12:08 am - Wednesday July 1, 2026

Monthly average rainfall expected to be below normal in July, deficit now 40%: IMD

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Gold-hungry traders tap NRIs to cater to humongous demand
Non-resident Indians (NRIs) are bringing gold into the country by taking advantage of rules that allow each individual to carry 1 kg of the metal, helping traders cope with restrictions on imports during the peak wedding season. India, vying with China to be the top buyer of gold, has choked imports to narrow its trade gap and curb the outflow of dollars. The measures included raising the import duty to a record 10 percent and making it mandatory to export as jewellery 20 percent of all gold imports. But non-residents who have stayed abroad for more than six months can bring in gold on payment of the import duty, irrespective of end use. Such is the demand that some traders are paying passengers' air fares if they agree to carry gold. About 80 kg of gold was brought in by non-resident Indians (NRIs) this month on a flight from Dubai to Calicut in the southern state of Kerala, said an airport official who did not want to be identified. Travel agents typically book about 20-30 tickets on a flight on behalf of NRIs, who are accompanied by people working for traders, said Bachhraj Bamalwa, director of the All India Gems and Jewellery Trade Federation, an umbrella body of more than 300,000 jewellers. "These NRIs pay the duty, so there is nothing illegal about it," Bamalwa said. "These people are mainly labourers from Tamil Nadu or Kerala, who are given a free ticket." Government officials estimate NRIs have imported a tonne of gold since mid-November, compared to nearly nothing in previous months. That's a boon for jewellers, many of which have been operating at half capacity due to a lack of stock. Official gold imports fell to about 21 tonnes in November, less than half the monthly requirement, data from metals consultancy Thomson Reuters GFMS showed. Gold premiums in India rose to a record $160 per ounce on London prices earlier in December. Gold-hungry traders tap NRIs to cater to humongous demand

Monthly average rainfall expected to be below normal in July, deficit now 40%: IMD

**Subdued Monsoon Forecast Signals Potential Water Scarcity Amidst El Niño’s Grip**

**New Delhi** – The Indian Meteorological Department (IMD) has issued a concerning forecast for the upcoming monsoon season, predicting below-normal rainfall for July. This projection, coupled with a significant rainfall deficit already observed, raises alarms about potential water shortages across the country, with the prevailing El Niño phenomenon being identified as a primary driver.

June’s rainfall figures have underscored the impact of El Niño, recording a mere 99.5 millimeters. This marks the fifth lowest rainfall total for the month since comprehensive records began in 1901, signaling a stark departure from typical monsoon patterns. While the initial week of July may offer a temporary respite with the possibility of moderate to good rainfall in some regions, the overarching outlook for the remainder of the month remains subdued. This anticipated deficit is projected to push the overall rainfall deficit to approximately 40%, a figure that warrants immediate attention and proactive planning.

The implications of this diminished rainfall are far-reaching, particularly concerning the nation’s water security. Data from major reservoirs across India reveals a troubling trend: water levels are currently 25% lower than they were at the same time last year. This substantial reduction in stored water, when combined with an anticipated shortfall in monsoon precipitation, creates a precarious situation for agriculture, power generation, and domestic water supply.

Agriculture, the backbone of the Indian economy, is especially vulnerable. Farmers rely heavily on the monsoon for irrigating their crops. A prolonged period of below-normal rainfall can lead to crop failure, impacting food security and the livelihoods of millions. The agricultural sector will likely require significant support and adaptive strategies to mitigate the adverse effects of this dry spell.

Beyond agriculture, the reduced water levels in reservoirs pose a threat to hydroelectric power generation. A decline in this renewable energy source could necessitate an increased reliance on thermal power, potentially impacting energy costs and environmental goals. Furthermore, urban and rural communities alike may face stricter water rationing measures as authorities grapple with dwindling supplies for drinking and sanitation purposes.

The IMD’s forecast serves as a critical early warning, enabling policymakers and stakeholders to initiate contingency measures. Strategies such as promoting water conservation, exploring alternative irrigation techniques, and optimizing water resource management will be paramount in navigating the challenges ahead. Public awareness campaigns on water-saving practices will also play a vital role in collective mitigation efforts.

As the nation braces for a potentially dry July, the influence of El Niño on the Indian monsoon underscores the interconnectedness of global climate patterns and their localized impacts. The coming weeks will be crucial in assessing the full extent of the rainfall deficit and in implementing robust strategies to safeguard the country’s water resources and ensure resilience in the face of climatic variability. The proactive engagement of all sectors, from government agencies to individual citizens, will be indispensable in weathering this period of meteorological uncertainty.


This article was created based on information from various sources and rewritten for clarity and originality.

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