of 18 pc in US: PM Modi
» Union Budget: Defence soars to Rs 7.85 lakh crore, big bets on electronics, biopharma and railways
IANS | 08 Jul, 2024

Signalling a normal monsoon ahead, The cumulative rainfall reached 1 per cent above the long-term average (as on July 6) while weekly rainfall (as on July 3) was 32 per cent above the long-term average in the country, a report showed on Monday.

Spatial divergence has reduced with most of the country receiving healthy rains during the last week.

North and West India (3 per cent), Central India (-6 per cent), East and North East India (0 per cent ), and the southern peninsula (13 per cent) have now all had normal rains so far, according to the report by Emkay Global Financial Services.

“With June having ended in deficit, it is imperative that July sees healthy rainfall and the month has begun on a promising note,” said Madhavi Arora, Lead Economist, Emkay Global Financial Services.

While sowing was delayed, it has now picked up and is better than last year.

“Total area under sowing (24.1 million hectare), as on June 28, is sharply higher (33 per cent YoY) than last year. This is mainly due to accelerated sowing of pulses and oilseeds,” the report noted.

Rice sowing area is the same as last year thus far whereas sugarcane is better. Among non-food crops, cotton sowing is much higher.

Overall area under sowing is at 22 per cent of normal area sown, compared with 18.6 per cent at the same point in 2023.

“July is extremely important in this regard with nearly 80 per cent of sowing activity completed by the end of the month,” said Arora.

--IANS

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.2
₹89.5
UK Pound
₹123.35
₹119.35
Euro
₹107
₹103.35
Japanese Yen ₹57.9 ₹56.1
As on 22 Jan, 2026
  Daily Poll
What is your primary "Make or Break" expectation from the Finance Minister this year?
 The Tax Relief
 The Working Capital Fix
 The Compliance Holiday
 The Payment Shield
 The Tech Subsidy
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter