Latest News Today – Centre Released 600 Lakh Tonnes Of Food Grains During


Centre Has Released 600 Lakh Tonnes Of Food Grains During Pandemic For Poor

Centre released 600 lakh tonnes of food grains under Pradhan Mantri Garib Kalyan Ann Yojana

Centre released around 600 lakh tonnes of food grains during the Coronavirus pandemic year 2020-21 and 2021-22 under Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY).

According to Ministry of Consumer Affairs data, out of the 600 lakh tonnes of food grains allotted to the scheme’s beneficiaries during the period, 400 lakh tonnes of stocks had been lifted by states till July 14, 2021.

The total stock of food grains in the Central Pool as on July 1, 2021 was 900 lakh tonnes, consisting of 603 lakh tonnes of wheat and 296 lakh tonnes of rice.

The PMGKAY had been initiated by the Government in March 2020 after the pandemic-induced nation-wide lockdown had been imposed and millions of migrant workers were forced to return to their native places.

The scheme was aimed at providing such displaced people and those in rural areas with free food grains.


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Unilever Gives a Preview of Worsening Inflation Pinch | Sidnaz Blog


Inflation is becoming as much a headache for CEOs of household-staples companies like


UL -0.19%

as for shoppers. Their ability to pass on price increases hinges on where and what they sell.

The U.K.-based maker of Hellman’s mayonnaise and Ben & Jerry’s ice-cream said Thursday that sales increased at a healthy 5% clip in the three months through June, compared with the same period of 2020. Some products that saw demand slump during lockdowns, such as deodorant, have returned to growth now that social restrictions are being lifted in certain countries.

However, Unilever’s shares fell 5% in early London trading because of new profit guidance. Operating margins are expected to be flat in 2021, down from the slight increase that Chief Executive Officer

Alan Jope

was targeting just three months ago.

Inflation is the clear culprit. For Unilever and its main European peer Nestlé, costs of goods sold amount to around half of revenue. Bernstein recently estimated that over the next 12 months these two companies face roughly 14% increases in bills for everything from plastic packaging to food commodities. On a call with analysts, Unilever’s finance director said that costs spiked again in the latest quarter. Soybean oil prices, an important ingredient for the company’s salad dressing, jumped 20% compared with the first quarter.

Predicting who has the best ability to pass on these higher prices to consumers isn’t easy, but investors can look for clues in market-share data, as well as companies’ mix of products and countries.

Unilever, the maker of Dove soap, said costs spiked again in the latest quarter.



Even though consumers have less disposable income on average, it is easier to increase prices in emerging markets than in mature economies. This is because supermarkets in developing countries often have less bargaining power than in Europe and the U.S., where grocers are more consolidated. Unilever’s high exposure to emerging markets, which contribute roughly 60% of group sales, is positive. However, it can only push so far before pinched shoppers trade down to cheaper brands. This is already happening in Indonesia.

The company and its main rivals will have to fight harder in Europe, where price negotiations between consumer-staples companies and supermarkets are notoriously fraught. In certain markets like France, the prices of some goods are in deflation.

This week’s controversy over Ben & Jerry’s decision to stop selling ice cream in Israeli settlements may not help the task. The move taken by the brand’s independent board could cause problems for Unilever in the U.S., where it has spent years trying to improve its competitive position. Any slip in consumer demand will make it harder to increase prices.

Lastly, the split of luxury and mass-market brands in consumer companies’ portfolios will determine how much they can shield margins. It is easier to raise prices for premium products, such as Unilever’s posh cleaning brand The Laundress, than for mundane brands where shopper loyalty is weaker.

Consumer bosses face a delicate balancing act to get through this year with both their margins and market share still intact.

The U.S. inflation rate reached a 13-year high recently, triggering a debate about whether the country is entering an inflationary period similar to the 1970s. WSJ’s Jon Hilsenrath looks at what consumers can expect next.

Write to Carol Ryan at [email protected]

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Zoom Video, Five9, Exxon, IBM: What to Watch When the Stock | Sidnaz Blog


Global stocks are broadly lower, along with government-bond yields and commodity prices, amid renewed anxiety around the Delta variant of Covid-19 and inflation. Here’s what we’re watching ahead of Monday’s open. Full market wrap here.

