time：2022-06-29 20:02:55 Online casino navigation Views：4591
rummy a23 Online casino navigation 2017 candy party,5 points happy 10 points agents join in,999 entertainment,aibola 3xing real people,apple macau galaxy direct selling,b chess master,baccarat counting cable,baccarat knife sharpener,Baccarat should look at which pattern of the road has a high winning rate,baihe casino,bbin agent,best five washing machines in india,betting elite main forum,betting website template,birthday give away bonus,boeing casino forum,brand new real money gambling market,candy beauty party,candy party platform,cash gambling website,casino d'uriage,casino the star,changchun fruit slot machine,china soccer lottery quiz online,contract rummy variants,cricket kendall book 3,crown instant odds web,dafa game card,dafa888 live dealer platform,datang entertainment slot machine,domestic basketball over and under betting volume,e68pt slot machine,electronic games how to play,eshibo baccarat,European Cup Final Macau Set,fengsheng casino,Football betting cash website,football lottery authoritative software,football lottery market order,football lottery quiz draw over others,football lottery software caiqiu,football ta rennes,fruit machine and slot machine software,fun88 e2 80 8b,galaxy city entertainment,galaxy entertainment website is,galaxy reputation free sign up,gambling platform url,genting online casino,gold paris lottery link,golden sand niuniu video game city,Greatest football player,haoxiang baccarat,hg niuniu up down points,hongyun gaming hall platform url,how to download jixiang sports app,how to win mpl rummy,hwo to exchange money for lianhuanduobao,ipl orange cap purple cap,jackpot games online free,jinbo wynn card game download,jixiang game winning streak,King of Glory join in,latest recommendation of soccer lottery parlay,letiantang gambling,lianhuanduobao have dead person,libo sports app download,lisboa duxia quannianbaxiao,live betting sports app download,live dealer online dragon tiger fight,lol esports side bet gambling,lottery nc,lovebet 49's 7 ball,lovebet holdings (malta) limited,lovebet ta bort,luck 9 casino game,macau 2 8 bars card trick skill,macau dream online account opening,macau gambling xinhaotiandi,macau largest gambling website,macau old lisboa betting,macau sportsbook libo,macau xiaoyaofang,market casino wen platform,mingliu casino,mobile slot machine law,nb cricket shoes,new slot machine online game,niuniu sign up give away 12,old video game website,online casino deutschland test,online gambling and real people gambling,online legal real money casino,online purchase hong kong football lottery,online video game account opening,parimatch server error,png slot machine tricks,poker set,pt sign up give away cash cab be withdraw,qiujiu card,r sports sandals,real money pai gow,real people online account opening,reliable niuniu game,roulette video,rummy circle download for mobile,rummyculture withdrawal,shangrila international casino,shubo online casino,Sign up to experience the Golden Casino,slot machine experience bonus,slot machine paipaile rules,slots 4 fun,soccer lottery 88 app,soccer lottery online platform closed,software downloads selling football lottery,sports lottery basketball win loss live broadcast,sportsbook casino,sun web gaming,teen patti octro free chips,the best website to play soccer lottery,the venetian casino mobile version,three kings jinhua app,Top 10 betting companies in Europe,unbelievable niuniu withdrawal,visit jungleerummy.com,wechat football lottery push ticket person,what is football lottery side bet,Which baccarat game is better,winner betting,wynn entertainment card game url,xinguangxin real money platform,yabo sports app recommendation download,yintai electronic entertainment,youyicheng give away bonus,zhunlong online account opening .Prolonged high temperatures could worsen inflation, hurt growth: Moody's
Prolonged high temperatures are credit negative for India, as that could exacerbate inflation and hurt growth, Moody's Investors Service said on Monday. Over the longer term, India's highly negative credit exposure to physical climate risks means its economic growth will likely become more volatile as it faces increasing, and more extreme incidences of climate-related shocks, it noted.
The rating agency said although heatwaves are fairly common in India, they usually occur in May and June. However, this year New Delhi witnessed the fifth heatwave in May with the maximum temperature touching 49 degrees celsius.
"The prolonged high temperatures, which are affecting much of the northwest of the country, will curb wheat production and could lead to extended power outages, exacerbating already high inflation and hurting growth, a credit negative," Moody's said.
The Indian government has revised its estimates for wheat production by 5.4 per cent to 105 million tonnes for the crop year ending June 2022, given lower yields amid higher temperatures.
"The lower production, and fears that a surge in exports to capitalize on high global wheat prices would add to inflationary pressures domestically, has prompted the government to ban the export of wheat and to divert it toward local consumption instead.
"Although the move will partially offset inflationary pressures, it will hurt exports and subsequently growth. The ban comes at a time when India – the world's second-largest wheat producer – could have been capitalizing on the global output gap from wheat following the Russia-Ukraine military conflict," Moody's said.
Global wheat prices have jumped 47 per cent since the conflict began in late February. The agency said India's export partners will likely face a further surge in wheat prices because of the ban. They include Bangladesh, which absorbed 56.8 per cent of India's wheat exports in fiscal 2021, Sri Lanka (8.3 per cent), UAE (6.5 per cent), and Indonesia (5.4 per cent).
Moody's also said that further drawdowns in coal inventory could lead to prolonged power outages in industrial and agricultural production, leading to significant cuts to output and weighing further on India's economic growth – particularly if the heatwaves continue beyond June.
"Inflation will be partially alleviated by keeping wheat production for domestic consumption and the cap in power prices in exchanges, as well as the Reserve Bank of India's 40-basis-point policy rate rise in early May.
"However, given the prominence of cereals and food more generally in India's consumption, elevated food prices could add to social risks if they persist," Moody's said.
A rise in prices across all items from fuel to vegetables and cooking oil pushed WPI or wholesale price inflation to a record high of 15.08 per cent in April and retail inflation to a nearly eight-year high of 7.79 per cent.
High inflation prompted the Reserve Bank to hold an unscheduled meeting to raise the benchmark interest rate by 40 basis points to 4.40 per cent earlier this month.
Latest Business News