With the Fed considering a rate hike that would be the first in nine years, he said it's not evident that monetary policy is too easy because inflation is so low and full employment is only starting to emerge.
The RBI is also likely to err on the side of caution as US interest rates are expected to rise by the end of this year for the first time since 2006, potentially putting pressure on emerging market currencies, including the rupee.
Six of the 10 nations most vulnerable to climate change in 2013 are in Asia-Pacific (Philippines, Cambodia, India, Pakistan, Lao PDR, Vietnam).
The US also commended India‘s leadership in evacuating foreign nationals including US citizens, from conflict in Yemen, as well as cooperation between the US and India on providing post-earthquake relief in Nepal.
The committee will put forth its report and recommendations in the cabinet meeting tomorrow and final decision on declaring scarcity in drought-hit talukas in the state will be taken soon, Khadse told reporters here.
Lower output in the main exporter of corn to Southeast Asia, at a time when the world is flush with Latin American and US supplies, should help underpin global prices of the grain that recently hit a 10-month low of USD 3.46-1/2 per bushel.
At present, 100 days of work is provided to rural job card holders under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The decision has been taken after monsoon deficit today reached 16 across the country, which could affect kharif crops and rural income.
On a question about Nitish Kumar emerging as the most favoured candidate for the post of chief ministership, Modi termed it as "obvious" saying that it was natural for anybody who has been serving so long, to be seen as leading.
According to a senior official in the ministry, Modi received representations from some Indians residing in the UAE on his recent visit to the Arab country.
This would be the second straight year of drought- or drought-like conditions for only the fourth time in 115 years, which is another setback for Prime Minister Narendra Modi struggling to win over political opposition to pass reforms and unshackle Asia's third-largest economy.
India's gross domestic product (GDP) grew 7 percent on-year in the April-June quarter, versus a 7.5 percent gain in the first three months of the year, dragged down by weak net exports.
Barack Obama told a meeting of foreign ministers in Alaska that the United States recognized it played a big part in raising the Earth's temperatures and "embraces our responsibility" to help fix the problem.
June witnessed excess precipitation of 16 percent, while there was a monsoon deficit of 16 percent in July. IMD had predicted around 16 percent deficient rainfall during August and September.
Prices have hit 100 taka (USD 1.29) per kg in Bangladesh and 80 rupees (USD 1.2) in India as scant monsoon rain delays plantings. In 2013, prices hit around 100 rupees in India, leading to protests across cities and making it a political issue.
"The PBoC has come across hesitant and reactive. Policy easing has followed rather than pre-empted the pullback in the economy as well as asset markets," said Vishnu Varathan, senior economist at Mizuho Bank.
After reviewing the supply and the price situation here on Friday, Paswan urged all state governments to take stringent action against hoarders to rein in prices, while assuring that steps taken to import the key kitchen staple and curb exports will help control the rates.
As per CRISIL's deficient rainfall impact parameter (DRIP), four states of Bihar, Karnataka, Maharashtra and Uttar Pradesh will be most hurt by deficient rains and these states contribute 34 percent of total foodgrain production in India.
The country had registered a record foodgrain production of 265.04 MT in 2013-14 crop year (July-June). Wheat, rice, coarse cereals and pulses are part of the foodgrain basket.
Down a shady lane buzzing with cicadas, a security guard stands inside the near-deserted park's administration building, its foyer featuring a reflecting pool and a two-storey-high stone relief of traditional Chinese figures in flowing robes.
The June-September monsoon rains determine farmers' earnings as more than half of farm land lacks irrigation.
"The target of 4 percent growth in GDP of agriculture and allied sector had been retained in 12th Plan, as in the 11th Plan," Minister of State for Planning Rao Inderjit Singh said in a written reply in Rajya Sabha.
The Goods and Services Tax (GST) bill was considered low-hanging fruit among free-market reforms as it has rare bipartisan support. But it fell victim to a political impasse over allegations of impropriety against Modi's cabinet and party colleagues.
Signing two separate pacts, the government and the World Bank inked for a loan agreement of USD 104 million for additional financing under National Cyclone Risk Mitigation Project-I. While, another loan agreement worth USD 308.40 million was signed for National Cyclone Risk Mitigation Project-II.
Tata Steel, which said net profit in the June quarter more than doubled on the back of a one-time gain, has been hit by a combination of a slowdown in China and a devaluation of the Russian rouble over the past few quarters.
"These efforts would also benefit India's overall sovereign credit profile because they would lead to higher incomes, a stable and lower inflation, and a lower fiscal burden related to food subsidies," it said a report titled 'Vulnerability to Drought Poses Credit Challenges'.