A sign for Zoom Video Communications ahead of the company’s Nasdaq IPO in New York, April 18, 2019.


Mark Lennihan/Associated Press

Chart of the Day

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Blackstone, AIG, NortonLifeLock, Morgan Stanley: What to Watch | Sidnaz Blog


Futures are mixed ahead of jobless figures and a second day of testimony from Federal Reserve Chairman

Jerome Powell

on Capitol Hill. S&P 500 contracts are down slightly. Nasdaq-100 futures are up, suggesting tech stocks will outperform.

Here’s what we’re watching ahead of Thursday’s trading action.

Prague-based Avast primarily makes free and premium security software, offering desktop and mobile-device protection.


david w cerny/Reuters

  • Is the steam coming out of meme stocks?

    AMC Entertainment,

    AMC -15.04%

    one favorite of the Reddit trading crowd, lost 3.7% premarket. If matched once trading begins, the stock would extend a decline of 43% over the past month.


    GME -6.91%



    BB -3.79%

    shares have both dropped by almost a quarter in that time.

  • Netflix

    NFLX 1.34%

    shares rose 2.6%. The streaming company, which reached a licensing deal over animated films with Universal this week, has been on a tear of late, gaining 11% for the month through Wednesday.

  • T. Rowe Price

    TROW -0.85%

    shares are up 2.6%. Analysts at Citigroup, Deutsche Bank and Morgan Stanley have raised their target prices for the stock in recent days. T. Rowe said this week it managed $1.62 trillion in assets at the end of June.

  • Supply-chain technology provider

    E2Open Parent

    ETWO -0.73%

    fell 1% after reporting a fall in profit and revenue in its fiscal first quarter from a year before.

Chart of the Day

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Virgin Galactic, PepsiCo, JPMorgan Chase, Goldman Sachs: What to | Sidnaz Blog


Here’s what we’re watching ahead of the opening bell on Tuesday.

  • U.S. stock futures wavered, suggesting indexes would hover close to their record levels as investors awaited inflation data and earnings from the nation’s biggest banks.
  • Futures tied to the S&P 500 were relatively flat after the broad index climbed to its 39th record closing levels of the year. Dow Jones Industrial Average futures weakened 0.1%, while Nasdaq-100 futures were up 0.3%.
What’s Coming Up
Market Moves to Watch

JPMorgan Chase kicked off earnings season for big banks on Tuesday.


Mark Kauzlarich/Bloomberg News

  • Conagra Brands

    CAG -0.53%

    declined 3.2% after reporting a fall in sales and cutting its expectations for profit next year, saying that it expects increased inflation to hit its bottom line.

  • PepsiCo

    PEP 0.02%

    shares added some fizz, rising 1.5% premarket after the food-and-beverage giant reported earnings and lifted its full-year guidance.

  • Tesla

    TSLA 4.38%

    edged up 1% in premarket trading, rising for the fourth consecutive day. CEO Elon Musk was in court on Monday to defend the purchase of SolarCity. He also said he doesn’t enjoy leading the automaker.

  • Boeing retreated 2.3%. The planemaker is facing production issues for the 787 Dreamliner, likely further delaying deliveries of the popular wide-body jets.
  • Some U.S.-listed Chinese companies are recouping recent losses, with search engine


    BIDU -0.53%

    adding 2.2%, e-commerce company

    JD -0.53%

    rising 1.5% and video-sharing firm


    BILI 0.22%

    up 3.2%. Beijing said last week that it is probing tech companies’ data practices, prompting a tumble. But some of those worries may have eased after China’s top market watchdog approved


    TCEHY -3.36%

    plan to privatize search-engine affiliate


  • Swedish telecom


    ‘s U.S.-listed shares are up 3.5% ahead of the bell. Rating agency Moody’s issued a review of the company’s rating.

  • Meme stock

    AMC Entertainment

    slid 3.8% premarket. It has lost nearly 25% of its value this month so far.

