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Monsoon 2016 forecast in India: Rains will hit Kerala between May 28 and 30, two-three days before its normal onset date of June 1, private forecasting agency Skymet said. However, it is expected to reach New Delhi on July 1 and Jaisalmer by July 12. It is likely to reach Kolkata by June 10 and Mumbai by June 12. The Southwest Monsoon will arrive over Andaman and Nicobar Islands between May 18 and 20. (Reuters)
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Monsoon, salary hike to boost auto demand, says Fitch: Prospects of a better monsoon, new product launches and salary hike to government employees will provide a one-time demand boost to all automobile segments in the country, according to global rating firm Fitch. With expectations of better monsoon rains in 2016-17 and new model launches intensifying competition in the passenger and two-wheeler segments Fitch believes replacement demand will increase supporting commercial vehicle demand, it added. "In addition, a 23.5 per cent salary hike for government employees, effective in 2016, will provide a one-time demand boost to all automobile segments," Fitch said in its report. (Reuters)
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Monsoon 2016 forecast in India: The normal monsoon onset date is June 1 when it reaches Kerala. Monsoon reaching a tad early is expected to provide relief to many parts of country which are reeling under severe heat wave and drought conditions. (Reuters)
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Monsoon 2016 forecast in India: The India Meteorological Department, as well as Skymet, have made a forecast of "above normal" monsoon this year. (Reuters)
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