Some very good amounts of rain is predicted in East and Central India during the last 10 days of June. South India will also witness moderate amounts of rain.
The 17th Lok Sabha comes into motion with the protem Speaker Dr Virendra Kumar, the representative from Tikamgarh in Madhya Pradesh, swearing in the newly elected members over the next two days, beginning Monday.
What Modi's critics conveniently forget is that the 5.8 per cent in the March 2019 quarter has come, despite rising global protectionism,that in the last 6-9 months,has taken a turn for the worse.
We are into the second week of June - the first month of the Southwest Monsoon period - but the picture hasn't boded well for the performance of Monsoon so far. In fact, we can say that Monsoon is weak, very weak. First, it was a delayed onset over Kerala (June 8) and now the rains aren't up to the mark.
We are happy to note that with the policy today and in the run up to it, two out of these three have been largely adopted. Thus the stance has been made explicitly accommodative.
The broad contours of the economic thrust to be pursued in the Modi 2.0 are now becoming more and more visible, indicating the BJP-led NDA government’s big agenda to drive growth and jobs.
Sri Sri Ravi Shankar, the Indian spiritual and wellness guru, invoked lines from Rabindranath Tagore during a keynote address in Oslo, almost a century and six years after India’s most popular bard was awarded the Nobel Prize for Literature.
The new Cabinet of Prime Minister Narendra Modi has an imprint of continuity and caution that has been the hallmark of Modi’s leadership.
The elections handing over a stable and strong government for second consecutive time is welcome relief to market participants. In particular, it will help keep India’s country risk premium stable amongst its peers. With this out of the way, local policy can afford to start focusing emphatically on the evolving macro narrative.