-The Hindu New Delhi: Next year, India’s annual summer monsoon forecast may be made by a supercomputer running a dynamical model. The Secretary, Ministry of Earth Sciences (MoES), Madhavan Rajeevan, said the dynamical model, being tested at the Indian Institute of Tropical Meteorology, (IITM) Pune for a decade was “ready for operational purposes next year.” A dynamical monsoon model works by simulating the weather on Powerful computers and extrapolating it over particular timeframes. Though...

-Down to Earth The report highlights that there are inaccuracies and inconsistencies in valuation of auctioned mines In a report tabled in the monsoon session of the Parliament, the Comptroller and Auditor General (CAG) of India states that despite auctions, multiple bids by corporate groups through joint ventures or subsidiaries did not ensure that potential level of competition had been achieved in the first two tranches. The report highlights that there are...

-TheWire.in Policy makers should conduct deeper analysis on the many subtle factors that shape inflation and its effects on the Indian economy. In 1923 when Rudolf von Havenstein, the president of the German Reichsbank (later known as the Deutsche Bundesbank), recklessly initiated a money printing drive in response to the German government’s demand to spend more money, Germany was inevitably embroiled in a bout of hyperinflation and its worst crisis of the...

-The Times of India HYDERABAD: The state-run Gandhi Hospital, a premier 1,200-bed medical facility in the city, is under a cloud after 21 patients died on Friday and the medical staff blamed Power outages for the deaths. Some doctors said electricity first tripped around 3pm and then continued to do so at regular intervals. Although there were four generators on standby, the hospital claimed they had developed snags and could not be...

-Frontline The inability to resolve pressing problems with respect to the production, distribution and availability of food is one of the important failures of the entire economic reform process. IN the fateful month of July 1991, when the devaluation of the Indian rupee presaged the introduction of a whole series of liberalising economic reforms, agriculture was very far from the minds of most policymakers and commentators. The immediate focus was on...