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India's monsoon is expected to be below normal this year, with less than 90% of average rainfall. This could hurt crops like pulses and oilseeds, impacting farmers and prices. The weather department said, "Monsoon rainfall from June to September will be 'below normal'". This forecast raises worries about food security and the economy.
The weather folks have cut their monsoon forecast to 90% of average, warning of a hotter June. They said, "country is expected to receive 90 per cent of the Long Period Average." This means less rain for most of India, which could be tough for farming and water supplies, as El Niño gets stronger.
Big news for taxpayers! Form 26AS is now Form 168, and it's way more detailed. It will track everything from salaries and investments to credit card spending and foreign remittances. The Income Tax Department said, "checking the new form before filing ITR will become more important." This means you'll need to be extra careful when filing your taxes.
Mumbai CNG is now ₹86 per kg after another ₹2 hike by MGL. This is the second price rise this month, making fuel costlier for many commuters. The company said "Mahanagar Gas Limited" has increased rates across Mumbai and nearby areas, impacting daily travel budgets.
Mumbai just got a bit more expensive as MGL raised CNG prices by Rs 2/kg, making it Rs 86. They also bumped up piped gas prices by 50 paise. This means higher costs for travel and homes, and transport unions might ask for fare changes again.
Big companies like Linde India and Patanjali Foods are sharing their latest money results today, May 30, 2026! Many other firms are also announcing their Q4 earnings. This is important because it shows how well these businesses are doing and can affect the stock market.
Farmers are facing bigger risks than just weather, but insurance still focuses only on crops. The article says, "The Indian farmer today is not a liability." New tech like satellites and drones can help insurers understand and cover these wider needs better, making protection faster and fairer for modern farmers.
The Enforcement Directorate found Rs 1.53 crore cash during raids on eight places linked to illegal sand mining in Andhra Pradesh. They searched firms and people in Hyderabad, Jaipur, and Coimbatore on May 26. The agency said they seized cash, foreign money, silver, and documents. The investigation is still going on.
CNG is now Rs 86 per kg in Mumbai after another Rs 2 hike on May 30. This is the second increase this month, making CNG Rs 4 more expensive in May. Piped gas for cooking also went up. MGL said "higher gas procurement costs" due to global issues and a weaker rupee caused the price rise.
India is planning new incentives to boost local EV battery production. Officials said, "Incentives for raw materials and parts needed for battery manufacturing are being considered." This aims to cut import reliance for crucial components like cathode and anode, which make up most of the cost. A proposal should be ready in three months.
US tech giants might lose a lot of money on AI investments, says Chris Wood. He thinks this AI boom could end badly, like past bubbles. He said, "a lot of capital will be destroyed in this AI capex cycle." US companies are spending way more than China on AI, making them riskier.
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Want a unique holiday? North Korea, the 'hermit kingdom', is opening up for unusual travel. But it's super strict! You must join guided tours, can't wander alone, and photography is limited. "Every journey is carefully guided," so be prepared for many rules before you go.