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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
Storage in India’s 166 reservoirs drops to 27.5% of overa...
BL Chennai Bureau · 2026-06-19 · via Economy News, Latest Economic News Today | The HinduBusinessLine
The East and North-East Indian region has received 42% lower rainfall, while South India has received 21% lower-than-normal rain.

The East and North-East Indian region has received 42% lower rainfall, while South India has received 21% lower-than-normal rain. | Photo Credit: SRIDHAR KAVALI

Storage in India’s 166 major reservoirs dropped to 27.5 per cent of the overall capacity this week. The development comes on the heels of the South-West Monsoon playing truant this year, due to the emergence of El Nino. So far, rainfall since the monsoon season began is 48.5 mm compared to the normal 80.6 mm.

Storage this year is lower than a year ago, with only 1 in 5 reservoirs being half-full. Monsoon is 40 per cent deficient as of June 18, with central India, a key region for kharif crop production, facing 62 per cent deficit. 

The East and North-East Indian region has received 42 per cent lower rainfall, while South India has received 21 per cent lower-than-normal rain. North-West India, another key kharif crop growing region, is  a little better with its deficiency being 2 per cent, thanks to western disturbances. 

Published on June 19, 2026