Market Facts
  • The Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite all hit record closes on Monday—and in the S&P 500’s case, it was the 39th record close this year, beating the Dow’s 27 records and the Nasdaq’s 24. The broad index is ahead of the others in terms of gains this year too, with a nearly 17% rise.
  • European stocks have also been on the rise, with both the Stoxx Europe 600 and Germany’s DAX index notching record highs on Monday.
  • On this day in 1852, Wells, Fargo opened for business in San Francisco and Sacramento. It was founded by Henry Wells and William G. Fargo to convert gold dust into cash for miners, transport and safeguard letters, gold nuggets and other valuable byproducts of the California Gold Rush.
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  • Global coffee prices are climbing and threatening to drive up costs at the breakfast table as the world’s biggest coffee producer, Brazil, faces one of its worst droughts in almost a century.
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Coffee Prices Soar After Bad Harvests and Insatiable Demand | Sidnaz Blog


Global coffee prices are climbing and threatening to drive up costs at the breakfast table as the world’s biggest coffee producer, Brazil, faces one of its worst droughts in almost a century.

Prices for arabica coffee beans—the main variety produced in Brazil—hit their highest level since 2016 last month. New York-traded arabica futures have risen over 18% in the past three months to $1.51 a pound. London-traded robusta—a stronger-tasting variety favored in instant coffee—has risen over 30% in the past three months, to $1,749 a metric ton, a two-year high.

Brazil’s farmers are girding for one of their biggest slumps in output in almost 20 years after months of drought left plants to wither. Brazil’s arabica crop cycles between one stronger year followed by a weaker year. Following a record harvest in 2020, 2021 was set to be a weaker year, but the drop is more severe than expected.

“I’ve been growing coffee more than 50 years, and I’ve never seen as bad a drought as the one last year and this year,” said Christina Valle, a third-generation coffee grower in Minas Gerais, Brazil’s biggest coffee-growing state. “I normally take three months to harvest my coffee; this year it took me a month,” she said.

Brazil’s total coffee harvest this year is expected to drop by the biggest year-over-year amount since 2003, according to the U.S. Department of Agriculture. Its arabica crop is forecast to be almost 15 million 132-pound bags smaller than in 2020.

Others are guarding for an even larger slump. Dutch agricultural bank Rabobank expects the harvest to be 17 million bags smaller, while commodities brokerage ED&F Man, whose Volcafe arm is one of the world’s largest coffee traders, expects a decline of more than 23 million bags.

“A drop that severe is unprecedented,” said Kona Haque, head of research at ED&F Man.

The pandemic shook up how consumers drink coffee. Demand for at-home machines and instant brews rose, compensating somewhat for closed coffee shops. The price rally comes just as Western nations are emerging from lockdowns and cafes are welcoming back customers starved of out-of-home coffee culture.

Global coffee consumption is expected to exceed production this year for the first time since 2017, according to the USDA. The department expects 165 million bags of beans to be consumed in 2021. That is 1.8 million bags more than last year. Meanwhile, global coffee production is expected to decline to 164.8 million bags.

There are other factors behind the price rally. Two other major producing nations, Colombia and Vietnam, have had much better harvests than Brazil but are struggling with a different issue: Port delays have left beans sitting idle on the dock.

Exports of Colombian coffee, particularly desired by baristas for its milder flavor, fell as antigovernment protesters blocked highways and ports. A shortage of shipping containers and rocketing freight costs hit Vietnamese farmers, who produce more than a third of the world’s supply of robusta.

“The whole supply chain suffered not only a significant increase in costs but also massive delays,” said Carlos Mera, head of agri-commodities market research at Rabobank. Unlike other commodities, coffee can only be moved around the globe in containers, he said.

Investors are also playing a role, betting that commodities will benefit from rising prices generally. Some investors bid up the price of coffee by putting money in commodity index funds that track broad baskets of commodities from industrial metals to coffee and cocoa, said Mr. Mera.

Coffee prices are heating up, and experts say an even bigger price hike could be coming. WSJ explains the web of economic forces that help determine the cost of coffee. Illustration: Mallory Brangan/WSJ

“There is a lot of money right now that is very keen on holding commodities as real assets, as hedges against inflation,” he said.

Coffee roasters have so far held off from passing higher prices on to consumers, said Ms. Haque. The higher costs of beans coupled with higher freight costs could mean roasters start charging consumers more if they think post-lockdown demand will be strong, she said.


