- BEST B-SCHOOLS
- INDIA'S BEST EMPLOYERS
- HOTTEST YOUNG EXECUTIVES
- TOP EMERGING COMPANIES
- BEST CFOs
- BEST BANKS
- COOLEST START-UPS
- BEST INNOVATIONS
- MOST POWERFUL BUSINESSWOMEN
- WOMEN'S ISSUE
- BEST SMEs
- LUXURY SPECIAL
- BEST CEOs
- ANNIVERSARY SPECIAL
- UNION BUDGET
- BUSINESS TODAY
- BT MORE
- MONEY TODAY
- GADGETS AND GIZMOS
That makes this the first back-to-back drought in three decades, and only the fourth in more than a century. The scant rains have hit the yields of summer-sown crops, especially in the south of the country.
Laxman Singh Rathore, director general of India Meteorological Department (IMD), said the monsoon could start retreating this week.
"Until now, July has witnessed minus 17 per cent of rainfall," India Meteorological Department (IMD) Director General Laxman Singh Rathore said.
Although rainfall in the first half of June was above normal, the 2015 forecast is sending some distress signals across due to the monsoon's impact on the economy.
A strengthening El Nino weather pattern trimmed rainfall raising fears of the first drought in six years.
Weather forecasters are not convinced and have warned of severe dryness in the autumn months.
- CAG asks the government to enhance income tax scrutiny of private healthcare players
- Want to remove government interference at IIMs: Prakash Javadekar
- CAG doubts public sector banks' ability to meet recapitalisation targets
- After Nitish Kumar's exit, Grand Alliance looks destined to fail against the BJP. Here's why
- Driver crashes $262,000 Ferrari Scuderia within 'one hour' after picking it up
- Motorola's Moto X4 with dual camera price leaked ahead of official launch
- Buy Xiaomi Redmi Note 4, Redmi 4, Redmi 4A without flash sale, pre order at 12pm today
- Tinder launches new Tinder Gold service; will save time for busy users
- WhatsApp users share 55 billion texts, 4.5 billion photos, 1 billion videos daily
- Microsoft launches Kaizala, a mobile app for large group communication and work management
News You Can Use
- Soon, Provident Fund withdrawal claims can be settled through your smartphones
- Petrol, diesel prices to change daily: How will it affect you
- Securing your data on mobile phones
- SBI hikes minimum balance for savings a/c, other charges
- NEFT transactions to become faster: Here's all you need to know
- Delhi Metro to sell 550 flats; applications open in May