Saturday, July 21, 2012

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Scientists aided by supercomputers are trying to unravel one of Mother Nature's biggest mysteries-the vagaries of the summer monsoon rains that bring life, and sometimes death, to India every year.
In a first-of-its-kind project, Indian scientists aim to build computer models that would allow them to make a quantum leap in predicting the erratic movements of the monsoon.
If successful, the impact would be life-changing in a country where 600 million people depend on farming for their livelihoods and where agriculture contributes 15 percent to the economy. The monsoon has been dubbed by some as India's "real finance minister".
Ultimately it's all about water. Everybody needs water and whatever amount of water you get here is mainly through rainfall," said Shailesh Nayak, secretary of the Earth Sciences Ministry.
India typically receives 75 percent of its annual rain from the June-September monsoon as moisture-laden winds sweep in from the southwest of the peninsula.
The importance of the recently launched five-year "monsoon mission" has been underscored by this summer's patchy and below-average rains, which have provoked much anxious sky-watching and fears of drought in India's northwest, even as floods in the northeast displaced 2 million people and killed more than 100.
Agriculture Minister Sharad Pawar cautioned this week that there was no need for alarm just yet, although he fretted that the monsoon was "playing hide-and-seek.
Working with counterparts in the United States and Britain, Indian scientists are trying to crack the monsoon's "source code" using super-fast computers to build the world's first short-range and long-range computer models that can give much more granular information about the monsoon's movements.
This would help India conserve depleting water resources and agricultural output would get a boost as farmers would be able to plan their crops better. Armed with more precise forecasts, state governments would be better prepared, in theory, for disasters such as the recent floods in Assam.
It would also bring more certainty to economic policy-making. Prime Minister Manmohan Singh's government is gambling on a normal monsoon this year to boost weak economic growth.
Weather forecasting, however, is just one of the challenges facing India's agricultural sector. Water conservation and proper irrigation remain a problem, agricultural policy-making is muddled and the government is under pressure to cut expensive diesel subsidies, which mostly benefit richer farmers.
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Our Opininon for Today's Market.......
1.Market Looks Volatile.....
2.EVERY DIP IS BUYING OPPORTUNITY....
1.Some Insider Say NIFTY Heading 6400.....7500
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