How much more would you be prepared to pay for your morning coffee? Join the conversation below.

In Brazil, farmers say their stockpiles left over from last year’s bumper crop are dwindling and they are concerned they could run out before next year’s harvest begins.

“We’re a bit worried about having enough to sell next year,” said José Marcos Magalhães, president of the Minasul coffee cooperative. The cooperative is urging members to deliver whatever coffee they have to the cooperative so that it can keep meeting its orders, he said.

Coffee lovers could still find a reprieve. Brazil’s spring rains, which typically fall in September, will be crucial for determining whether damaged coffee plants can recover and produce enough beans during next year’s harvest, said Steve Pollard, a coffee analyst at brokerage Marex.

The alternative could see prices rise even higher, he said. Coffee plants take about 2½ years to develop, and farmers can’t respond quickly by simply planting more crops. “If there is a significant deficit then prices could skyrocket,” he said.

Dry river banks next to a coffee plantation show the extent of the recent drought in Brazil’s biggest coffee-producing state, Minas Gerais.


Jonne Roriz/Bloomberg News

Write to Will Horner at [email protected] and Jeffrey T. Lewis at [email protected]

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Store Brands Could Make a Name for Themselves This Year | Sidnaz Blog


Inflation today looks nothing like what it did in the 1970s, but neither do today’s private-label food products (organic frozen pizza, anyone?). That bodes well for store-branded products, which have had a sleepy few years of market-share growth.

Private-label sales have historically been correlated with inflation, according to

Gary Stibel,

chief executive officer of New England Consulting Group. That relationship was especially clear during and after the Great Inflation of the 1970s, when consumers turned to budget options in droves. Store brands got another tailwind in 2008 on the double whammy of commodity-driven inflation followed by recession. Private label’s share stagnated in recent years, with the exception of 2011, when another bout of commodity inflation drove up food-at-home prices by 4.8%, according to the Bureau of Labor Statistics. That year’s private-label market-share growth in U.S. packaged foods hasn’t been topped since, according to

Aga Jarzabek,

research analyst at Euromonitor International.

A Target store in New York. Target said sales of its own brands grew roughly 36% in its fiscal first quarter.


Mark Lennihan/Associated Press

Last year food-at-home prices jumped 3.5% as consumers rushed to stock their pantries and suppliers struggled to catch up. But the effect on private-label market share was rather weak: Private label’s share of U.S. packaged foods grew 0.3 percentage point to 16.8% last year, according to data from Euromonitor International. For supermarkets in particular, private-label market share actually declined in 2020, according to data compiled by NielsenIQ and the Private Label Manufacturers Association.

That may have to do with a few pandemic-specific variables. For one, consumers tend to turn to familiarity during times of uncertainty. A Deloitte analysis in 2020 found that the more consumers were concerned about their physical well-being, the more they tended to purchase brands they trusted. Secondly, consumers had more jingle in their pockets. Personal savings spiked to an all-time high in April 2020, when the first stimulus checks were distributed, and have stayed above pre-pandemic levels since.

What happens next could partly depend on how quickly consumers use up their savings. While personal savings have declined from their peaks following stimulus payments, as of April Americans still held twice as much savings as they did pre-pandemic. It also depends on how severe inflation will be this year. The U.S. Department of Agriculture’s most recent forecast pegs this year’s grocery-price inflation at 1.5% to 2.5%, which is milder than 2020 but high in comparison to anything seen in the five years leading up to the pandemic.

Will the coronavirus pandemic lead to long-term changes in how we shop for food? To better understand the challenges facing grocery stores, WSJ’s Alexander Hotz spoke with an industry insider, a store owner and a Walmart executive.

Still, there are reasons to think private-label growth will catch up this year regardless of how rich consumers feel. One reason is that the average consumer is probably feeling less insecure compared with last year and more open to trying out unfamiliar brands. Another factor is that private-label brand products are no longer just cheap substitutes, some—especially the premium tier—have become brands in their own right.


TGT -0.10%

said sales of its own brands grew roughly 36% in its fiscal first quarter compared with a year earlier, the strongest growth ever recorded. “These brands aren’t something that our guests pick up while they’re at Target; they’re a big reason why they shop at Target,”

Christina Hennington,

chief growth officer, said during the retailer’s first-quarter earnings call.

