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Sunday, Nov 28, 2021
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Biztro

Business in bitesizes

Biztro
Biztro
outlookindia.com
2016-05-20T22:27:47+05:30

The Indian Met Department (IMD) might be worried about a delayed monsoon but Jatin Singh of Skymet, India’s biggest private met agency, says the rains will hit Kerala by the end of the month instead of a week later as IMD suggests. He says the IMD gets it wrong because of its use of objective criteria that are applied differently in different years. As for the level of rainfall awaiting this parched land, Singh agrees with the IMD: it will be in the above-normal range due to La Nina setting in. Fingers firmly crossed even though, last year, Skymet got its 100 per cent rainfall prediction wrong!

No irony deficiency

What goes around, come around. Even as Indian tyre manufacturers got anti-dumping duties imposed on Chinese tyre-makers, they are at the receiving end in the US. The US Department of Commerce has orde­red an investigation on certain tyre imports from India which the US International Trade Commission claims are being sold in the US at less than a fair value and are being subsidised by the Indian government. It seems there’s a reasonable indication that import of certain pneumatic off-road tyres from India are hurting the US industry. Ironically, China has been let off. A final call on the duty and its ­quantum will be finalised in June.

Nothing between me and my Calvins
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