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Latest Macro Economy News & Updates | The HinduBusinessLine

RBI Monetary Policy Meet June 5, 2026 Highlights: Repo rate unchanged at 5.25%, policy stance neutral; 5 measures to attract dollars Domestic Strength Shields India from $114 Oil Shock: PMEAC Chairman S Mahendra Dev Micro-Economic Impact of Budget: Panelists concerned over state finances, laud fiscal consolidation Infrastructure spending gets a leg-up with govt capex pegged at ₹12.2 lakh crore in 2026-27 Budget Raise Urea MRP, pay fertiliser subsidy to farmers, says Survey Data from more urban, rural markets from 12 big cities to used for new CPI series I-T dept eyes 25,000 cases under Nudge Campaign for declaration of foreign assets, income GST rate cut, domestic demand can shield India from Trump tariffs Customs imposes penalties on 2 firms for irregularities in organic rice exports GST Council likely to meet soon after winter session, insurance to be in focus India withstood geopolitical shocks; will navigate future uncertainties too: MPC’s Jayanth R Varma India has no plans to import wheat for now - Piyush Goyal After weak December quarter, winter products begin seeing an uptick in demand Telangana attracted ₹2.60 lakh crore investment during 2014-23 Indian economy to exceed growth estimates after strong Q2 beat: economists Prolonged Persian Gulf crisis can affect India’s economic activity: FinMin How a Dharavi-based housemaid inspired rural financial start-up Jai Kisan India’s UPI is an exemplar for the world: Eswar Prasad A single adverse weather event such as El Niño may not be a threat to macroeconomic stability, RBI Bulletin Karnataka CM Siddaramaiah to flag off bl’s MSME Growth Conclave Wholesale inflation declines to 90-month low of -3.48% in May Strategic disinvestment: CBDT to exempt deemed taxation of difference in book value and fair value Global steel output declines 2.4% in April as China disappoints Realtors see hit in demand at the lower end Strength of India intact, forex reserves swelled by $8 billion in last two days: FM Economic Survey: States taking new initiatives to improve their revenue sources Economic Survey: Huge gap between expectation and reality, says Amit Mitra Rare earth elements and critical minerals will be next geopolitical battleground: Survey ‘Sharp increase in Railway freight traffic indicative of strong revival in economic activity post-Covid’ Home demand resilient, inventory overhang dips: Eco Survey
Cyclone Ditwah retains status, winds to wind down
By Vinson Kurian · 2025-12-01 · via Latest Macro Economy News & Updates | The HinduBusinessLine

Cyclone Ditwah was located about 100 km east-southeast of Cuddalore, 110 km north-east of Karaikal, 100 km east-southeast of Puducherry, 150 km north-northeast of Vedaranniyam and 170 km south-southeast of Chennai (India) by Sunday afternoon. The minimum distance of the centre of the cyclone from North Tamil Nadu-Puducherry coasts was about 80 km at 11.30 am, said India Meteorological Department (IMD) in an evening update.

Retains status

IMD maintained the cyclone has managed to retain its status despite the wind field getting compromised due to proximity to land features along the coat. It had also slowed down in terms of speed of lateral movement after it left Jaffna at the northern tip of Sri Lanka.

The cyclone is very likely to move northwards parallel to North Tamil Nadu-Puducherry coasts until Monday. The distance from coastline to the storm centre will have been reduced to a minimum of 30 km. 

The 24 hours ending Sunday morning saw heavy to very heavy rainfall being recorded in some places over Tamil Nadu, Puducherry and Karaikal, with isolated extremely heavy rainfall. The heaviest of the rain fell over southern parts of the State, including the Delta region. 

The IMD has forecast isolated to scattered rainfall accompanied with thunderstorms and lightning over Tamil Nadu, Coastal Andhra Pradesh and Yanam, and Rayalaseema for four days from Monday, and over Kerala and Mahe for three days from Tuesday. 

Winds to wind down

Wind speeds along and off south Tamil Nadu coast, Gulf of Mannar, and Comorin were expected to wind down from gale to squally winds speeding 50km/hr to 60 km/h gusting to 70 km/hr by evening of Sunday, and further down to 45 km/hr-55 km/hr gusting to 65 km/hr by Monday morning. 

Over west-central Bay of Bengal and along off South Andhra Pradesh coast, squally winds (55-65 km/hr gusting to 75 km/hr) that prevailed on Sunday afternoon will reduce speeds of 45-55 km/hr gusting to 65 km/hr on Monday morning. 

Published on November 30, 2025