Some current indicators point to a potential boom ahead. Private-label manufacturers’ biggest problem these days is capacity, according to Mr. Stibel, who notes that some are having to turn down requests for proposals because they are too busy. And a recent survey conducted by JP Morgan showed that consumers intend to buy more private label compared to branded products this year.

Private label’s banner years are still ahead.

Write to Jinjoo Lee at [email protected]

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Adobe, Smith & Wesson, BlackBerry, Orphazyme: What to Watch When | Sidnaz Blog


U.S. stock futures ticked lower, putting the Dow on track for its worst weekly performance since the end of January. Here’s what we’re watching ahead of Friday’s trading action.

  • Futures tied to the Dow Jones Industrial Average slipped 0.4% The index of blue-chip stocks had dropped 1.9% this week through Thursday.
  • S&P 500 futures were down 0.3%, putting the benchmark index on track to end a three-week streak of gains. Nasdaq-100 futures edged down 0.1%, pointing to modest losses in large technology stocks at the opening bell. Read our full market wrap.
  • A handful of small biotech companies were among the big movers premarket, including Orphazyme, which was plunging, and AnPac Bio-Medical Science which notched a big jump.
What’s Coming Up
  • The U.S. Juneteenth federal holiday is observed for the first time. The actual holiday falls on June 19, a Saturday this year. Markets will be open as usual, at least this time around.
  • The Baker Hughes rig count, a proxy for drilling activity, is out at 1 p.m. ET.
Market Movers to Watch
  • With guns a-blazing:

    Smith & Wesson

    SWBI -3.07%

    shares were among the premarket risers, adding 5.3% after the firearms maker said its sales surged in the latest quarter amid strong demand.

Smith & Wesson Brands launched its first dividend.


Bing Guan/Bloomberg News

  • Adobe

    ADBE 1.48%

    shares climbed 2.9% premarket after the software maker’s quarterly profit and forward guidance came in ahead of expectations.

  • Trading was mostly quiet among the meme stocks, but a few were managing to post mild gains.


    BB 4.89%

    was up 2.1% premarket and

    Clover Health

    CLOV -3.01%

    added 1.3%.

  • Orphazyme

    ORPH -10.18%

    is on the move again, and this time there’s a catalyst—unlike the recent volatility that the company said it could not explain. The FDA rejected the biopharmaceutical company’s application for approval of a treatment for a rare progressive genetic disorder, and it’s U.S.-traded shares plunged 53% ahead of the bell.

  • Drug company


    was flying in the opposite direction, up 22% ahead of the bell. Late Thursday it released data from a phase 2 study of a treatment of myelofibrosis.

  • AnPac Bio-Medical Science

    ANPC 0.70%

    shares jumped 20% premarket after the Chinese biotech company said Friday it has been granted its first disease-treatment patent by the U.S. Patent and Trademark Office.

Market Facts
  • Gold futures declined 4.5% on Thursday, the largest drop in over 10 months. That took gold down to $1,777.80 a troy ounce, its lowest since early May. Friday morning they edged up 0.6%.
  • record $756 billion flowed into the Federal Reserve’s reverse repo facility on Thursday, a day after the central bank boosted the return on a key part of its interest rate control tool kit.
Chart of the Day
  • Nonprofessional investors are continuing to upend financial markets and build on their forceful entrance into the trading arena last year.
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GameStop, Clover Health, AMC, Chewy: What to Watch When the Stock | Sidnaz Blog


Here’s what we’re watching as Thursday’s trading gets underway.

  • U.S. stock futures wobbled ahead of data on consumer prices that will offer fresh insights about the pace of inflation as the economy emerges from the pandemic.
  • Futures for the S&P 500 were up less than 0.1% and Dow Jones Industrial Average futures added 0.2%. Contracts for the technology-focused Nasdaq-100 slipped 0.3%. Read our full markets wrap here.
  • Bitcoin is trading around $37,200, a 2.2% rise from Wednesday’s level at 5 p.m. ET. The cryptocurrency is still down over 40% from its mid-April high.
What’s Coming Up
  • The U.S. consumer price index for May, a highly-anticipated data release on inflation, will go out at 8:30 a.m.
  • Weekly jobless claims, a proxy for layoffs, are also going out at 8:30. They have been on a downward trajectory over the past five weeks and economists are projecting a new pandemic low as the economy continues to recover.
Market Movers to Watch

GameStop Corp. reset its leadership team as the videogame retailer looks to leverage its recent popularity with investors.


