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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14 India’s economic growth journey huge opportunity for international partners: Kwatra From diesel to daylight: How government solar schemes are powering India’s farmers The next energy leap: Replicating ethanol’s success in diesel Delhi EV Policy: Electric 3-Wheelers Only by 2027, 2-Wheelers by 2028 Windfall levy on export bound diesel, ATF raised India-flagged LPG tanker Jag Vikram crosses Strait of Hormuz after US-Iran ceasefire Muted pricing power, rising costs to curb benefits of demand in cement sector: HDFC Securities Central Railway to run four special local trains for Ambedkar Jayanti Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains West Asia Crisis: Induction cooking may consume 13-27 GW power Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut India to continue buying Russian crude oil India’s textile and garments exports to the US declined 28.7% in February 2026 Why India’s ₹5 pack won’t disappear, but getting smaller West Asia conflict: LPG usage at 21-month low in March E-way bill generation surged all time high of over 14 crore in March Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact Air India at critical stage of transformation: Tata Sons Chairman FYL91 commences new flights to Hyderabad, Rajahmundry and Vijayawada Telangana’s GST revenue up 15% in last 3 months ASMS launches agri-commerce network AYOU in Hyderabad Ladakh turns to apricot blossoms to stretch short tourism season Govt proposes overhaul of company incorporation rules to cut paperwork, enable risk-based checks HAL delivers 4 helicopters to Coast Guard Charter services operators urge review of ATF pricing Structural gaps affect growth of India’s high-value horticulture sector: Report Rubio set to visit India in May to discuss trade, tariffs, defence, Quad DGFT rolls out procedure for allocation of calcined coke Qatar vows to remain reliable energy supplier to India amid West Asia tensions Gadkari bats for 100% land acquisition before approving NH projects India must rethink West Asia energy reliance after biggest shock in decades, says ONGC chief Sumeet SSG partners Pinnacle Industries to strengthen Maharashtra’s EMS fleet Consumer durables growth muted as demand slows, margins shrink: HDFC Securities March 2026 was the fourth-warmest month on record, says European weather agency India relaxes rice exports norms to some European countries Unseasonal rains damage rabi crops on 2.49 lakh ha, wheat most affected: Agri Minister ADB projects 6.9% growth rate for current fiscal, 70 bps lower than FY26 India-UK FTA likely by May 1; EU trade deal expected by year-end Dubai limits foreign flights until May 31, letters show, hitting Indian airlines hardest India in talks with 20 more countries to open market access: Piyush Goyal ADB ups India's FY27 growth projections to 6.9% Iran control of Strait of Hormuz in focus as tanker turns back, Trump raises concerns India mulls creating 30-day LPG strategic reserve Fire at Mumbai airport terminal delays flights Lesson from West Asia conflict is to factor-in adverse scenarios while framing policies: Oil Secretary Maharashtra government expands agricultural oversight structure Surging Raw Material Costs Hit PVC and Packaging Industries Hard Unseasonal rain, hailstorms, may drag Indian wheat output by over 5% Milky Mist beats FY26 targets, IPO on track, says CEO Delegation to visit Washington as India, US look to revive trade deal talks Only 10% of Indian key reservoirs are filled over 80% IMF warns of deepening global food crisis as fertilizer prices surge Yara India to ramp up digital strategy to strengthen retailer connectivity War-induced risks cushioned by ample buffer for India: World Bank DGS issues direct pass-through of port concessions to exporters amid West Asia crisis Israel allows import of Indian okra seeds, wants virus-free declaration India now seen as ‘safe anchor’, offers stability, predictability and prospects: Shaktikanta Das CropLife asks farmers to tap zaid season window after rabi loss and below normal monsoon ahead Indian trade delegation to visit Washington this month Construction equipment sales fall 13 per cent in FY26 on project delays, weak execution: FADA El Niño threat puts brakes on FY27 auto growth as rural demand risks rise Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore
IMD Update: Heavy rainfall over Kerala & Mahe for 4 days from Wed
By Vinson Kurian · 2026-06-01 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Monsoon clouds were seen consolidating just off the Kerala coast over Lakshadweep and adjoining seas while pre-monsoon thunderstorms were active over parts of Central and East India through Monday.

