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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; 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Mumbai, Pune await monsoon relief as water stocks shrink
Vinson Kurian · 2026-06-18 · via Economy News, Latest Economic News Today | The HinduBusinessLine
A wave of organised rainfall showed up over both Arabian Sea (in green to left) and in part over the Bay of Bengal (right) as thunderstorms lashed the South Peninsula ahead of expected revival of the monsoon.

A wave of organised rainfall showed up over both Arabian Sea (in green to left) and in part over the Bay of Bengal (right) as thunderstorms lashed the South Peninsula ahead of expected revival of the monsoon. | Photo Credit: www.meteologix.com/in

Mumbai and neighbouring Pune are counting down to the arrival of the south-west monsoon as water reserves continue to dwindle amid a prolonged delay in seasonal rains.

The monsoon normally reaches Mumbai by June 10 and Pune a few days later. Mumbai reportedly has barely 40 days of drinking water stock remaining, with key reservoirs such as Tansa and Modak Sagar receiving only 13 mm of rain so far, while other lakes have recorded negligible inflows, if any.

Declining water levels 

In Pune, declining storage in the Khadakwasla dam system, coupled with delayed monsoon onset and projections of below-normal rainfall, has prompted the Pune Municipal Corporation to enforce alternate-day water supply across most parts of the city until at least August 20.

There is, however, a glimmer of hope. The Konkan-Goa region, including water-stressed Mumbai, may begin to feel the first stirrings of monsoon revival from next week. Forecasts suggest the rains could remain uneven and intermittent initially, offering only limited respite from prevailing conditions.

Widespread rainfall

The India Meteorological Department (IMD) has forecast fairly widespread to widespread rainfall over Konkan and Goa next week on June 24. Before that, isolated to scattered pre-monsoon showers are likely over the region through June 23. Similar conditions are expected over east Gujarat, Madhya Maharashtra and Marathwada for much of the coming week, while Saurashtra and Kutch may see scattered rainfall over the next four days.

Helpful circulation

A persistent upper-air cyclonic circulation over the south-east Arabian Sea and adjoining Kerala appears to be steering a gradual revival of rains over Kerala and Coastal Karnataka. This activity is expected to advance northwards towards Goa, Konkan and Mumbai in the coming days. A broader and sustained monsoon revival, however, will depend on complementary support from the Bay of Bengal, where only tentative signs of renewed activity are currently visible.

Heavier rainfall

Elsewhere, the IMD has forecast isolated heavy rainfall over Tamil Nadu, Puducherry and Karaikal on Thursday and Friday; over Kerala and Mahe during the next three days and again for four days from Sunday; and over interior Karnataka on Sunday and Monday.

Fairly widespread to widespread rainfall is expected over Tamil Nadu, Puducherry and Karaikal on Friday; over Kerala, Mahe, Coastal Karnataka and Lakshadweep for the next six days; over South Interior Karnataka from Sunday; North Interior Karnataka from Monday; and over Coastal Andhra Pradesh and Yanam on Tuesday.

Western disturbance

An approaching western disturbance located over central Pakistan on Thursday is likely to track towards west Rajasthan, bringing thunderstorms, gusty winds, lightning and isolated hailstorms to parts of North-West India.

Published on June 18, 2026