Monsoon 2015 began on a controversial note, under the scare of a strong El Nino. This ‘little boy’ started evolving in the beginning of 2014 and became full-fledged by the fag end of the year. Thereafter, El Nino kept growing stronger.
The substantial 14 per cent deficit in rainfall in June-September has culminated in the worst monsoon season since 2009, heightening the uncertainties faced by the farm sector.
The ministry of agriculture and allied government agencies moved swiftly after the India Meteorological Department (IMD) prepared its gloomy back-to-back drought predictions this year.
India received its lowest rainfall since 2009 as the strongest El Nino in almost two decades parched swathes of farm land across the country, impacting rain-dependent kharif crops.
Even in a dry, arid country like India, back-to-back droughts are a relative rarity. In the last 100 years, it has occurred exactly three times — 1904-05, 1965-66 and 1986-87. Now, add 2014-15 to that list.
Every autumn the world descends on New York. Head of governments from across the globe gather at the United Nations general assembly to put their points of view
The app has the ability to track not just how you use your phone and what apps you spend most time with, but also your actual physical activity and travel time everyday.
Investor flows have helped mutual funds turn big players. Thanks to positive investor sentiment and a slow but steady move away from realty, gold and bank FDs, equities as an asset class is gaining from mutual fund investments. Mutual funds invested average Rs 1 crore every minute in all trading sessions in July-September.
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William D. Green
Chairman & CEO, Accenture