Monsoon clouds were seen consolidating just off the Kerala coast over Lakshadweep and adjoining seas while pre-monsoon thunderstorms were active over parts of Central and East India through Monday. | Photo Credit: www.windy.com

Rain clouds are once again consolidating over the south-east Arabian Sea and Lakshadweep and advancing towards the Kerala coast, even though the monsoon itself has yet to move beyond Sunday’s position.

On Monday afternoon, the Northern Limit of Monsoon (NLM) continued to run just south of Kanyakumari, extending through northern Sri Lanka before sweeping diagonally across the Bay of Bengal into Myanmar.

Conditions favourable

The India Meteorological Department (IMD) said conditions are favourable for the monsoon to advance further into parts of Lakshadweep, Kerala, Tamil Nadu, and adjoining areas of the Bay of Bengal over next 2-3 days.

It has forecast very heavy rainfall over Kerala and Mahe for five days beginning Wednesday, coinciding with the expected window for monsoon onset. Isolated to scattered light-to-moderate rain, thunderstorms, lightning and gusty winds of 40-50 km/hr are likely over Tamil Nadu, Puducherry and Karaikal; Kerala and Mahe; Lakshadweep; and Telangana for next four days.

Heavy rain forecast

Isolated heavy rainfall is likely over Tamil Nadu, Puducherry and Karaikal; and Kerala and Mahe for six days, the IMD outlook said. Similar conditions are likely also over Lakshadweep for four days; interior Karnataka for three days; Coastal Andhra Pradesh and Yanam, for two days; and Costal Karnataka, three days from Wednesday.

Fortnightly outlook

Looking further ahead, the European Centre for Medium-Range Weather Forecasts (ECMWF) indicates that rainfall over the next fortnight may remain concentrated along the coasts of Kerala and Karnataka, while also extending into parts of central Tamil Nadu, Rayalaseema, and South Coastal Andhra Pradesh. The outlook suggests Mumbai may have to wait well beyond its usual monsoon onset date of June 10 for sustained rains.

No MJO support

Meanwhile, there appears to be little support for the monsoon from the Madden-Julian Oscillation (MJO), the eastward-moving pulse of tropical convection that periodically enhances rainfall over the Indian Ocean. Forecasts show an incoming MJO weakening over the Western Hemisphere and Africa by June 19 before becoming indistinct through the remainder of the month. Current guidance offers no clear indication of its return to the Indian Ocean in time to provide meaningful support to the monsoon.

Extended outlook

An extended 46-day outlook from ECMWF shows the West Coast and Central and East India recording highest accumulated rainfall of up to 500 mm until the middle of July, rainiest of four monsoon months.

An extended 46-day outlook from ECMWF shows the West Coast and Central and East India recording highest accumulated rainfall of up to 500 mm until the middle of July, rainiest of four monsoon months. | Photo Credit: www.meteologix.com/in

Meanwhile, a 46-day outlook from the ECMWF (valid from June to July 13) from June to the middle of the rainiest month of July revealed an interesting pattern. Accumulated rainfall is shown to be highest along the West Coast from Mumbai-Konkan to Goa; Coastal Karnataka; and Kerala as also over eastern Madhya Pradesh; Chhattisgarh; Odisha; West Bengal; and eastern Bihar (400-500 mm). It will be 100-200 mm over Tamil Nadu; Karnataka; Rayalaseema; Telangana; Marathwada; West Madhya Pradesh; and entire Uttar Pradesh.

Least along border

This would likely leave out Gujarat and adjoining North-West India, including Rajasthan; Haryana, Chandigarh and Delhi; Jammu and Kashmir within the bracket of comparably lesser amounts of 40-125 mm in accumulated rainfall. Uttarakhand and parts of Himachal Pradesh may be the exceptions likely logging in a more respectable 100-125 mm in accumulated rainfall until mid-July. Border districts of Barmer; Jaisalmer; Phalodi; and Bikaner in Rajasthan may record the least minimum of 40-50 mm during this period, per the ECMWF outlook

Published on June 1, 2026