Insufficient rainfall in many parts of India could hit kharif crop sowing https://ift.tt/1dQON6k per IMD, 47% of the 716 districts from where the weather office gets its data recorded a 'large deficiency' of rainfall till June 22 while another 19% posted a 'deficiency'.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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