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The India Meteorological Department predicts the country's   monsoon   rainfall will be 106% of long period average this year.The error margin is plus or minus 5%. This should ease fears over farm and economic growth after two straight droughts hit rural incomes and agricultural output. There is 94% chance of the rains to be normal or excess this year and just 6% chance of them being poor. LPA is the average rainfall received by the country in the last 50 yrs starting from 1951 and is eastimated at 89 cms. The forecast is very much in consensus with what Skymet said yesterday. IMD says monsoon will be more than normal in all the four months of June to Sept, but pace will pick up after the first half.   IMD   DG L S Rathore said that the monsoon this year will be fairly well distributed except northeast India and parts of Tamil Nadu and Rayalaseema. IMD said that it will update its monsoon forecast in June. The monsoon rains could be above average, as ...

Chennai Petroleum Corp Ltd (CPCL) today said it has resumed full operations at its 11.5 million tonnes refineries near Chennai that had been shut down three weeks back due to heavy rains and water logging.  CPCL, a subsidiary of  Indian Oil Corp  (IOC), had shut its refineries in Manali and Nagapattinam, near Chennai, on December 2 and 6, respectively due to heavy rains and water logging. “The operations in the Crude Distillation Unit - II (CDU-II) and Fluidized Catalytic Cracking Unit (FCCU) of the Manali Refinery of CPCL resumed on December 22, 2015 and December 23, 2015, respectively,” the company said in a regulatory filing. While operations at Cauvery Basin Refinery at Nagapattinam resumed on December 14, the same at Manali refinery were restored on December 16. However, half of the Manali refinery hadn’t started on that date because the FCCU and CDU-II were not functional. CDU is the primary unit that processes crude oil while FCCU produces high-end fuels. M...