Bing Guan/Bloomberg News

  • Clover Health

    CLOV -23.61%

    rose over 7%, looking set to partially reverse some of Wednesday’s losses. The stock was up 88% for the week at yesterday’s close.

  • AMC Entertainment

    AMC -10.37%

    took another leg down, declining 5.2%. The cinema chain fell over 10% on Wednesday.


    BB -4.05%

    another stock frequently discussed on Reddit forums, was down 2.4%.

  • ContextLogic

    WISH -8.86%

    shares continued their wild ride, jumping 7.2% ahead of the bell. On Wednesday they closed down 8.9% in heavy-volume trading, after having been up more than 25% early in the session.

  • Biogen

    BIIB 2.93%

    slipped 1.8% premarket, pulling back after rallying more than 40% this week after the FDA approved its Alzheimer’s drug, a long-awaited breakthrough.

  • Derivatives exchange

    CME Group

    CME -0.57%

    retreated 2.6% in trading ahead of the opening bell, extending a three-day slide.

Market Facts
  • Issuance of green bonds hit a record $270 billion last year and is on pace to exceed that amount in 2021, according to data from the Climate Bonds Initiative.
  • The yield on the benchmark 10-year Treasury note closed below 1.5%, its lowest level in more than three months, dragged down by tepid economic data and high demand from investors both in the U.S. and elsewhere.
Chart of the Day
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Latest News Today – Solar Eclipse 2021: Date, Time, Food Dos And Donts For


Solar Eclipse 2021 (or Surya Grahan) is happening all over the world on 10th June, 2021. The celestial event occurs when the moon covers the sun and casts a shadow on the Earth’s surface while blocking the sun’s light completely or partially. This year, the solar eclipse is an annular solar eclipse which means that the sun will only be partially covered by the moon. Thus, a ‘ring of fire’ will be created around the moon as part of the annular solar eclipse. Interestingly, the solar eclipse is the second such event in the past month, as it comes just weeks after the total lunar eclipse which had coincided with the Supermoon on 26th May, 2021.

Solar Eclipse 2021: Date And Time

The solar eclipse will begin at 8:12 am as per Coordinated Universal Time, or 1:42 pm as per Indian Standard Time. This will be the commencement of the partial eclipse, which will transition into the full solar eclipse at 3:19 pm. The maximum solar eclipse will be visible at 4:11 pm. The eclipse ends at 6:41 pm.



Solar Eclipse 2021: It will be visible largely in the Northern countries. 

Is Solar Eclipse Visible In India?

The eclipse will only be visible in the Northern Hemisphere in countries like Russia, Greenland, Northern Canada and a few other parts of Northern Asia and Europe if weather permits. The Surya Grahan will not be visible in most of India other than in the extreme north in Ladakh and extreme east in Arunachal Pradesh. To view the solar eclipse live online, click here.

Solar Eclipse: Dos And Don’ts During The Eclipse Period

It is commonly believed that fasting should be practiced during the period of the eclipse. However, scientists and experts have completely advised against believing such unfounded myths. Since the eclipse is not visible in most parts of India, there is no need to panic or make any major changes to your diet.

Nutritionist and Macrobiotic Health Coach Shilpa Arora says, “Eat when you are hungry. Listen to your body and observe stillness and silence. You can also meditate and connect with your body. It is a good practice to let all your energies heal today and not work on digesting food constantly.” Arora highly recommends a clean eating meal plan with elements such as banana and coconut water.

(Also Read: )


Solar Eclipse 2021: Coconut water is loaded with nutrients and is recommended for the eclipse day.

If you want to observe the solar eclipse in person, it is advised never to look directly at the solar eclipse as it may harm your eyes. NASA states that you must wear protective glasses or use an indirect viewing method such as a pinhole projector if you want to view the eclipse personally.

The next annular solar eclipse will occur on 14th October 2023.


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